The narrative around Ethereum has shifted, ETH is on a tear, and competing coins appear to be benefiting as well. Will it last?
As Ethereum regains lost ground in the crypto bear market, so too are some of its biggest competitors.
Solana, Avalanche, Algorand, Polkadot, and Cardano—sometimes referred to as “Ethereum killers” because they offer similar features to the leading smart-contract network but at significantly lower costs—are climbing.
Solana’s native cryptocurrency SOL is up 11% in the past 24 hours and has spiked 36% in the past week, per CoinMarketCap data. Avalanche has also seen massive gains, with AVAX climbing 10% in the past day and pumping roughly 43% in the past week.
The native coins of other blockchains, like Algorand, Polkadot and Cardano, have seen more modest gains but are likewise climbing. Algorand’s ALGO is up about 7% today and 25% in the past week. Polkadot’s DOT is up roughly 8% in the past day and 23% in the past week, while Cardano’s ADA is up about 8%...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...