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November Rewind: What Happened to Moonvember?

Bitcoin did not have the November that pundits were hoping for after Uptober lived up to its name.

The king of crypto did hit a new all-time high of just under $69k, but overall, it dropped about 6% over November with a lot of the damage coming with the new information about another covid variant spreading.

It was not all bad for the crypto sector though, as blockchain gaming and the metaverse took center stage with many assets exploding over the past month, much like the meme coin explosion last month, which has somewhat subsided as we will see.

November wasn't the best month for crypto.

In this monthly segment we will be looking at the top gainers and losers of the month. This will be done in terms of dollar value with a focus on percentage gains of coins within the top 100 by market capitalization. We will also look at one asset in close detail each month, whether it is the biggest gainer or one to keep an eye on. The fast growth of the crypto and blockchain industry in 2021 means that there are more assets than ever that deserve attention and are experiencing notable gains and losses.

Each month we will also take a look at Bitcoin’s performance, and how it has performed both compared to last year at this time, and its comparative performance to the Dow Jones and S&P 500 Index.

Let us look at the biggest winners and losers of the past month.

Biggest Dollar Increases

Even though Bitcoin had an overall decline this month, we still had many assets experience notable growth, especially in the blockchain gaming sector.

Here are the biggest gainers from the past month:

  • Avalanche (AVAX), ranked 11th, had a fantastic November with over 97% gained, hitting new highs multiple times and currently trading around $122.92 a piece.
  • Coin (CRO), ranked 14th, had an enormous November, the native asset of Exchange and the Cronos blockchain gained over 225%, and hit a new high of almost $1, but is now trading around 69 cents a piece.
  • Decentraland (MANA), ranked 23rd, continued its momentum from October, in which it gained 300%, by gaining another 70% in November. MANA is now trading around $4.64 a piece after hitting a new high last week.
  • The Sandbox (SAND), ranked 38th, also continued its October momentum into November, following its 160% gain with another 351% gained and hitting a new high of $8.51 last week. SAND is currently trading around $6.77 a piece.
  • Gala (GALA), ranked 45th, is our biggest gainer for November with a ridiculous gain of over 560%. It hit a new high of over 83 cents last week and is currently trading around 62 cents a piece.
  • Loopring (LRC), ranked 50th, is our second biggest gainer for November with over 390% gained. It hit a new of $3.83 earlier in the month and is currently trading around $2.77 a piece.
  • Kadena (KDA), ranked 68th, has gained over 147% in November. It hit a new high of $28.25 early in November but is currently trading around $16.12 a piece.
  • IoTeX (IOTX), ranked 85th, has gained over 120% in November and hit a new high of over 26 cents on November 13th, but is currently trading around 15 cents a piece.
  • WAX (WAXP), ranked 90th, had a strong November with over 60% gained and is currently trading around 72 cents a piece, but is nowhere close to its over $4 high from 4 years ago.
  • Livepeer (LPT), ranked 98th, has gained over 94% in November and hit a new high of $100.24 on November 9th, but it has since fallen to about $52.69 a piece.

Coin of the Month: Coin (CRO) has exploded over the past month, gaining over 225% and hitting new highs of over 96 cents. CRO is the core coin of Exchange. CRO is meant to complement the ecosystem by allowing individuals to opt into a variety of different tiers of benefits within the ecosystem.

CRO has its own blockchain that offers plenty of staking benefits to users and is becoming increasingly viable as an ecosystem called Cronos. CRO had a huge boost when it was announced that the long time Staples Center in Los Angeles was to be rebranded as Arena.’s complete offering includes buying and selling with government money, trading (exchange), a VISA debit card, lending and borrowing, automated trading, and a non-custodial wallet, along with a blossoming blockchain ecosystem.

Biggest Dollar Decreases

As you might expect with Bitcoin down about 5% for November, there are quite a few assets with notable losses.

Here are the biggest losers from the past month:

  • Cardano (ADA), ranked 5th, has lost about 10% over the past month, seemingly stuck in consolidation after hitting a new high in September. ADA is trading around $1.58 a piece.
  • Dogecoin (DOGE), ranked 10th, has lost over 17% during November, but it reclaimed the lead over SHIBA INU in terms of market cap. DOGE is trading around 21 cents a piece.
  • SHIBA INU (SHIB), ranked 12th, has lost over 27% in November after gaining an outrageous 850% in October. SHIB is trading around 0.000047 cents a piece.
  • Cosmos (ATOM), ranked 37th, has lost over 23% in November and ATOM is currently trading around $27.90 a piece.
  • Fantom (FTM), ranked 40th, has lost over 19% in November after gaining over 90% in October. FTM is currently trading around $2.13 a piece.
  • PancakeSwap (CAKE), ranked 54th, has lost about 19% in November after it lost 10% last month and it is trading around $14.04 a piece.
  • BitTorrent (BTT), ranked 57th, has lost over 23% this month and it is currently trading around 0.003 cents a piece.
  • THORChain (RUNE), ranked 62nd, has lost over 17% in November after gaining 85% in October. RUNE is currently trading around $11.24 a piece.
  • Quant (QNT), ranked 69th, has lost over 26% this month after losing 10% in October and it is trading around $204.51 a piece.
  • Waves (WAVES), ranked 70th, has lost over 18% in November and the native asset of Waves Exchange is currently trading around $21.43 a piece.
  • OMG Network (OMG), ranked 93rd, is our biggest loser for November with over 33% lost. OMG is currently trading around $8.74 a piece.

Will December Bring Gains Back for Bitcoin?

While Uptober lived up to its name for Bitcoin and most of the crypto market, November was not so kind to the king of crypto.

While Bitcoin did hit a new high of just under $69k earlier in the month, it was short-lived, and Bitcoin started to fall, before hitting a low of under $54k for the first time in over a month with the news of another covid variant entering society. Overall, it has been a loss of about 5%. BTC has recovered some of its losses and is currently trading around $57.4k.

Bitcoin Loses to Traditional Markets

Bitcoin has lost about 5% this month, meaning for the first time in a while it is actually doing worse than the traditional markets for a longer timeframe.

The Dow Jones Industrial Average lost a little over 5% in November, while the S&P 500 Index has lost a little over 1%. Of course, the king could flip that narrative around rather quickly, but what happens with the new covid variant will be a big factor for all world markets, whether crypto or traditional.

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About the Author

Evan Jones

Evan Jones was introduced to cryptocurrency by fellow CryptoVantage contributor Keegan Francis in 2017 and was immediately intrigued by the use cases of many Ethereum-based cryptos. He bought his first hardware wallet shortly thereafter. He has a keen and vested interest in cryptos involving decentralized backend exchanges, payment processing, and power-sharing.

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