While Ethereum is grappling 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 contract cryptocurrency on the market today.
Most cryptocurrencies on 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 NFT.
Despite Ethereum’s market dominance, it has seen increased competition from newer and more efficient blockchains.
Many of Ethereum’s competitors are capitalising on its scale issues.
While Ethereum is working to deal with its scale issues, it is unlikely to reach the returns of most of its competitors. As such, some of Ethereum’s competitors have the potential to outperform in the short to medium term.
To maximise your returns, here are seven cryptocurrencies with better investment potential than Ethereum in 2022.
SOLANA (SOL)
Solana came to market in 2020 and has become one of the best performing platform blockchains.
In 2021, Solana gave investors a 12,000% return and still shows signs of a potential rebound 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 rebound and emerge as one of the top-performing cryptocurrencies in 2022. Already, multi-million dollar investments are flowing into the Solana NFT and DeFi projects. Everything points to the direction Solana could take in the future.
In addition, Solana is improving in terms of network stability. In 2021, Solana experienced two grid outages, but for most of 2022, it has been stable. This is likely to increase investor interest in Solana, further pointing to Solana’s potential as a cryptocurrency to buy and hold in 2022.
AVALANCHE (AVAX)
Avalanche is another top cryptocurrency that could beat Ethereum in 2022. In the 2021 bull run, Avalanche beat Ethereum by a large margin. Given its growing adoption levels, all indications are that Avalanche has what it takes to become a top-performing cryptocurrency in 2022.
One thing that stands out about Avalanche is its high performance and network stability. Avalanche can handle up to 4500 transactions per second and has been consistently stable since its launch.
This has seen Avalanche’s ecosystem of DeFi and NFT projects grow to become 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 appeared in the Avalanche Metaverse. These include Avaxtars, Kalao and Heroes Chained.
TERRA (MOON)
Terra is one of the newest blockchains giving Ethereum a run for its money. While Terra only became popular in 2021, it now has one of the highest total blockchain values. 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 on the market. For example, Terra USD (UST) is the 12th largest cryptocurrency by market capitalisation, with $18.147 billion.
Given that LUNA tokens are directly linked to the adoption of Terra stable coins, it is likely to be a cryptocurrency with better prospects than Ethereum.
BITGERT (BRISE)
Bitgert is a new cryptocurrency that could make investors rich, and for good reason. Bitgert is a blockchain platform with one of the highest yields on the market and low fees. Bitgert can handle up to 100k transactions per second and some of the lowest gas fees in cryptocurrency, 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 one of the top cryptocurrencies that could overtake Ethereum this year.
CARDANO (ADA)
Cardano was just a whitepaper in 2017. Five years later, it is not only one of the top 10 cryptocurrencies by market capitalisation, but also one of Ethereum’s biggest competitors. Cardano’s rapid 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 being built on the Cardano blockchain. With adoption on the rise, Cardano is a cryptocurrency that could overtake Ethereum by 2022, and by a large margin.
POLKADOT (DOT)
Polkadot is a blockchain platform that is leading the way in Web 3.0. Polkadot easily outperforms Ethereum on key metrics such as energy efficiency and transaction speeds.
Polkadot uses side chains known as paracains, a factor that makes it almost infinitely scalable. With Web 3.0 on a path of exponential growth, Polkadot is a superior cryptocurrency that could be a better investment than Ethereum.
TEZOS (XTZ)
Tezos is a blockchain platform 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 NFT. For example, 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.