Although this year is still in its infancy, cryptocurrencies have moved to their limits and reached record levels. If you are a cryptocurrency enthusiast and want to put your money into some potential coins, take a look at our list of coins to buy this month in no particular order.
Solana It is an open source computing network developed by Anatoly Yakovenko in 2017. It was developed to speed up transactions while ensuring decentralization. Solana Network boasts less than a penny per transaction and over 50,000 transactions per second. This is done using the Proof of Stake consensus algorithm. This is similar to the Ethereum blockchain, nicknamed the “Etherium Killer.” Solana supports smart contracts and can be used to invest in apps, DeFi, games, DEX, social media, dApps, and more. Compared to the Ethereum blockchain, it has a higher number of transactions per second for a lower transaction fee. SOL is the original currency of the blockchain. They are used as transaction fee payments, and governance tokens. Currently, there are 311.8 million business models out of 508.2 million business models in circulation. SOL is currently at number five and SOL is priced at $150.52 today. The price in November was $259.96.
Cardano It is a third generation protocol created by Jeremy Wood and Charles Hoskinson in 2017. Our consensus algorithm uses Ouroboros, which is a proof of stake algorithm. The goal is to be safe, scalable, flexible and environmentally friendly. Blockchain allows you to generate native tokens that mirror the original cryptocurrency (ADA). Blockchain operates at two different layers: the payment layer, which monitors asset transfers and memo transactions, and the account layer, which manages smart contracts for decentralized applications. ADA is the original coin to fuel the platform. It can be used to settle transaction fees and as a symbol of governance. You can also bet on bonuses. Today, it is at $1.25, down 59.4% from September’s A$3.09. ADA ranked seventh with a market capitalization of 402.b. The total supply is 45 billion, and 32.1 billion is currently in circulation.
The Fantom ecosystem is a series of decentralized applications and digital assets launched in 2019. It was developed by Michael Kong. Modular, efficient, scalable, safe, open and environmentally friendly. Supports smart contracts. The blockchain runs on Lachesis, a Proof of Stake (PoS) Byzantine Asynchronous Consensus Algorithm (aBFT). Fantom virtual machine allows you to create dApps. FTM feeds the ecosystem. FTME Both ERC-20 tokens and BEP-2 tokens. It is used to reward auditors and as a hallmark of governance. FTM is currently trading at $3.00. It peaked at $3.46 in October. Total FTM supply is 3.2 billion and distribution is 2.5 billion.
being It is a blockchain from other blockchains created to function as Internet blockchains. There is an Inter-Blockchain Communication Protocol (IBC) and a developer suite that allows you to create dApps and communicate between independent blockchains (regions). Cosmos works with Tendermint Proof of Stake Byzantine Fault Tolerance (BFT). Launched by the Interchain Foundation in the year 2019. ATOM is a native currency that is used to enhance interoperability on the network. It can be bet, held, exchanged and traded. It is currently priced at $39 and currently has 226 billion atoms in circulation. It peaked at $44.42 in September.
Like Spotify and SoundCloud, Audious is a blockchain-based music streaming platform. It supports music sharing and streaming, and has social media features. The platform is powered by node operators, artists, and fans. Audius works on the Proof of Stake algorithm. Founded in 2018 on the POA network, it is now on the Solana blockchain. It is not the first streaming platform on the blockchain, but it is backed by Jason Derulo, Katy Perry, Nas, The Chainsmokers, and Pusha T. Its original cryptocurrency is AUDIO, an ERC-20 token. Currently, 1.1 billion and 500 million votes are in circulation. Its price today is $1.43, but in March 2021 it reached a record high of $4.95.
Chain Link (LINK)
chain link A network of nodes that provide data and information from sources outside the blockchain available in smart contracts via Oracle. It provides data related to the blockchain and the dApps on it. It was launched in 2017 as the first protocol to transfer data and information from off-chain sources to existing smart contracts. Network operations are divided into Oracle selection, data reporting, and result aggregation. LINK is the original currency of the network. The node operator receives the LINK of activity on the network. You can trade, bet and exchange. LINK is currently trading at $24.98. The cost for May 2021 was $52.70. Currently, there are 467 million links circulating.
Polygon was originally developed in India as Matic Network, but was renamed Polygon in February 2021. It was created as a Layer 2 scaling protocol for Ethereum networks. It was created to improve blockchain size, speed, security, interoperability, and usability. It works with the Proof of Stake algorithm. Supports Ethereum virtual machine contracts.
Further development of the network is expected to include Polygon Plasma, zk-Rollups, Optimistic Rollups, and Validium Chain. MATIC is a token used to operate the Polygon Network. Transaction and installation fees can be paid at MATIC. It can also act as a governance token for voting on promotions and policies on the platform. The price of MATIC tokens is $2.29 today.
Tera It is a blockchain that supports the creation of stablecoins linked to currencies or physical assets. These stablecoins can be traded and exchanged on the ecosystem or exchange platforms. Created in 2018 by Terraform Labs using the Cosmos SDK. It works with the Delegated Proof of Stake (DPoS) Tendermint consensus algorithm. This is a fintech solution for payments. The ecosystem consists of CHAI for frictionless payments and Terra Bridge to support interoperability between blockchains. Mirror Protocol allows you to create synthetic assets (mAssets) and bond protocols to provide users with stable access to an interest rate. TerraUST, TerraGBY, TerraEUR, TerraJBY, TerraKRW, TerraCNY, TerraSDR are some of the stablecoins created with Terra. LUNA is a token to keep these stablecoins stable. The total supply of LUNA is less than 1 billion. LUNA is used to pay transaction fees, absorb volatility, and governance tokens. The LUNA is $80.94 as of today and ranks 9th.
polka on It is a blockchain blockchain created in 2016 and launched in May 2020 by Robert Habermeier, Peter Czaban and Gavin Wood. It aims at a blockchain solution of three times security, scalability, and decentralization. There are two modules in the blockchain: the relaychain (the main network that handles transactions) and the parachain (the blockchain for users using resources from the main network). The blockchain also has a bridge that allows interoperability with other major blockchains. It works with a candidate Proof of Stake (NPoS) consensus mechanism. DOT is its original cryptocurrency and can be used as a token for trading, betting and governance. The DOT is currently priced at $26.28 and has a total supply of $1.2 billion. In November 2021, it reached a record high of $54.98.
decentralization It is the first fully user-controlled 3D distributed world. Its development was started in 2017 by the Decentraland Foundation, founded by Esteban Ordano and Ariel Meilich. It was released in January 2020. It is a metaverse created on the Ethereum blockchain. There are two types of native tokens: LAND (NFT protocol for the registration of acquired property) and MANA (the cryptocurrency for world assets and other services). The platform supports payments, P2P interactions, and interactive applications. MANA is important in performing Metaverse operations. It is used to settle transactions and vote on policy updates, LAND auctions, and upgrades on platforms using MANA. It is currently trading at $2.97. With a total supply of $2.2 billion, it currently has a trading volume of $1.3 billion and a market capitalization of $3.9 trillion.