With the new bullrun in sight, there are new opportunities to achieve high returns in the crypto market. In recent months, the so-called “Ethereum killers” have proven to be extremely good investment opportunities. What is the status of these cryptocurrencies and what does their future look like? Let’s find out 😉
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#1 Ethereum Killer – Cardano ADA
We’ve talked a lot about Cardano in the past few weeks. The ADA token made a strong jump in price even before the big Bitcoin rally a few weeks ago. This was due to the announcement of the details of the new major update at Cardano – Basho. Basho is the next big step in the development of the Cardano blockchain.
Basho increases the scalability of the blockchain. Cardano should thus achieve an unprecedented transaction speed of up to 100,000 transactions per second. Overall, the efficiency of smart contracts and the blockchain in general increases massively. Cardano could actually become a serious Ethereum competitor and a true Ethereum killer in 2022.
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#2 Solana SOL
Solana was the fourth quarter’s shooting star in the crypto market. The SOL token has made a massive ascent in recent months, even outperforming Cardano’s ADA token. Above all, the high speeds of up to 10,000 transactions per second made Solana so popular and made the blockchain an “Ethereum killer”.
Now is an ideal time to jump into these Ethereum killers. Buy these cryptocurrencies on crypto exchanges Binance , Coinbase , Kraken and Bitfinex !
Despite the successes on the market, the Solana network is repeatedly plagued by problems. Thanks to the proof-of-history consensus mechanism, the blockchain can process transactions super fast. But there are always problems with network overload. The network has crashed again in the past few days. Solana needs to address these issues to stay relevant in 2022.
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#3 Avalanche AVAX
The third “Ethereum killer” that also hit screens at the end of the year is Avalanche. This network also stood out due to its high transaction speeds and high scalability. The AVAX token made it into the top 10 cryptocurrencies in the last few weeks of 2021.
In the last few weeks, Avalanche has been a little out of breath. While the number of applications running on smart contracts increased overall, the total locked value (TLV) fell by an overall 20% in January. Avalanche has to prove itself as an “Ethereum killer” in the face of strong competition in the coming months.
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