These cryptocurrencies have the potential to perform better than Ethereum in 2023.
Cryptocurrencies are growing in popularity and are now part of the average investment portfolio, even at the institutional level. One of the cryptocurrencies that have shot up in popularity is Ethereum. This is all thanks to Ethereum’s pioneer status in the smart contracts market, a factor that has seen it dominate the Dapps market. However, Ethereum has experienced scaling issues that have seen many competitors enter the market. This could slow Ethereum down in the short term. It makes sense for investors to consider other high-potential cryptocurrencies. This article explores the top 10 cryptocurrencies with better potential than Ethereum in 2023.
Top Ethereum Alternatives For 2023
1. Avalanche (AVAX)
Avalanche has the potential to outperform Ethereum in 2023. Thanks to its amazing scaling capabilities, Avalanche has grown in popularity in the past year. Avalanche can handle up to 4500 transactions per second and is also known for its network stability. This makes it one of the blockchains that could dominate the Dapps market going into the future.
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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
2. Solana (SOL)
Solana is a top cryptocurrency with a reputation for its scaling capabilities. Solana can hit up to 50k transactions per second and is also known for its low fees. Solana’s capabilities have led to an exponential increase in the number of DeFi and NFT projects building on top of it. This makes Solana a cryptocurrency with more potential than Ethereum in 2023.
Read Also: Solana (SOL) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
3. Terra (LUNA)
Terra has grown quite strongly since 2021, and if it continues with its current momentum, will beat Ethereum in 2023. This is evident because LUNA has retested its all-time highs, while Ethereum and other top cryptocurrencies are yet to get there. Terra’s growth has a lot to do with the growing adoption of its algorithmic stablecoins. Since the value of LUNA is linked to the adoption of stable coins in the Terra ecosystem, there is no doubt that LUNA could continue to outperform Ethereum and other top cryptocurrencies in 2023.
Check Out: Terra (LUNA) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
4. Cardano (ADA)
Cardano is one of the top cryptocurrencies giving Ethereum a run for the money. Cardano uses some of the best technologies in blockchain that give it an edge in the Dapps market. For instance, Cardano is secure, decentralized, and can scale much better than Ethereum. After several years of work, Cardano introduced smart contracts, and Dapps are already coming up on the Cardano blockchain. With all its technical capabilities and growing adoption, Cardano is one of the cryptocurrencies with better prospects than Ethereum.
Don't Miss: Cardano (ADA) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
5. Binance Coin (BNB)
Binance Coin is the cryptocurrency that pays fees on Binance, the world’s largest cryptocurrency exchange. Besides its huge use case within the Binance ecosystem, Binance Coin also has coin burns every quarter, which positively affects its value. These coin burns could see Binance coin perform better than Ethereum in 2023.
Read Also: Binance Coin (BNB) Price Predictions
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
6. Polkadot (DOT)
Polkadot is a blockchain that is built to help different blockchains easily interconnect with each other. Polkadot has seen its ecosystem grow over the past year, and with its parachains approach to scaling, is likely to see more adoption in 2023 and beyond. With all this potential, Polkadot is a top 10 cryptocurrency that could beat Ethereum in gains this year.
Check Out: Polkadot (DOT) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
7. Dogecoin (DOGE)
Dogecoin may be a meme coin, but it is also a cryptocurrency that can give investors better returns than Ethereum in 2023. That’s because Elon Musk is as supportive of Dogecoin today as he was in 2021. Recently, Musk became the largest individual shareholder of Twitter, and he is already proposing that Twitter adopt Dogecoin.
Don't Miss: Dogecoin (DOGE) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
8. Shiba Inu (SHIB)
Like Dogecoin, Shiba Inu is a meme coin that could beat Ethereum in 2023. The big catch that could see Shiba Inu outperforming Ethereum is the upcoming launch of a Shiba Inu Metaverse platform. With all the hype around the Metaverse, it is not hard to picture SHIB rallying once the Shiba Metaverse comes alive.
Read Also: Shiba Inu (SHIB) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
9. Ripple (XRP)
XRP has the potential to give investors a higher return than Ethereum in 2023. While it has underperformed the market for the last two years, this is mainly due to the case by the SEC against Ripple. If the case ends in Ripple’s favour, as many analysts are speculating, XRP could outperform Ethereum and most of the top 10 cryptocurrencies in 2023.
Check Out: Ripple (XRP) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
10. USD Coin (USDC)
USD Coin is a stablecoin, and as such, it is easy to wonder, how can it perform better than Ethereum in 2023? Well, at the moment, the market is yet to find a clear direction, and there is no telling whether these conditions could remain for the rest of 2023. Under these conditions, holding a stable coin like USDC could be a better bet. Besides, USD Coin can be invested in DeFi and earn a predictable passive income.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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