Ethereum price has moved sideways in the past few weeks. The ETH/USD pair is trading at 3,931, where it has been recently. This price is about 20% below the highest level this year while its market capitalization has declined to about $467 billion. So, let us look at some of the best Ethereum-killers to invest in this month.
Hedera Hashgraph
Hedera Hashgraph is a fast-growing blockchain project that is mostly focused on institutional users. It is a smart-contract platform that is known for its significant speeds. It can process about 10,000 transactions per second, which is significantly faster than what Ethereum can do.
Hedera Hashgraph is also known for its governance structure. The network is governed by some of the leading organizations in the world. They include Google, IBM, LG, Nomura, Standard Bank, and ServiceNow.
HBAR price has jumped by about 57% from its lowest level in November this year. This happened as investors cheered its entry into the metaverse industry. Analysts believe that its speed and the hashgraph technology will draw more developers to the network. This makes it an ideal Ethereum-killer to invest in.
Avalanche
Avalanche is a fast-growing Ethereum-killer that is known for its speed. AVAX, its native token, has jumped by almost 4,000% this year and brought its total market capitalization to more than $26 billion. It is now the 11th biggest cryptocurrency in the world.
Avalanche is a good Ethereum-killer to buy in December because of its significant momentum and the growth of its ecosystem. A good way to look at its trends is to look at its Decentralized Finance (DeFi) ecosystem.
Data compiled by DeFi Llama shows that there are now more than 100 DeFi platforms built using the network. They have more than $11 billion in total value locked (TVL), making it the fourth-biggest platform.
Terra is a South Korean Ethereum-killer that is managed by a company known as Terraform. The platform enables developers to build quality decentralized applications. Today, LUNA has a total market capitalization of more than $29 billion, making it the 9th largest cryptocurrency in the world.
Terra’s popularity is mostly because of its stablecoin that is known as TerraUST (UST). This is a fast-growing platform whose total market cap has jumped to more than $19 billion. It is the fourth biggest stablecoin in the world after Tether, USD Coin, and BINANCE USD. Terra is also a leading player in DeFi, where its apps have a TVL of more than $17 billion.
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