- Ethereum (ETH) price dropped 20% from its ATH.
- Market players may have to consider Ethereum-killers.
- Let us explore the top three ETH alternatives in December.
Ethereum (ETH) maintained sideways movements over the last few weeks. For now, ETH trades at $3,931, nearly 20% beneath its record high. Also, the largest altcoin had its market cap reduced to near $467 billion. Meanwhile, here as Ethereum-killer to consider this month.
Hedera Hashgraph is a blockchain project that focuses on institutional investors. Market participants recognize this ‘smart’ contract network due to its remarkable speed. Hedera can process almost 10,000 transactions every second, higher than Ethereum’s process.
Others know the platform due to its governance structure. Moreover, some of the top organizations in the globe govern Hedera Hashgraph. They include ServiceNow, Standard Bank. Nomura, LG, IBM, and Google.
HBAR saw its price jumping by nearly 57% after hitting its lowest mark in 2021 November. That came as enthusiasts cheered Hedera’s metaverse entry. Analysts trust Hashgraph technology and speed will attract more developers. That makes HBAR an ideal ETH-killer.
Avalanche is another fast-growing ETH-killer that attracts market players with its speed. AVAX, Avalanche’s native coin, gained about 4,000% in 2021. With that, the alt’s market cap stood over $26 billion. For now, AVAX ranks 11 in the cryptocurrency list by market cap.
Avalanche is a lucrative Ethereum-competitor to purchase this month. That is due to its ecosystem growth and significant momentum. You can examine its Dei ecosystem to identify its trends.
DeFi Llama data indicates that Avalanche houses over 100 decentralized finance platforms. They boast over $11 billion in TVL, making Avalanche the 4th-largest platform.
Terra is an Ethereum-killer based in South Korea. Terraform Company manages this crypto project. With Terra, developers can create top-notch decentralized applications. Today, LUNA’s overall market cap is over $29 billion, standing 9th in crypto rank.
Terra gained popularity with its stablecoin, TerraUST (UST). This platform has seen remarkable growth, with its market capitalization jumping to over $19 billion. UST is the 4th largest stablecoin after Tether, USDC, and BUSD. Also, Terra is a DeFi lending player, its apps’ having over 417 billion in TVL.