Top 3 cryptos to consider for this month of November

At a time when the crypto market is potentially preparing for a new bull run, investors are carefully scrutinizing projects that offer exceptional performance, but also solid and innovative use cases. In this volatile universe, cryptos like Solana (SOL), Cardano (ADA) and XRP could do well, because they combine speed, scalability and adoption in the financial sector.

Technical fundamentals for efficiency

Solana and Cardano present themselves as leading alternatives to traditional blockchains, with innovative technological proposals that allow them to achieve high performance.

Indeed, Solana, with its unique architecture, could stand out for its unprecedented transaction speed, without recourse to sharding or second-layer solutions. At the heart of this blockchain is SOL, its native crypto, used for transactions, running custom programs, and rewarding network contributors. Solana aims to provide the infrastructure necessary to meet the growing demand for decentralized applications, while remaining efficient and accessible to developers. This vision could attract more decentralized application developers in high-growth areas like gaming or NFTs, thereby increasing the relevance and potential value of SOL.

For its part, Cardano is banking on a sustainable and eco-responsible model thanks to its proof of stake system, Ouroboros. Unlike energy-intensive proof-of-work models, Cardano uses an approach that consumes much less energy, and allows the creation of smart contracts and decentralized applications. This positioning could appeal to financial and technological players concerned about sustainability. Thus, ADA could find itself at the heart of eco-responsible and scalable projects in decentralized finance.

XRP: the pivot of cross-border payments

XRP, supported by the company Ripple, could become the benchmark for international financial transactions, in particular thanks to its speed of execution and low transaction costs. Unlike Solana and Cardano, which focus on scalability for decentralized applications, XRP targets the needs of large financial institutions, and offers them a reliable and fast solution for cross-border payments. These technical qualities would make XRP a strategic option for banks and other institutional players seeking to optimize their payment processes, which could strengthen its large-scale adoption.

The numerous partnerships established by Ripple in the global banking and financial sector illustrate the robustness of XRP in the field of international transactions. These collaborations could well play a decisive role in the growth of XRP, as they help demonstrate the added value of the network in the real world. Thus, this institutional adoption would also provide some stability to XRP in an often volatile market, in order to make it less susceptible to speculative fluctuations compared to other cryptos. Ripple's ability to establish a reliable and interoperable network between banks and other financial institutions could well consolidate its position and strengthen its appeal to investors seeking assets with real utility.

If Solana, Cardano and XRP each show promising prospects, it is above all thanks to their concrete applications and their capacity for adoption in key sectors that these projects could shine during the next bull run. These cryptos go beyond promises, and meet real needs: scalability and speed for dApps with Solana, sustainability and decentralized finance with Cardano, and interbank transfers with XRP. The evolution of their partnerships and the development of their technology would play a decisive role in their future trajectory. For informed investors, following the progress of these projects could well constitute a strategic opportunity in a constantly changing industry.

Luc Jose A.

A graduate of Sciences Po Toulouse and holder of a blockchain consultant certification issued by Alyra, I joined the Cointribune adventure in 2019. Convinced of the potential of blockchain to transform many sectors of the economy, I took the commitment to raise awareness and inform the general public about this constantly evolving ecosystem. My goal is to enable everyone to better understand blockchain and seize the opportunities it offers. I strive every day to provide an objective analysis of current events, to decipher market trends, to relay the latest technological innovations and to put into perspective the economic and societal issues of this ongoing revolution.