After falling further yesterday, the cryptocurrency market has started to recover a bit. According to CoinMarketCap, the total market cap has risen to $2.59 trillion after falling to $2.45 trillion. This charge is attributed to a number of smaller altcoins, but many of the most popular cryptocurrencies have also increased in the last day. We've compiled a list of the top 5 layer-1 crypto currencies to buy right now in their honor. These coins run on their own blockchains. These coins have the potential to make a lot of money.

Five Best Layer 1 Blockchain Cryptocurrencies to Buy Now

1. Crypto.com Coin (CRO).

CRO is among a few coins that are experiencing significant growth right at the moment. It has increased by 22% over the last 24 hours to $0.929789. It's up 122% over the past seven days, and 382% over the past month.

CRO is gaining momentum. However, CRO's RSI of 70 could indicate that it is overbought or on the verge of correction. However, traders could continue to pile into CRO in the short-term, as the market remains largely static.

CRO would not have been on this list in the past as it was originally run on Ethereum. Crypto.com launched Cronos on November 8. This layer-1 blockchain hosts CRO. In recent weeks, CRO has rallied with users migrating from Cronos to Cronos and using greater CRO.

Cronos is backed by a major exchange like Crypto.com and we expect CRO's rally to continue for the long-term. Although the current surge in price may slow down a bit, it is still expected to continue rising over time. It's therefore one of the top 5 layer 1 blockchain cryptos to buy right now.

2. Bitcoin (BTC).

BTC is the top layer-1 cryptocurrency. The current price at $56,891 is 1.7% higher than the previous 24 hours. It's down by 5.7% over the last week, and by 15% over the past fortnight.

After reaching an all-time record $69,044 in November 10, Bitcoin continues to struggle. However, technical indicators suggest that this may be a good time for buying. The relative strength index (in purple) currently stands at 50 after rising from 30. This indicates rising momentum.

BTC is, more generally speaking, the largest cryptocurrency in terms market cap. Layer-1 Bitcoin blockchain is the most stable and difficult to hack. Bitcoin itself has a supply limit of 21,000,000 BTC.

These two factors have led to Bitcoin being a popular choice for many outsiders. Many US-based banks now offer bitcoin custody services. Institutional investors are now more interested in Bitcoin than any other cryptocurrency.

All of this suggests that BTC will continue to rise in value for the foreseeable future. It is therefore one of the top 5 layer-1 blockchain cryptos to buy right now.

3. Ethereum (ETH).

ETH has risen 4% to $4,314, in the last 24 hours. This is a 1.7% increase over the previous week but also a 9.9% decrease in the last fourteen days.

ETH's RSI is showing increasing momentum, just like BTC. Its 30-day moving average (in yellow) has surpassed its 200-day average. This could indicate that ETH is on the verge of breaking out from its recent slump.

It's only a matter time before ethereum rallies once again. The Ethereum blockchain holds $173 billion of total value. This represents more than half the total DeFi market and demonstrates how dominant Ethereum is.

After the August London hard fork, Ethereum now burns some of its fees. Its issuance is now negative and the supply of Ethereum has been declining over time will cause an increase in demand that will push its price up.

Crunching some numbers since the EIP-1556 was implemented: - Over 914,680 ETH has been burned - Meaning that ~9,056 ETH are being burned daily - Net Issuance dropped to 0.07% in November, as the percentage of fees burned is ~87% pic.twitter.com/Iggi3Sz5ty

-- Daniel Ferraro (@danielferraros) November 17, 2021

Additionally, more ETH holders send the coin to Ethereum 2.0’s staking agreement. It now has over 8 million ETH. This number will only increase as proof-of-stake becomes more common (expected sometime in early 2022).

A supply squeeze seems more probable since: - The staking contract hit 8.2m ETH - +8m ETH locked in #DeFi - Since October 1st, more than 860k ETH left centralized exchanges, decreasing the supply available.https://t.co/s9gSaI5JGF pic.twitter.com/EtPQwUAm9h

-- IntoTheBlock (@intotheblock), November 8, 2021

This, combined with Ethereum's continued popularity as a Blockchain, suggests that ETH may be a good layer-1 cryptocurrency to purchase right now.

4. Solana (SOL)

SOL, at $216, is one of the top ten coins that has seen a 2% increase in value over the past 24 hours. However, it is down nearly 10% over the last fortnight. It is still up 6.7% over the past month.

SOL's indicators indicate that it is experiencing a slight revival of momentum. Its RSI is now at 50 and its 30-day average has passed 200.

This could indicate a possible breakout. However, given the current market state, it's difficult to know for certain. SOL is the most promising layer-1 blockchain cryptocurrency on the market at the moment.

It is the native token of Solana and has seen significant growth over the past few months. It currently holds $14.8 billion of total value, which is third only to Ethereum and Binance Smart Chain. As recently as August, the figure was $1.5 billion. This is a testament to how rapidly dapps are being developed on Solana.

-- Matty Tayl*r (@mattytay) November 18, 2021

5. Polkadot (DOT)

The DOT has increased by 1.4% over the last 24 hours to $39.75 It's down 3.5% over the past week, and 22% over the past fortnight.

It's a great time to purchase it now, given DOT's recent fall. The RSI of DOT recently fell to a low of 30 and its 30-day average seems like it might be close to surpassing its 200-day.

Despite this, DOT remains seriously undervalued. This is mainly because Polkadot has not done anything fundamental to alter its value. It began its first ever parachain auctions just a few weeks ago. These will drive up demand for DOT by requiring projects to bid DOT to be granted a spot on the Polkadot Blockchain. These will be run for several months and result in dapps operating on Polkadot using DOT to function.

Even with the recent poor performance, DOT is still one of the top layer 1 cryptos to purchase right now.

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By: Simon Chandler
Title: 5 Best Layer 1 Blockchain Cryptocurrency to Buy Now November 2021
Sourced From: insidebitcoins.com/news/5-best-layer-1-blockchain-cryptocurrency-to-buy-now-november-2021
Published Date: Wed, 24 Nov 2021 10:28:21 +0000