Which tokens should I follow in November? We call the most promising coins
Next month, five altcoins are able to show "explosive" growth
Polygon
In the near future, the Polygon token will aim for rapid growth and updating of historical highs. The project is actively developing, and the number of transactions in its network has already exceeded a billion. This is confirmed by the data of the Polygonscan service. For comparison, 1.3 billion transactions have been processed on the Ethereum network over the entire period of operation.
On October 29, the Polygon token is trading at $2. Over the month, it has risen in price by 93, and its capitalization has increased to $ 13.8 billion, according to CoinGecko. The last time altcoin updated the historical maximum in mid-May at $2.6.
Polygon is an Ethereum-compatible second-level sidechain running on the PoS (Proof-of-Stake) algorithm. This network works faster and with lower fees than the main Ethereum network.
Avalanche
Avalanche is rapidly increasing the number of addresses and transactions. The number of active Avalanche addresses has reached a new high above 70 thousand. All these factors are capable of provoking the rapid growth of the Avalanche token in the near future.
On October 29, altcoin is trading at $ 65.7. During the month Avalanche rose by 7%, and its capitalization exceeded $ 14.5 billion. The last time the token reached a historic high at the end of September at $79.3.
Avalanche is an open source platform for launching decentralized applications (dApps) and deploying enterprise blockchains.
Chainlink and Filecoin
Chainlink and Filecon are promising because they are actively building interaction with other crypto projects and are among the most advanced projects in the digital asset industry. In the future, Chainlink and Filecon may take a large share of the crypto market.
On October 29, Chainlink is trading at $31.5, and its capitalization is $14.6 billion. In a month, the token has risen in price by 42%. At the same time, the price of Filecoin is $60.6 with a market valuation of the project of $7 billion. During the month, the cost of altcoin increased by 9%.
Chainlink is the first network of decentralized oracles between blockchains and smart contracts, and among its partners is the Swift payment system. The coin is also in the portfolio of the Grayscale investment fund.
Filecoin is a decentralized data storage system. The meaning of the project is that the owners of free disk space can rent it out and receive rewards in cryptocurrency for it.
THORchain
Over the past week, the THORchain token has managed to grow in price by almost a third. This is just the beginning of an upward movement for altcoin and it is able to continue growing next month. The decentralized cryptocurrency exchange platform is actively developing and becoming more and more popular among users.
On October 29, THORchain is trading at $13.8. Over the month, the token has risen in price by 110%, and its capitalization has grown to $ 4 billion. Altcoin updated the historical maximum in mid-May at $20.8.
THORChain is a protocol that creates a bridge between blockchains for fast and efficient asset exchange.