There is a lot of activity when it comes to Proof-of-Stake (PoS) cryptocurrencies, where the most popular options include Cardano (ADA/USD), Ethereum (ETH/USD), and Algorand (ALGO/USD).
Vitalik Buterin, the co-founder of Ethereum, added a new category of milestones to the technical roadmap and introduced the Scourge in an expanded six-partechnical roadmap.
We covered how Algorand was the chosen blockchain on top of which FIFA+ Collect was created, which is a digital collectible platform that lets fans have blockchain ownership of iconic football game moments.
The FIFA World Cup 2022 is scheduled to take place in Qatar from November 20 to December 18, 2022, and fans are jumping into the app, fueling interest in Algorand as well.
Dogecoin co-creator Billy Markus and Cardano Founder Charles Hoskinson had a feud on Twitter. However, they decided to bury the hatchet following their heated exchange, however, this did bring attention to ADA.
Additionally, Input Output, the development team behind Cardano, has expanded its team and appointed Dr. Vanishree Rao as the head of applied cryptography.
From May 2017 to December 2018, Dr. Rao worked as a senior cryptographer for Intertrust Technologies Corporation.
Should you buy Cardano (ADA)?
On November 8, 2022, Cardano (ADA) had a value of $0.3864.
When we take a look at the all-time high for the ADA cryptocurrency, we can see that it climbed to a value of $3.09 on September 2, 2021. Here we can see that at its ATH, the token was $2.7036 higher in value, or 699% higher.
In terms of the 7-day performance, its low point was at $0.381090, while its high point was at $0.433695. Here we can see a difference in the value of $0.052605 or by 14%.
In terms of the 24-hour performance, its low point was at $0.377999, while its high point was at $0.415941. This marks another increase at $0.037942 or by 10%.
Buying ADA is a solid option for investors as it can climb to $0.42 by the end of November 2022.
Should you buy Ethereum (ETH)?
On November 8, 2022, Ethereum (ETH) had a value of $1,489.90.
The all-time high of Ethereum (ETH) was on November 10, 2021, when the cryptocurrency reached a value of $4,878.26. Here we can see that at its ATH, ETH was $3,388.36 higher in value, or 227% higher.
However, looking at the 7-day performance, the low point was at $1,470.10, while the high point was at $1,659.61. Here we can see a $189.51 increase or 13%.
When we go over the 24-hour performance of the cryptocurrency, Ethereum (ETH) had its low point at $1,454.95. However, its high point was at $1,606.76. Here we can see a difference of $151.81 or by 10%.
With this in mind, buying ETH is a solid option, as it can reach $1,550 in value by the end of November 2022.
Should you buy Algorand (ALGO)?
On November 8, 2022, Algorand (ALGO) had a value of $0.3901.
ALGO/USD Chart by Tradingview.
The all-time high of Algorand (ALGO) was on June 20, 2019, when it reached a value of $3.56. Here, the token was trading $3.1699 higher in value, or 812% higher.
In terms of the 7-day performance, Algorand (ALGO) had its low point at $0.346179, while the high point of value was at $0.445237. This marks a bullish outlook for the token, with an increase of $0.099058, or by 28%.
Taking a look at the 24-hour performance, Algorand (ALGO) had its low point at $0.375713, while the high point was at $0.446960. ALGO has carried on with its growth by $0.071247 or by 19%.
Investors might want to buy ALGO as it can climb to $0.45 by the end of November 2022.