It’s finally here! November 16th has arrived and is the day where we get to see what will be among the top 3 most profitable investments of 2018. The final decision on which cryptocurrencies make it into this list won’t come until December 2nd, but with that said, let’s take a look at some recommendations for these three top crypto picks: WBTC (Wrapped Bitcoin), RENDOGE (Rendimento), and THORChain (Thor).
November 16 is the perfect day to celebrate cannabis legalization worldwide. To mark this occasion, we have decided to share our top 3 wrapped marijuana stocks of the year with you! WBTC, RENDOGE and THORChain are all poised for growth in 2019.
The “wrapped bitcoin vs bitcoin reddit” is a question that many have been asking. On November 16, three of the most popular cryptocurrencies will be released: WBTC, RENDOGE, and THORChain (ERC20). The “RUNE” is a new cryptocurrency that has not yet been released.
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Wrapped tokens are variants that function on a different blockchain network than their original network.
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The Ethereum blockchain has been “wrapped” around each of these tokens, allowing them to operate.
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The top wrapped tokens to purchase on November 16 are wrapped Bitcoin, renDoge, and THORChain (ERC-20).
Wrapped Bitcoin (WBTC) is an ERC-20 token that symbolizes Bitcoin (BTC) on Ethereum, giving it access to all of the blockchain’s features.
renDOGE is a RenVM-based Dogecoin (DOGE) representation on the Ethereum network.
THORChain has developed a chain-agnostic bridging protocol that enables for safe and trustless value-transfer links with other chains. The token THORChain (ERC20) (RUNE) is based on the Ethereum blockchain.
Should you invest in WBTC (Wrapped Bitcoin)?
Wrapped Bitcoin (WBTC) was worth $59,664.2 on November 16.
We’ll compare it to its all-time high value and performance in October to have a clearer idea of what type of value point this is for the coin.
Wrapped Bitcoin (WBTC) attained an all-time high value of $70,643.40 on November 10.
We can see that the WBTC coin was worth $10,979.2 more at its all-time high, or 18% more than it was on November 16.
WBTC’s performance in October was at its lowest point on October 1st, with a value of $43,411.
WBTC reached a high of $66,857 on October 20, the highest point of the month.
We can observe that the token increased in value by $23,446 (or 54%).
With this in mind, we can anticipate WBTC reaching $63,000 by the end of November, making it a sound investment.
Is it a good idea to invest in renDOGE (RENDOGE)?
On November 16, the value of renDOGE (RENDOGE) was $0.2329.
We’ll compare it to its all-time high volume as well as its performance in October in order to get a sense of what type of value point this is for the coin.
On May 8, the price of renDOGE hit an all-time high of $0.731249.
This implies that at its all-time peak, renDOGE was worth $0.498349 more, or 213 percent more.
When we look at the performance of the token in October, the lowest point came on October 1, when it was $0.1934.
On October 28, renDOGE reached its maximum peak, with a value of $0.3344.
The token’s value climbed by $0.141, or 72 percent, in this case.
With this in mind, renDOGE has a good chance of reaching $0.3 before the end of November, making it a good investment.
Is it a good idea to invest in THORChain (ERC20) (RUNE)?
THORChain (ERC20) (RUNE) was worth $11.09 on November 16.
We’ll compare this wrapped token’s current value to its all-time high value as well as its recent performance in October to find out precisely what type of value point it is.
On May 18, this token attained its all-time high value of $20.76. The token was $9.67 greater in value or 87 percent higher at its ATH point, as seen above.
The token’s lowest point of value was $6.8895 on October 1.
It reached its maximum peak of value on October 30, when it was worth $14.75.
The token’s value climbed by $7.8605, or 114 percent, as seen above.
With this in mind, we can anticipate this coin reaching $14 by the end of November, making it a good investment.
The “wrapped bitcoin mining” is a term used to describe the process of converting Bitcoin into other cryptocurrencies. The top 3 wrapped bitcoins to buy on November 16 are WBTC, RENDOGE, and THORChain (ERC20) (RUNE).
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Our Founder and Chief Enthusiast: With a background that’s a wild mix of tech enthusiasm, finance, and a short stint believing blockchain was a new martial arts technique, Matej is the heart and soul of TheBlockchainBrief.com. He’s got more passion for cryptocurrency than most people have for coffee, and that’s saying something.
