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November has the potential to push forward a lot of tokens in terms of value.
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Cardano (ADA), Solana (SOL) and Terra (LUNA) have huge potential for growth.
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At their current price point, they might be some of the best investments on November 2.
Cardano is a blockchain and smart contract platform that relies on its native cryptocurrency token ADA and uses a proof-of-stake (PoS) consensus model.
Solana is a web-scale blockchain that provides quick, secure and scalable decentralized applications (dApps) and marketplaces, where the SOL token is the native cryptocurrency token that powers it.
Terra Luna is a dual-token platform which is a network that works through two intertwined tokens that have separate utilities.
Should you invest in Cardano (ADA)?
Cardano (ADA)’s value was $1.97 on October 2.
To get a better perspective of the value point of ADA, and what kind of potential for growth the token has, we’ll be comparing it to it’s all-time high value and its performance throughout October.
ADA had its all-time high on September 2 where it hit a value of $3.09. This means that at its ATH the token was 56% higher in value or by $1.12.
In terms of October, on October 7, it had its highest value at $2.33 while its lowest point was on October 28 when the token fell to $1.91. Here we see a decrease of $0.42 throughout the month.
With all of this in mind, ADA has the potential to reach an increase of $0.50 and get to $2.47 by the end of the month, making it a solid investment.
Should you invest in Solana (SOL)?
Solana (SOL)’s value was $204.77 on November 2.
Solana (SOL)’s lowest value of October was on October 12, when the token fell in value by $142.54.
SOL’s all-time high was on October 25, when it reached $219.05. This means that the token managed to climb $76.51 in value or by 53%.
From its ATH to November 2, the token dropped in value by $14.28 or by 6%. With this in mind, it can still pick up in value and increase to $210 by the end of November, making it a worthwhile investment.
Should you invest in Terra (LUNA)?
Terra (LUNA)’s value was $43.67 on November 2.
Terra (LUNA)’s all-time high was on October 4, when the token reached $49.70.
Its lowest point of the month was on October 17, when the token fell to a value of $35.38.
Here we can see that from October 4, to October 17, the token fell in value by $14.32 or by 28%.
However, from October 17 to November 2, the token increased in value by $8.29 or by 23%.
At this rate, the token can potentially go over its current ATH point and increase to $52 by the end of November, making it a worthwhile investment on November 2.
