November has the potential to push forward a lot of tokens in terms of value.
Cardano (ADA), Solana (SOL) and Terra (LUNA) have huge potential for growth.
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.