The crypto market rallied over the past few days, rising 3.86% with $2.8 trillion in total value (TVL). Investors were looking for top crypto to invest in long-term growth. This led to the boom.

Here are the top digital assets you can buy this week if you're not sure which asset to invest in.

1. Bitcoin (BTC).

Bitcoin is still the most popular crypto to invest in, accounting for over 45% of global crypto market. BTC's limited supply is what makes it so attractive. This hard cap limit means that there will be 21 million bitcoins mined in the future.

Retail and institutional investors view the benchmark crypto as digital gold, with more than 90% of all BTC in circulation.

Bitcoin, the first and only legal tender tag-equipped digital asset, has been widely adopted. It is also the most traded digital asset within the crypto ecosystem.

The Bitcoin network has been often criticised for its closed-door structure. This has led to it missing out on decentralised finance (DeFi), and non-fungible token ecosystems (NFT), due to its inability support smart contracts.

According to Taproot.watch, Bitcoin is now open to smart contracts. Taproot will soon upgrade the premier digital asset, with three different Bitcoin Improvement Protocols. This will enable smart contracts to be more secure, private, and allow for cheaper transactions.

Bitcoin is trading at $65,850 and up 6.59% thanks to this network upgrade. BTC has seen positive weekly gains of 6.66%. This has helped BTC rise above its MA price of $61,995.70 (20-days).

2. Ethereum (ETH).

Ethereum has been a popular crypto to purchase for a long period due to its invaluable input into the world of DeFi/NFTs.

Although the Ethereum network has not seen a significant increase in its value, it is showing great promise with the anticipated migration from a Proof-of-work (PoW), consensus algorithm, to a Proof-of-Stake (PoS), mining protocol.

Investors have been able to reap the benefits of the hype surrounding the project, with the most popular altcoin up over 1,000% in an extremely volatile crypto market. Many ETH holders have been keeping an eye out for the possibility that the second most valuable digital asset will tap on the $5,000 mark in the coming days.

The recent launch of Altaire, which brings Ethereum closer to the PoS dream, has fueled Ethereum's steady rise. This has resulted in the addition of new features for the Beacon Chain. ETH has shown steady growth so far and is currently up 3.38% daily.

ETH trades at $4,734, its highest price since launch in 2015. It is trading above the 20 day MA of $4.323.92 and has a relative strength indicator (RSI) of 69.60.

3. Binance Coin (BNB).

Binance Coin is a discount token that can be purchased on Binance, but it's been a popular crypto to purchase since the beginning of the year.

Binance Coin, ticker symbol BNB, started the year at just over $38, but has since risen more than 2,000% to keep its third place on the crypto ranks.

BNB's extraordinary run of form is due to its extensive use on Binance Exchange, Binance Chain and Binance Smart Chain (BSC).

The burn mechanism, which permanently eliminates existing cryptocurrency coins from circulation, has also helped to enforce a supply crunch, further reducing the amount of BNB in circulation and causing an increase in the coin's value.

Popular Bitcoin exchange has recently burnt over $630 million worth BNB coins. There is growing interest in real-time burning.

BNB trades at $643.2 and is currently down 2.03%. However, its seven-day performance has been up 21.23% which indicates strong long-term growth potential. Its 200-day MA price is $417.8. And its overbought RSI is 78.69.

4. Solana (SOL)

Given its increasing market importance in the DeFi space, Solana is another popular crypto to consider buying. Solana's proof-of-stake (PoS), and proof-of history (PoH), timing mechanisms make it one of the most popular protocols in the crypto ecosystem.

After the launch of the IGNITION hackathon, the asset has been gaining interest from a growing number of decentralised applications (dApps). The popular 'Ethereum Killer' also participated in a $100 Million web 3.0 gaming initiative alongside Lightspeed and FTX.

After a strong price rise, Solana’s governance token SOL reached an all-time high of $260 in early today's hours before falling off. SOL trades at $244.70 and is currently down 3.14% from its ATH. A seven-day increase in SOL of 20.59% is a sign that the market is growing confident in the protocol's ability to deliver on a quicker, cheaper, and more sustainable ecosystem.

5. Polkadot (DOT)

Polkadot's heterogeneous network development has meant that it hasn't been much in the news over the past few months.

This asset is a competitor to Ethereum's Ethereum network. It aims to facilitate interoperability and seamless transfers of all asset types using sharding technology.

However, investors have been interested in Polkadot’s token DOT over the past few days due to its rapid rise in value. The DOT token soared to a ATH of $55 at the announcement of its parachain sale and traded in the $50 range most of the weekend.

At press time, DOT is down 1.05% and trading at $52.97. Weekly gains are high at 17.35%. DOT is soaring higher than its 20-day MA of 41.78, much like other top crypto to invest in. It is trading dangerously close at the overbought area of 68.79 with more momentum expected in long-term.

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By: Jimmy Aki
Title: 5 Top Crypto to Buy This Week [BTC, ETH, BNB, SOL, DOT] November 2021 Week 2
Sourced From: insidebitcoins.com/news/5-top-crypto-to-buy-this-week-btc-eth-bnb-sol-dot-november-2021-week-2