Find out which cryptocurrencies were the most traded in the last month

In this ranking we leave out the stablecoins and the cryptocurrencies BTC and ETH. watch

The month of November can be considered one of the worst recession periods of the cryptocurrency market after the collapse of the FTX exchange and the FTT token. Bitcoin traded at $15,000, down 78% from the asset’s last all-time high. Given this scenario, which cryptocurrencies were most traded in November?

In this ranking we leave out stablecoins and cryptocurrencies bitcoins (Bitcoins) e ETH (Ethereum), which always end up occupying the top spots for having the largest market share.

DOGE

Once again occupying the ranking of the most traded cryptocurrencies, Dogecoin has been riding the wave of Elon Musk and Twitter since October. After the sharp drop in the market, DOGE recovered at the end of November with a tweet from Musk, CEO of Twitter, who showed a slide that mentioned the possibility of making payments through the social network.

As the billionaire had raised the possibility of using DOGE in this feature before, the tweet was enough to send the cryptocurrency up 21%.

BNB

The second token in this ranking is nothing new. BNB was among the least affected in November, although it also saw a decline over the period. The usability of the BNB Chain blockchain is largely responsible for keeping the token in the spotlight in the cryptocurrency market.

XRP

Ripple follows suit with the SEC (American Securities Commission) and the expectation of earnings from the issuer of the XRP token has sent the crypto off the red market. However, the high trading volume is due to the presence of the token in several projects, as it offers low fees, scalability and speed.

NEO

Neo is a secure decentralized blockchain for building dApps, developing smart contracts, and other payment, identity, and asset transactions. Thanks to its high scalability, the network allows for more transactions per second than its competitors. NEO is the governance investment token, being a profitable store of value and also offering arbitrage for network users.

LTC extension

Litecoin jumped 48% year-to-date in November. Cryptocurrencies are expected to undergo an upgrade soon and the valuation shows that the market anticipates this. This update is called the halving and works similar to the Bitcoin halving. The reward in the form of LTC offered to miners on the network will be halved after the halving, which also makes cryptocurrencies scarcer.

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Camila

Camila Luna is a writer at Gossipify, where she covers the latest movies and television series. With a passion for all things entertainment, Camila brings her unique perspective to her writing and offers readers an inside look at the industry. Camila is a graduate from the University of California, Los Angeles (UCLA) with a degree in English and is also a avid movie watcher.