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Monthly closing in the crypto market: These five altcoins are at the top!
The monthly closing in the crypto market has arrived; this five altcoin, especially Bitcoin, shook the market.
The leading crypto Bitcoin delivered a staggering performance in November. The price of BTC recorded a 35% increase in November. The surge was driven by the U.S. presidential elections and institutional demand.
The rise of BTC has driven the crypto market into a rally. Altcoins put an end to a three-year bear cycle and embarked on a major bull run.
Memecoins and layer-1 blockchains had the best performances in November.
Which altcoins settled at the top in November? Here are the best performances of the last month…
Stellar (XLM)
Stellar (XLM), which is considered the biggest competitor of XRP, became the top performing altcoin in November. XLM, a decentralized and peer-to-peer payment network, recorded a 485.6% increase in the last month.
According to CoinGecko data, XLM recorded a trading volume of 4.27 billion dollars in the last 24 hours. XLM's market value surpassed 16.4 billion dollars.
Virtuals Protocol (VIRTUAL)
Virtual Protocol (VIRTUAL), which produces innovative solutions in the field of artificial intelligence and metaverse, ranked among the best performances of the last month. The artificial intelligence coin recorded a 341.8% increase in the last month.
VIRTUAL reached a market value of 1.533 billion dollars by recording a trading volume of 400 million dollars in the last 24 hours.
XRP (XRP)
XRP, the most popular altcoin in the crypto sector after Bitcoin and Ethereum, embarked on a unique bull run in November. Starting with Donald Trump's victory in the US elections, XRP witnessed a rise of 268.2% in the past month.
XRP, with a market value of 109 billion dollars, recorded a trading volume of 20.45 billion dollars in the last 24 hours.
Hedera (HBAR)
Hedera (HBAR), designed to be an alternative to blockchains, has found its place at the top with its patented infrastructure and technological design. HBAR, a layer-1 blockchain and payment tool, has witnessed a 256.5% surge in the past month.
HBAR, which recorded a trading volume of $1.71 billion in the last 24 hours, has a market value of $6.452 billion.
Algorand (ALGO)
Layer-1 blockchain Algorand (ALGO), which enables the development of decentralized applications and decentralized financial services, was one of the standout altcoins in November. ALGO recorded a 254.1% increase in the last month.
ALGO, with a trading volume of $2.28 billion in the last 24 hours, reached a market value of $3.474 billion.
This article does not contain investment advice or recommendations. Every investment and trading activity carries risks, and readers should conduct their own research when making decisions.