Three little-known Ethereum killers with high potential

With over 6,000 cryptos in existence, the cryptocurrency field is competitive to say the least.

While all cryptos are not the same, some can be grouped together in the same category because they carry a similar ambition. This is how there is a category of cryptos called, the “Ethereum killers” or “rivals” of Ethereum. Back to these cryptos chasing Ethereum

The “Ethereum killers”

Ethereum is the second cryptocurrency in the world in terms of capitalization after Bitcoin. Not content with being second, Ethereum also enjoys a very significant head start over other cryptos. Thus, the third largest crypto in the world, Binance Coin, has a capitalization 5 times smaller! This is to say if there is a chasm between Ethereum and other cryptos .

However, this does not prevent the emergence of many cryptos that are developing with Ethereum in their sights. These cryptos are called “Ethereum killers” because of their role as competitors. Like Ethereum, these cryptos are based on a blockchain that allows the development of smart contracts . Smart contracts allow the operation of so-called decentralized applications or Dapps.

In general, when we talk about “Ethereum killers”, several cryptos come to mind such as:

  • Cardano (ADA)
  • The Solana (SOL)
  • The Polkadot (DOT)

But in the shadow of giant Ethereum and its main rivals, other lesser-known cryptos continue to develop and progress.

Three Lesser-Known Ethereum Cryptos (For Now)

Discover three lesser-known Ethereum crypto rivals below with high potential according to analysts. What if one of these cryptos surprises in 2022?

The cryptomonnaie Terra (LUNA) is crazy lately, as evidenced by the performance of its course:

  • 41% over the last 30 days;
  • 58% over the last 60 days;
  • 117% over the last 90 days.

Such performances enabled the Terra crypto move from 14 th up to 10 th in less than a week

The Terra network has different stablecoins such as TerraUSD (USDT). One of the strengths of the Terra crypto is the mechanism that allows it to stabilize the price of its stablecoins .

Currently, many stablecoins use collateral in fiat or crypto currency to stabilize their price. With the stablecoins owned by Terra, things are somewhat different. The LUNA corner plays this collateral role . Basically, if demand is strong in USDT, LUNA coins are turned into USDT to rebalance the balance (and vice versa).

Avalanche (AVAX), current price: $ 87.8

Of the three cryptos presented in this part, the Avalanche coin (AVAX) is probably the least unknown. Indeed, in recent months, Avalanche has made a very nice reconciliation in the world crypto ranking thanks to the exceptional performance of its course:

  • 16% over the last 30 days;
  • 41% over the last 60 days;
  • 86% over the last 90 days.
    At present, Avalanche is the gateway to the top 10 occupying the 12 th spot in global crypto.

One of the reasons crypto Avalanche has been successful is what it has under the hood! The Avalanche network thus uses the innovative protocol called DAG (Directed Acyclic Graph) or in French, directed acyclic graph. This technology is similar to that of Tangle used on the IOTA network and allows:

Better processing speed;
A higher level of scalability;
A very low carbon footprint compared to conventional blockchain protocols.

Fantom (FTM), current price: $ 1.5

Crypto Fantom (FTM) ranks further in the crypto rankings than its other two rivals discussed above. At present, the Fantom area ranks 41 th in the world. Despite an air gap last month, the price of the FTM recovered somewhat:

  • 40% over the last 30 days;
  • 9% over the last 60 days;
  • 14% over the last 90 days.
    One of the peculiarities of the Fantom network is to use the mechanism called Lachesis . Embedded technology allows it to process transactions in less than two seconds ! A real performance when you know that it takes between 5 minutes and 4 hours on the Ethereum network!

So, in the DeFi “game”, who will be the final winner? For many experts, the question would rather be who “will be” the winners? Indeed, given the ambitions carried by DeFi and the billions of potential users, it is logical to think that several networks should coexist . In the meantime, place your bets!