Cryptocurrencies with the best and worst returns for November 2024
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Johny Smith
2024/12/27
4 mins read
The end of autumn was extremely successful for the entire digital market. Many of the top 100 cryptocurrencies by capitalization showed impressive financial results, and some even updated all-time highs, following the example of Bitcoin.
The flagship asset set 10 price records in a row in November and came very close to the psychologically important mark of $100 thousand. In just one month, BTC rose in price by 37.4%. Historically, this is the best performance for November since 2020. Then the main digital asset increased in price by 43%.
The current growth, dubbed the “Trump Rally,” has affected not only the cryptocurrency but traditional markets. At the same time, Bitcoin significantly outperformed stock indices in terms of profitability, which confirmed its attractiveness as an investment asset.
Top 5 most profitable cryptocurrencies for November
In this rally, top coins are actively growing following Bitcoin. At the same time, large altcoins outperform the flagship asset in terms of dynamics. Most of them have risen in price by more than 100% in a month.
On the last day of November the price Virtual Protocol reached a historical high of $1.89. The capitalization of the cryptocurrency increased to $1.89 billion, which allowed it to enter the top 100 largest digital assets just 8 months after the start of trading.
In second place in terms of profitability for November is Stellar (XLM). Against the backdrop of overall market growth, the coin increased in price by 477% (from $0.09 to $0.52). As a result, XLM’s capitalization increased to $14.93 billion.
According to analysts, the current growth may be just the beginning of the next rally of the crypto asset. The coin has been in consolidation since June 2022 and has accumulated potential for further movement. The historical maximum was reached in January 2018 at $0.87. In November 2024, Stellar recovered more than 66% of its value.
The third place in the ranking of the most profitable cryptocurrencies for November is occupied by Algorand (SOMETHING). Over the month, the price of the coin increased by 304.5% and reached $0.44 – for the first time since May 2022. Market capitalization increased to $3.75 billion, securing the asset’s place in the top 40 largest cryptocurrencies.
The top five coins with the best returns for November also included:
- Ripple (XRP). The price of the cryptocurrency increased by 272.1%.
- Hedera (HBAR). The coin increased in price by 267.2%.
Cryptocurrencies with the worst performance in November
Over the past month, the total capitalization of the digital market increased by 45.3% and reached $3.56 billion. Almost all top coins increased in price.
Popcat is a meme token on the Solana blockchain, launched in December 2023. The price of the asset has been growing steadily since the beginning of 2024. The absolute maximum was reached by mid-November at $2.05. After this, the correction began. As a result, by the end of the month the rate returned to the October level.
Previously, Crypto.ru published an infographic on liquid staking protocols with the largest amount of blocked funds in November 2024.
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