Best Proof-of-Stake Tokens worth your investment: Elrond, Algorand Cosmos

By: Invezz

Elrond EGLD/USD is a scalable, fast, and secure blockchain platform for distributed applications that incentivizes a distributed network of computers to run a smart contracts platform.

Algorand ALGO/USD is a decentralized blockchain technology network that establishes decentralization and transactions without a central authority.

Cosmos ATOM/USD is a cryptocurrency that powers an ecosystem of blockchains designed to scale and interoperate.

Should you invest in Elrond (EGLD)?

On November 11, Elrond (EGLD) had a value of $326.53.

To get a better perspective as to what kind of value point this is for the token, we will be going over its all-time high value as well as its performance in October.

Its all-time high value was achieved on November 10, when the token reached a value of $343.39. This made the token $16.86 higher in value or by 5%.

On October 1, EGLD was worth just $206.91.

Its highest point of the month was on October 25, when the token reached a value of $296.37.

Here, we can see an increase in value by $89.46 or by 43%.

With this in mind, we can expect EGLD to reach $350 by the end of November, making it a solid PoS token to invest in.

Should you invest in Algorand (ALGO)?

On November 11, Algorand (ALGO) had a value of $1.97.

To see what this value point means for the token and how far it can climb, we’ll go over it’s all-time high value as well as its performance in October.

ALGO had its all-time high value on June 20, 2019, when the token’s value jumped to $3.56. This put the token $1.59 higher or 80% higher in value at its ATH than its value on November 11.

On October 1, ALGO had a value of $1.6.

Its highest point was on October 4, when the token reached a value of $2. Here we can see a jump of $0.4 in value throughout that time span.

With that in mind, we can expect the token to reach a value of $2.2 by the end of November, making it a solid PoS token to invest in.

Should you invest in Cosmos (ATOM)?

On November 11, Cosmos (ATOM) had a value of $33.41.

With the goal of getting a perspective as to what kind of value point this is for the token, we will go over its all-time high-value point as well as its performance in October.

Cosmos (ATOM)’s all-time high value was achieved on September 20, when the token reached $44.42.

Here we can see that the token was $11.01 higher in value or by 32% at its all-time high point.

On October 12, ATOM had its lowest value point at $30.22.

Its highest value point was on October 27, when the token reached a value of $43.22.

This is a price difference of $13 or 43%.

That said, ATOM has the potential to reach $40 by the end of November, making it a worthwhile investment.

The post Best Proof-of-Stake Tokens worth your investment: Elrond, Algorand Cosmos appeared first on Invezz.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.