Top 5 Altcoins to Buy in November 2022

One of the most effective, albeit risky, ways to make money is to buy cryptocurrency. No other investment product can compare with it in terms of profitability. Most of the existing cryptocurrencies have increased their value several times, and investors have received huge profits. 

There is an opinion that the most popular bitcoin cryptocurrency will not be able to bring as large a return as new, promising, and still little-known tokens. By investing in them, you can increase your capital several times and get several "x's."

In this article, you will find out which are the most promising cryptocurrencies you can invest in to earn income.

The list of altcoins

Ethereum (ETH)

Ethereum is digital silver; you should always invest in it if you have free funds. The project is a global-decentralized platform, which was launched in 2015. 

Forecasts for ETH are optimistic. Many believe in a return of up to $5,000 per coin, and with the introduction of all improvements, a price range of $9,000-15,000 per coin can be envisioned.

At the moment, there is an active modernization of the platform:

• The blockchain has been greatly simplified. • There is a protocol of pure PoS negotiation. • Prompt confirmation of transfers.

Ethereum will be quite a promising currency, according to experts. This is due to thefollowing factors:

• The growth of the Ethereum currency is stable and fast enough. • Large companies are increasingly interested in this cryptocurrency and are investing their funds in it. • The company is constantly improving and modernizing its technologies.

The cryptocurrency’s forecast for 2023 is good. Therefore, you can choose Ethereum for investment.

Crypton (CRP)

Crypton (CRP) is a privacy coin and the main monetary unit of the anonymous and decentralized Utopia P2P ecosystem. Utopia P2P is a secure place for everybody who wants to hide their data from prying eyes. It has an arsenal of built-in tools for messaging, emailing, browsing, gaming, etc.

Crypton is a promising and secure cryptocurrency available for purchase by every user without restrictions. It is based on blockchain technology, so transaction data is not displayed on the network. All that is known is the fact of the transaction, but the names of the sender and recipient and other details remain unknown. All financial transactions are protected by a cryptographic signature. The cryptocurrency is based on a unique Proof-of-Stake, so the ecosystem nodes are located all over the world and participate in data transmission every second.

There is a special no-KYC Crypton Exchange, where it is possible to buy, sell, change, or withdraw CRP (or other available crypto coins: Bitcoin, Monero, USDT, DAI) with minimum fees.

Now the price of Crypton is not so high, so every user has a chance to become an early adopter. According to forecasts, Crypton will trade several times higher next year.

Binance Coin (BNB) 

BNB is a token of the Binance exchange that allows you to save on commissions. The degree of savings had decreased over time, but then the Binance management decided to extend the promotion and keep the 25% discount forever. The opportunity is most relevant for institutional investors who trade in such large amounts that it is more profitable for them to buy BNB tokens than to give hundreds and thousands of dollars for trading fees.

But saving on commissions is far from the only purpose of BNB. As of 2022, the token offers many ways to earn money within the ecosystem – Launchpool, deposits, etc.

Binance Coin was created in order to develop the platform. Binance has launched a tool that has significantly reduced transaction fees. That is, there are some kinds of benefits in the system.

In the first year, it will be 50 percent, and in the fourth year, it will be 6.77. In the fifth year, the benefits will no longer apply. Please note that every three months the company is engaged in burning tokens.

ERGO (ERG)

Ergo is the platform's own coin, which is used to pay for all transaction costs for the transfer and implementation of smart contracts, as well as for chain voting and storage rental fees. Storage rent is a protocol-level feature that allows you to charge a small fee for coins that have not been moved for four or more years. This prevents the loss of Ergo forever and helps encourage miners to continue protecting the network in the long run, avoiding the bloat of the UTXO set that we see in Bitcoin and other UTXO chains.

The Ergo project is a blockchain, the main purpose of which is to provide effective, secure and easy-to-implement financial contracts. To achieve this, it has provided great economic progress and various methods in the Blockchain solution. 

Light's extensive customer support has allowed Ergo coin to become a user-friendly platform, as it allows unreliable use of a contract executed on hardware.

SafePal (SFP)

SFP is a proprietary token of the SafePal BEP-20 utility program. The coin is not very popular now, so its price on the market is several times cheaper than a year earlier. This situation indicates an excellent chance to purchase more coins at a bargain price. 

The crypto winter that hit the cryptocurrency market in 2022 allowed everyone to invest in young and unpopular coins, the price of which may rise sharply next year.

In addition, SafePal offers modern mobile wallets for storing cryptocurrencies, but also hardware wallets of its own production. For example, wallets now support NFC and update the list of available coins in real-time.

Moreover, SafePal is working on the brand image, which has a beneficial effect on the growth of the SFP rate. For example, SafePal works closely with the Chinese stock exchange, so this is the first crypto wallet officially supported by Binance.

Conclusion

Traders are already tired of monotonous forecasts praising Bitcoin. You've probably heard that the time is past and cryptocurrencies had to be purchased 10 years ago. This opinion is erroneous — you can earn here and now because the crypto winter of 2022 has opened up incredible opportunities for investors.

If the same old coins do not inspire you, then consider the coins from this article and do not miss the chance to become an early adopter.

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.