There are coins that have explored the Cannabis theme to gain some level of appeal to specific types of investors.
Additionally, there’s a new republican-led bill intended to legalize and tax marijuana as an alternative to democratic measures.
Here, Cannabis would be federally descheduled and treated in a manner similar to alcohol.
We will be going over PotCoin POT/USD, CannabisCoin CANN/USD, and HempCoin THC/USD and see which one of these coins is worth investing in.
Should you buy PotCoin (POT)?
On November 10, POT had a value of $0.024.
To better understand what kind of value point this is for the coin, we’ll see its all-time high value and analyze its performance in October.
POT had an all-time high of $1.75 on May 3, 2018. Here we can see that the coin has dropped in value by $1.726 or by 98% since its all-time high value.
POT’s value in October had its lowest point on October 7, when the coin fell to $0.0094.
Its highest point was on October 15, when the coin reached a value of $0.021.
Here, we can see that from October 7 to October 15, the coin grew by 123%.
Additionally, from October 15 to November 10, the coin grew by another 14% or by $0.003.
With this in mind, POT has the potential to reach $0.030 by the end of November, making it a solid buy.
Should you buy CannabisCoin (CANN)?
On November 10, CANN had a value of $0.0246.
To see what kind of value this currently is for the coin and to get an indication about its potential growth, we’ll go over it’s all-time high value as well as its recent performance in October.
CANN had its all-time high on December 31, 2017, at $0.354127. This signals a $0.329527 decrease in value or by 93%.
On October 1, CANN had its lowest point of October at $0.01694.
On October 8, it had its highest value point at $0.03203. Here, we can see an increase in value of 89% or by 0.01509.
With its price point on November 10, we can expect it to reach $0.03 by the end of November if it keeps up this momentum, making it a solid buy.
Should you buy HempCoin (THC)?
On November 10, THC had a value of $0.0122.
To see what kind of value point this is for the coin, we’ll go over it’s all-time high value as well as its performance in October.
THC had its all-time high on May 3, 2018, when it reached a value of $5.36. This puts its value on November 10 99% lower, or by $5.3478.
When it comes to the coin’s performance in October, on October 1, the coin had its lowest point at $0.0077.
The coin’s highest point was on October 19, when it reached a value of $0.0175. Here, we can see an increase of $0.0098 or by 127%.
With this in mind, THC can potentially reach $0.018 by the end of November, making it a solid buy.
The post Top 3 Cannabis-Themed Coins to invest in November 2021 appeared first on Invezz.
from Market Analysis – Invezz
