5 coins that put Bitcoin in the shade in November
In the last 30 days, some of the most popular crypto currencies have seen dramatic gains. However, some lesser-known Altcoins with undreamt-of potential also shot up.
In today’s Listicle, we take a closer look at the five top performers that have outshone even Bitcoin.
In the following we look at crypto currencies with a market capitalisation Bitcoin Supreme Review of between 100 million and 1 billion US dollars.
RUNE is a fairly unknown crypto currency with a market capitalisation of US$211 million. Nevertheless, the native token RUNE blew up the imagination of some crypto traders in the last weeks. The price rose by 107.2 percent in the last 30 days alone.
The project is a digital network that enables the exchange of selected crypto currencies without the need to perform them in the block chain. As a result, Thorchain increases the speed of transactions and greatly reduces the costs of currency exchange. Thus, for example, crypto currencies such as Bitcoin can be transferred more cost-effectively.
In addition, the platform offers lending facilities that allow users to lend their digital assets to others. In return, they receive a return on their investment, similar to that of liquidity providers in other decentralised exchanges (DEX).
Sushiswap is a decentralised exchange based on Ethereum
The goal of Sushiswap is to provide an evolution of Uniswap, the most successful DEX in the world. In its functionality and appearance, Sushiswap is almost identical to Uniswap.
However, there are a few significant differences. The DEX rewards those who provide liquidity on SUSHI with SUSHI Tokens. Compared to Uniswap, liquidity mining on Sushiswap is expected to continue until 2023. For this reason, Sushiswap has been able to gain some liquidity from Uniswap in recent weeks.
The Sushi Token fulfils three simple tasks:
- Governance Token for Sushiswap
- Participation in sushi swap profits through staking
- Reward for Liquidity Provider
Although Sushiswap looks back on a controversial history, the project was and is strongly community-driven. In recent weeks, the SUSHI token has seen a price increase of more than 133 percent, leaving Bitcoin and other crypto currencies behind. The market capitalisation of SUSHI is US$171 million.