Ethereum has been the most popular open-source platform in the blockchain industry. The native token of this platform, ETH, is the only next to Bitcoin based on market cap. Ethereum is a worldwide platform for apps, games, financial services, etc.
However, the remarkable success of Bitcoin and Ethereum let many other blockchain protocols and cryptocurrencies come to challenge the throne of ETH in the blockchain industry. Many consider these coins or platforms as “Ethereum killers”, which can be potential investments to generate enormous profits. This article will introduce you to the best five Ethereum killer projects to stand over in 2022.
What makes Ethereum killer projects attractive investment assets?
These assets come into the marketplace with the same ideas as Ethereum, sometimes offering more scalability, lower transaction costs, and faster transactions. In most cases, these assets solve issues with Ethereum, which makes them more attractive and potential investments for individuals worldwide. These projects enable several ways to make real cash from the marketplace, including creating NFT, staking or lending, gaming, trading, investing, etc.
The best five Ethereum killer projects to stand over in 2022
More than 1600+ crypto coins circulate in the marketplace with an approximate market cap of $2 trillion. Investors worldwide are making rapid investments in this sector as the hype of the crypto-verse is going on. Many projects and platforms are already challenging the domination of Ethereum and might take away the throne in the long run.
The remarkable five among them are:
- Solana (SOL: $33.6B)
- Polkadot (DOT: $20.3B)
- Avalanche (AVAX: $22.1B)
- Binance (BNB: $68.7B)
- Cardano (ADA: $38.7B)
Fully diluted market cap: $54,251,620,354
Live market cap: $33,655,857,039
Solana is a fast-growing blockchain platform that many consider an Ethereum killer. It can process 50,000 transactions per second (TPS), whereas Ethereum only processes 15-45 TPS. The officially launching period of this platform is in Mar 2020 by the Solana foundation. The most important person behind creating Solana is Anatoly Yakovenko. The native token of this platform SOL price is floating near $106.17 today with a 24-H trading volume of $2,660,005,101.
Circulating supply: 317,630,445.35 SOL
Total supply: 511,616,946 SOL
Max supply: not available
Volume / market cap: 0.07883
Does SOL have the potential to grow?
SOL token made a high near $267.52 in Nov 2020. Since then, it has been declining and finds support near $81 and bounces back. Many experts anticipate the average price of this token might reach near $142 by Dec 2022.
Fully diluted market cap: $22,719,956,929
Live market cap: $20,381,251,815
Polkadot can be an Ethereum killer project as it solves the scalability and cost issues of Ethereum. It facilitates the cross-chain transfer of any asset or data types alongside allowing blockchains to be interoperable. The first ICO period of this platform is Oct 2017. The native token of this platform DOT price is floating near $20.63 today with a 24-H trading volume of $1,700,381,509.
Circulating supply: 987,579,314.96 DOT
Total supply: 1,103,303,471 DOT
Max supply: not available
Volume / market cap: 0.08334
Does DOT have the potential to grow?
The price of DOT has been declining after making a higher high near $55.95 in Nov 2021. This token finds support near $15.88 and might be heading toward the previous high or above that level by Dec 2022.
Fully diluted market cap: $35,573,698,276
Live market cap: $22,139,618,448
When you mature it by time-to-finality, Avalanche is the fastest smart contract platform in the blockchain industry. It contains over four hundred individual projects and the launching period of this Ethereum killer platform is Sep 2020. The native token of this platform AVAX price is floating near $90.34 today with a 24-H trading volume of $1,765,664,914.
Circulating supply: 245,277,495.99 AVAX
Total supply: 395,891,290 AVAX
Max supply: not available
Volume / market cap: 0.08024
Does AVAX have the potential to grow?
This platform is attractive to investors for many positive features. The price finds support near $53.16 after a sharp decline from the previous peak near $132. The price bounces from that support and might head toward the previous high.
Fully diluted market cap: $68,708,645,829
Live market cap: $68,708,646,200
When you measure it by daily trading volume, Binance is the largest cryptocurrency exchange platform. The launching period of Binance is Jul 2017. The CEO and founder of this platform is Changpeng Zhao. The native token of this platform BNB price is floating near $418.7 today with a 24-H trading volume of $2,107,624,587.
Circulating supply: 165,116,760.89 BNB
Total supply: 165,116,761 BNB
Max supply: 165,116,760 BNB
Volume / market cap: 0.03088
Does BNB have the potential to grow?
This Ethereum killer platform can be a potential investment. Many crypto experts anticipate the price of this token might rise to $642.35 by Dec 2022.
Fully diluted market cap: $51,871,283,696
Live market cap: $38,722,050,275
Cardano is a proof-of-stake blockchain platform that declares goals to allow “visionaries, innovators, and changemakers” to bring about positive global change. The native token of this platform ADA price is floating near $1.15 today with a 24-H trading volume of $1,996,464,682.
Circulating supply: 33.59B ADA
Total supply: 34,085,668,605 ADA
Max supply: 45,000,000,000 ADA
Volume / market cap: 0.05184
Does ADA have the potential to grow?
ADA finds support near $0.92 from the peak of Sep 2021. Many crypto experts predict the average price of this token might hit $1.43 or above by Dec 2022.
Pros and cons
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These assets come after the ETH and now challenging the throne as these are more scalable, faster, and cheaper. Whether any of these assets overtop ETH or not, these assets are potential investments as long as the crypto hype remains intact.