Ethereum-Killer: 3 cryptocurrencies that want to drop a market leader in the asset class

• Ethereum: The second most important cryptocurrency that Bitcoin exceeded in 2021 percentage
• Cardano: An Ethereum rival
• Solana could be another killer
• Polkadot is also in the race
• Ethereum and the killers include four of the nine best cryptos

The aspiring cryptocurrency assistance reflects the groundbreaking development of FinTech, a revolution that has created a connection between technology and the financial status quo.

In the center of this status quo, money is, an important medication. In biblical times there were many goods that had an inner value. The word " content " comes from the Latin " sal " or salt. Soldiers of the Roman army were often paid for with salt instead of other forms of money. The monthly allowance was “ salarium .”

and are a form of money or medium -to -be from pre -biblical times. There are many indications of precious metals in the Old Testament. Today, central banks and governments continue to keep gold as an integral part of their foreign exchange reserves, which confirms the role of gold in the global financial system.

The leading currencies of the world obtain their value from full trust and creditworthiness of the countries that print the legal means of payment. Governments have the power to expand and shrink the money supply to pursue economic and political goals. The saying " The love of money is the root of all evil " comes from 1. Timotheus 6:10 in the King James version of the Bible. The control of the money by the national government is a root of power. Since the investment class acts cryptocurrency regardless of state control and threatened power.

While blockchain technology is almost universally accepted, the cryptocurrency token acceptance is a different story. The fastest and most efficient protocols get a lot of attention. (ETH) was leading, but (ADA), (Sol) and (dot) are Ethereum as an established rival on the heels. Some market participants call them the " Ethereum killer ." Ethereum and the killers are top class cryptocurrencies.

Ethereum: Bitcoin exceeded the second largest cryptocurrency in 2021 percentage

When most people think of cryptocurrencies, it comes to mind. Kleenex may be the brand name of the Tissue product of a company, but many call every tissue as kleenex -the brand name has become a generic article. Similarly, Bitcoin took this position in the crypto investment class.

In the meantime, Ethereum Bitcoin was close to his heels in 2021 and has exceeded the leader since the end of 2020 percentage. On December 31, 2020, Bitcoin was $ 29,138, Ethereum $ 742 per token. On September 21, Bitcoin was 43.9% higher at $ 41,940, and at the time of publication, the token was traded at the level of $ 43,900, which increased this acceleration to 51%. Ethereum did even better. Since the end of 2020, the second crypt has risen by $ 288.8 % to $ 2,885 per token on September 21, 3,125 before publication, which corresponds to an increase of 321 %.

The rise of Ethereum came when the market started to support its faster and more efficient protocol compared to Bitcoin. Bitcoin uses a proof-of-work mining protocol, while Ethereum changes to a proof-of-stake network.

In addition, Ethereum is in a world that focuses on climate change and CO2 footprints, far less energy-intensive. Bitcoin is the forefather of the blockchain, while Ethereum is the development of the revolutionary effects of the investment class on the financial markets.

The technology is currently moving at the speed of light. A few decades ago, only a few believed that we would run around in our pocket with a powerful computer in the form of a smartphone.

Three cryptocurrency protocols are Ethereum close to the heels these days. They have some market observers than that. Described Ethereum-Killer .

cardano: an Ethereum rival

Ethereum has recorded an increase of more than 300% since the end of last year, but Cardano (ADA) has developed significantly better. On September 22nd, Ada token at the level of $ 2.04 with a market capitalization of $ 65.5 billion were traded coin for a market capitalization of $ 72 billion.

Source: Coinmarketcap

The graphic shows that Ada-token 2020 closed $ 0.1753. At the current level, the digital currency has increased by breathtaking 1214%.

as protocols are Cardano and Ethereum. Both offer blockchains for custom programming logic or smart contracts and decentralized functions.

cardano and Ethereum use different blockchains. Many market participants believe that Cardano offers more flexibility because it is a third generation cryptocurrency that offers improved security and scalability. The Cardano website describes the protocol that makes it a rival of Ethereum.

Solana could be another killer

Solana (SOL) on September 22nd was the seventh largest cryptocurrency with a market capitalization of $ 38.39 billion at $ 128.72 per token. At the time of publication, it remains in seventh place, but has risen to $ 148.5 per token, which corresponds to a current market capitalization of $ 44.21 billion.

Source: Coinmarketcap

The graphic illustrates the increase in SOL from USD 1.8421 on December 31, 2020 to $ 128.72 on September 22nd, an explosive increase, which SOL drove almost 70 times higher in 2021, now more than 8000%.

like Ethereum offers the Solana Smart Contracts protocol, but Sol is a direct competitor. Recent studies show that Solana is faster than Ethereum and processes 50,000 transactions per second or more compared to the 15 to 45 transactions per second from Ethereum. Faster is better in the world of cryptocurrencies.

The Solana website claims that it is the "fastest blockchain in the world and the fastest growing ecosystem".

polkadot is also in the race

On September 22nd, Polkadot (DOT) was the ninth leading cryptocurrency; At the time of publication it moved to eighth place. At the time of $ 27.90 per token, 3 $ 31.88, the market capitalization of DOT was $ 27.38 billion; Currently $ 31.28 billion.

Source: Coinmarketcap

The DOT was at the level of $ 8,0368 at the end of 2020. At $ 27.90 on September 22nd, he was over 247% higher; Since the publication, it has increased even more, almost 300%.

With polo cadots claim for fame, everything revolves around scalability. Polkadot uses Shards or "Parachains" that can process transactions in parallel, which enables more transactions per second compared to Ethereum.

Polkadots website says that it is "on the right track to provide the most robust platform for security, scalability and innovation".

Ethereum and the killers include four of the nine best cryptos

ada, Sol and Dot offer all unique advantages in their endeavor to replace Ethereum as a second -leading protocol. The three are in the top 9 of 12,037 cryptocurrencies (as of September 23).

Top 9 Kryptos of September 23, 2021

Source: investing.com

The graphic shows that the three potential Ethereum killers currently have a combined market capitalization of $ 149.22 billion, compared to etheruses $ 370.30 billion.

The fast-moving asset class means that the crypto hierarchy can change the positioning every day, since the price volatility can be head. At the same time, fintech is still in its infancy.

Even if Ada, Sol or Dot manage to overtake Ethereum or even Bitcoin, there will be new logs in the coming months and years that provide even more attractive functions.

Meanwhile,

Ethereum still has a lot of living with a market capitalization of over a third Billion dollar, although the murderers are trying to discontinue the second cryptocurrency.