Top 5 Profitable and Unprofitable Cryptocurrencies of November 2023

In November, the cryptocurrency market witnessed TerraClassicUSD (USTC) as the leader in profit, soaring by 363.6% from $0.011 to $0.051. Its market capitalization reached $534.45 million. USTC emerged following the downfall of Terra UST, which once stood as a stablecoin. Currently ranked 100th among the largest coins, USTC is trading on major CEX and DEX platforms.

ORDI ranked second in profitability, surging by 314.9% in November, from $4.87 to $20.21, and securing the 82nd position in the global ranking with a market cap of $665.94 million. ORDI was the first token issued using the BRC-20 standard on the Bitcoin blockchain and is actively traded on leading exchanges, with a total transaction volume of $663.63 million.

Taking the third spot in terms of returns for November, Bittensor (TAO) appreciated by 221.6%, climbing from $84.97 to $273.28. This impressive gain propelled TAO to the 39th position in the list of the largest cryptocurrencies. Bittensor is a decentralized machine learning network built with artificial intelligence and currently trades on four exchanges with a daily trading volume of $14.51 million.

Also making it to the top 5 profitable cryptocurrencies in November are Kaspa (KAS) and Celestia (TIA). KAS saw its price rise by 163.2% from $0.049 to $0.129, while TIA surged by 162% from $2.45 to $6.42.

Among the losers, Bitcoin Cash (BCH) suffered the most, losing 8.2% of its value in November, falling from $242.03 to $222.12. However, it maintained its position within the top 30 largest assets with a market capitalization of $4.44 billion. BCH has been independently developing since 2017, known for its price volatility, and enjoys support from major exchanges with a daily trading volume of $129.37 million.

XDC Network (XDC) secured the second spot in terms of losses, dropping by 7.6% in November, from $0.052 to $0.048. Its market cap decreased to $691.75 million. XDC serves as a hybrid blockchain for business and is used for settlements across various supported applications. The asset is traded on leading cryptocurrency exchanges with a total transaction volume of $16.01 million.

SafePal (SFP) completes the list of underperformers, losing 7.3% of its value in a month, decreasing from $0.68 to $0.63, and with a market capitalization of $284.79 million. SafePal's ecosystem includes a trading platform and a hardware wallet for cryptocurrencies, providing substantial support to the SFP token. The asset is actively traded on major exchanges, with a daily trading volume of 3.88 million.

Rounding out the top 5 unprofitable cryptocurrencies are APENFT (NFT), which depreciated by 6.3% from $0.000000344 to $0.000000322, and Casper Network (CSPR), which saw a 3% decline from $0.033 to $0.032 during November.