While Ethereum Is Dealing With Scaling Issues, Some Of Its Competitors Are Way Ahead Of The Game. Here Are Seven Cryptocurrencies That Could Give Better Returns Than Ethereum.
Ethereum is the number one smart contracts cryptocurrency in the market today. The majority of the cryptocurrencies in the market today run on the Ethereum blockchain, thanks to its ERC-20 standard. Ethereum continues to gain popularity, especially among investors looking to mint NFTs.
Despite Ethereum's market dominance, it has seen increased competition from newer, more efficient blockchains. A lot of the Ethereum competitors are capitalizing on its scaling issues.
While Ethereum is working on dealing with its scaling issues, it is unlikely to hit the throughputs of most of its competitors. As such, some of Ethereum's competitors have the potential to outperform it in the short to medium term.
To maximize your returns, here are seven cryptocurrencies with better investment potential than Ethereum in 2022.
Solana hit the market in 2020 and has become one of the best-performing platform blockchains. In 2021, Solana gave investors a return of 12,000% and is still showing signs of a potential rally despite the correction for most of 2022. Solana's potential comes from its fast-growing ecosystem of DeFi and NFT projects.
As these two markets gain traction, Solana has the potential to rally and emerge as one of the top performing cryptocurrencies in 2022. Already multi-million-dollar investments are flowing into Solana NFT and DeFi projects. It all points to the direction Solana could take in the future.
Besides, Solana is getting better in terms of network stability. In 2021, Solana experienced two network outages, but for most of 2022, it has been stable. This will likely drive up investor interest in Solana, further pointing to Solana's potential as a cryptocurrency to buy and hold in 2022.
Read Also: Solana (SOL) Price Prediction
Avalanche is another top cryptocurrency that could beat Ethereum in 2022. In the 2021 bull run, Avalanche beat Ethereum by a huge margin. Given its growing levels of adoption, there is every indication that Avalanche has what it takes to become a top-performing cryptocurrency in 2022.
One thing that stands out about Avalanche is its high throughput and network stability. Avalanche can handle up to 4500 transactions per second and has been consistently stable since launch.
This has seen Avalanche's DeFi and NFT projects ecosystem grow to one of the largest in the cryptocurrency market. Avalanche has also entered the fast-growing Metaverse space, and adoption is growing. Several high-profile projects have come up on the Avalanche Metaverse. Among them are Avaxtars, Kalao, and Heroes Chained.
Don't Miss: Avalanche (AVAX) Price Prediction
Terra is one of the newer blockchains giving Ethereum a run for the money. While Terra only became popular in 2021, it now has one of the highest Total Value Locked. It indicates that Terra's adoption in DeFi is on an exponential growth trajectory.
Terra's biggest value driver is its ever-expanding stablecoins ecosystem. Today, Terra-based stablecoins are among the largest cryptocurrencies in the market. For instance, Terra USD (UST) is the 12th largest cryptocurrency by market capitalization, with $18.147 billion.
Since LUNA tokens are directly linked to the adoption of Terra stablecoins, chances are it is a cryptocurrency with better prospects than Ethereum.
Check Out: Terra (LUNA) Price Prediction
Bitgert is a new cryptocurrency that could make investors rich, and for a good reason. Bitgert is a platform blockchain with one of the highest throughputs in the market and low fees. Bitgert can handle up to 100k transactions per second and some of the lowest gas fees in crypto, as low as $0.0000001 per transaction.
While it is a new cryptocurrency, Bitgert already has a community of over 100k, and the numbers are growing. With its fast-growing adoption, Bitgert is a top cryptocurrency that could beat Ethereum this year.
Cardano was just a whitepaper in 2017. Five years later, it is not only a top 10 cryptocurrency by market cap but also one of the biggest Ethereum competitors. Cardano's fast rise has a lot to do with the highly advanced nature of its consensus algorithm.
Cardano uses a peer-reviewed consensus algorithm called Ouroboros. The Cardano team also recently introduced smart contracts, and cryptocurrencies are already building on top of the Cardano blockchain. With adoption on the rise, Cardano is a cryptocurrency that could outperform Ethereum in 2022, and by a huge margin.
Don't Miss: Cardano (ADA) Price Prediction
Polkadot is a platform blockchain that is leading the way in Web 3.0. Polkadot easily beats Ethereum on key metrics such as energy efficiency and transaction speeds.
Polkadot uses side chains known as parachains, a factor that makes it almost infinitely scalable. With Web 3.0 on an exponential growth path, Polkadot is a top cryptocurrency that could be a better investment than Ethereum.
Check Out: Polkadot (DOT) Price Prediction
Tezos is a platform blockchain known for its scalability, energy efficiency, and high level of security. Tezos is also highly adopted and has a fast-growing ecosystem of projects, especially NFTs. For instance, Tezos is used by Formula one for its NFTs. As adoption grows, coupled with Tezo's technical superiority, there is no doubt that it is a popular cryptocurrency that is better than Ethereum.
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