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Ethereum (ETH) is easily one of the most important coins that were ever created. If we exclude Bitcoin, which started the crypto industry, then Ethereum is easily the most important altcoin to ever be developed, which is why it keeps its rightful place as the second-largest crypto, bested only by BTC itself.
However, Ethereum is also a place where multiple altcoins have been created, and while many of them have crashed and died since, thousands have survived. Among them, there are still gems to be found, some of which can be quite worthy of investment right now, in November 2021. We have looked into many of them, and we came up with a list of the top 5 Ethereum-based altcoins to buy in November 2021, so give them a look over and consider using them for expanding your portfolio.
First, we have Uniswap (UNI), which is the native cryptocurrency of the Uniswap crypto exchange — a decentralized exchange (DEX) that has dominated Ethereum’s ecosystem ever since the DeFi sector explode, and DEXes figured out a way to provide liquidity.
In Ethereum’s ecosystem, Uniswap is one of the most dominant forces and one of the highest-ranking DeFi tokens. Thanks to its unique position, it has seen a fairly decent performance, especially in 2021. It did have plenty of ups and downs, many of which were caused by the shifting market. However, Uniswap has shown that it has the potential to go up to $45, while it currently sits at $21.68, meaning that there is plenty of room for the token to grow during the next bull run.
To learn more visit our Investing in Uniswap guide.
2. Chainlink (LINK)
In the second spot, we have Chainlink (LINK). Chainlink also came as an Ethereum-based token, although it doesn’t focus on payments and earnings, but rather on solving practical problems that the crypto industry is facing. As you likely know, importing real-world data to blockchain is highly necessary for smart contracts to work the way they were intended to. They require a fresh flow of data that would allow them to know when the terms of the contract have been met, and when the contract should be executed.
Of course, bringing the data automatically on-demand has been proven to be quite a challenging task, but also one that Chainlink has managed to complete by creating is a network of oracles. The oracles are collecting information, such as changes in prices of cryptocurrencies, and feeding it to the blockchain, which is then transported to the contracts. As such, the project started acting as a bridge between blockchain and the real world, and this, in turn, made it irreplaceable in the crypto industry.
Throughout the year, LINK has been partnering with numerous blockchain projects and firms, with everyone wanting its technology and support. All of this makes it quite a desirable coin to have, and so definitely consider buying it.
To learn more visit our Investing in Chainlink guide.
3. Decentraland (MANA)
Next up, there is Decentraland (MANA), which might not seem like an obvious choice right now, but it will definitely be a token worth having in the near future. You see, Decentraland’s goal was to create a virtual world where crypto can be used freely for paying for various digital goods and services. For example, users get to buy a piece of digital land and organize it in any way they see fit, for business or for fun.
With metaverse being the new hot topic of crypto, we expect projects like Decentraland to rapidly explode in 2022, and so buying them now while they are still relatively low in terms of price might be the right time to do it. People are now ready to use the internet — and blockchain — to bring interactions to the next level, and a project that provides an entirely digital world dedicated to that very purpose is bound to do well in months to come.
To learn more visit our Investing in Decentraland guide.
4. Basic Attention Token (BAT)
Fourth, we have a Basic Attention Token (BAT), which is a cryptocurrency used by the Brave Browser. The coin has been around for some time, and it is very easy to get it for free, simply by installing Brave and watching ads. Brave’s goal is to connect users with major brands and companies and kick out the middlemen such as social networks, that charge huge money for advertisement, and then don’t do much to properly display them to users.
Brave comes with a built-in ad-block, and it allows users to only watch the ads they want. In return, they get paid in BAT. However, developing, running, and perfecting a browser on blockchain was not easy, and so far, the team focused strongly on developing features, fixing issues, and expanding its reach. Now that it has over 40 million users, it finally announced that it will create its own wallet for BAT, which will also allow payments and transactions.
The wallet just launched recently, but the price still failed to react, meaning that the right time to buy this token is right now, before its price surges.
To learn more visit our Investing in Basic Attention Token guide.
5. Shiba Inu (SHIB)
The last on the list is Shiba Inu (SHIB), which has been one of the most popular newer altcoins for months now. SHIB is a meme coin, just like Dogecoin, and it emerged in response to DOGE’s sudden surge in popularity.
However, SHIB came in the middle of the memecoin fever, and as such, it quickly climbed through the ranks, even outperforming DOGE itself at one point — at least in terms of market cap. Of course, SHIB does not have great chances of outperforming DOGE’s value, simply due to the high circulating supply, but you can still buy large amounts of it for a fairly small amount of money and make a profit as its price skyrockets.
The coin saw a correction over the past month, but that only means that it is at the bottom, or fairly near it, and that it will likely go back up after reaching it. As such, it has plenty of potentials to secure earnings for its holders.
To learn more visit our Investing in Shiba Inu guide.
The crypto industry is full of gems, even if they can sometimes be difficult to find. Even so, there are many projects worth buying if you look deep enough, and today, we have decided to present you with a few of those that our own research pointed to as some of the best upcoming opportunities.
You should always remember the regular rules of crypto trading, such as doing your own research, not using the funds you can’t afford to lose, and alike, but other than that, these are some great opportunities worth checking out. If nothing else, they will give you a great starting point for your own research, which is quite necessary for a market featuring over 14,000 available assets.