November has been a significant month for cryptocurrency markets. The month had many new projects emerge as top performers. Data shared by Phoenix Group, today December 1, 2024, listed the ranking of top-performing crypto projects by MTD (Month-to-date Performance) for November 2024.
The scoring system used by Phoenix Group examined many factors, including price increase since November 1, 2024, which made up the majority of the total score. The scoring system highlighted price growth and market capitalization to show the month’s best-performing digital assets.
The AI Prophecy tops the list
The AI Prophecy (ACT) saw the most explosive growth in November, according to the data. ACT’s remarkable price increase of 2089% during the month made it the top performer on the list. The project had a market cap of $592.4 million by the end of the month.
Thena (THE) emerged the second with a price surge of 1211% and a market cap valued at $234.1 million. Meanwhile, Dogecoin took the third position as its price experienced a 542.1% increase and its market cap reached $256.9 million.
The fourth position in the list was Altura (ALU), which witnessed a 512.5% surge in price and its market cap hit $117.3 million. Next, Sologenic emerged as the fifth, as its price rose 457.3% and its market cap reached $218.9 million during that month.
Tornado Cash took the sixth position with a price increase of 456.5% and its market cap attained $45.9 million. The list continued as Stellar held the seventh position with a price rise of 452.0% and its market capitalization soared to $15.2 billion.
Telcoin scooped the eighth position as its value rose 415% and its market cap touched $579.6 million. Subsequently, Virtuals Protocol claimed the ninth position in the list. The project witnessed a price rise of 339.4% and its market cap grew to $1.5 billion.
The 10th position was Secret, which had a 329.4% price uptick and its market cap touched $239.1 million. Hedera held position 11 with a price surge of 324.0% and a market cap of $7.4 million. After that, Algorand took position 12, as its price rose by 295.4% and had an impressive market cap of $3.7 billion.
Artrade held number 13 with a price increase of 270.6% and its market cap hovered at $83.1 million. Following it, LCX took position 14, with a positive price change of 249.5% and a market cap of $242.8 million. Lastly, HUMAN Protocol secured the 15th spot with a price increase of 248.3% and its market cap climbed to $58.5 million.
The rise of cryptocurrency markets
During November, the top-performing crypto projects highlighted the advantages of popular crypto assets. Beginning from The AI Prophecy (ACT) to HUMAN Protocol, crypto investors and enthusiasts can find different strengths of each crypto project.
Common questions such as “Which digital asset projects have the most potential?” often lead to confusion. On the contrary, comprehensive research and assessment on crypto projects based on factors like price increase, market capitalization, and others, could help crypto investors and users to choose the right projects appropriate for them.
The growth of these projects reflects the rise of user adoption, market sentiment, and the development of blockchain technology’s real-world applications.
