4 best alternatives to Ethereum
18 Nov 2019 #Ethereum
Ethereum is the second-largest cryptocurrency, and the third most used coin today. The coin is also considered by many to be the second most important coin that was ever created, thanks to the fact that it demonstrated the power and possibilities of blockchain technology to the world which was mostly crypto-focused.
In other words, there are many reasons why Ethereum is a good investment, especially when we remember that its largest update ever is on the way. However, we understand that not everyone might be interested in ETH, and that some investors may be looking for an alternative. If that is you, then you've come to the right place, as we are about to list the top 4 alternatives to Ethereum.
Bitcoin
Our first pick for Ethereum alternatives really shouldn't be a surprise to anyone. Whether you are looking for a coin that acts as an actual currency instead of a fuel for a development platform, or if you are looking for a good way to make a profit — Bitcoin is by far the best alternative to ETH.
Its story is well-known, but here's a quick recap — it is the first crypto ever to be created, it is the largest coin to date, and its highest price so far was just below $20,000. Bitcoin is brimming with potential, and even if every other cryptocurrency in the world fails, it is almost a certainty that Bitcoin will survive in years to come.
Binance Coin
As far as investing and making a profit goes, Binance Coin is one of the best alternatives to Ethereum. The coin was made by Binance, one of the world's largest and most popular crypto exchanges.
As many might be aware, this year has been very successful for Binance, which launched its own blockchain, its own DEX, multiple fiat-to-crypto subsidiaries around the world, and it even invented a new token sale trend, IEO.
In a way, BNB's performance reflects Binance's success, although only partially. The coin is still a great investment by itself. Otherwise, it never would have reached the amount of success that it has. While it is not at the top of its game right now, that only makes it cheaper to invest in right now.
EOS
Then, we have EOS — one of Ethereum's biggest rivals, and a more technologically advanced project, at least for the time being. EOS has gained major success as a development platform since the launch of its own blockchain in mid-2018.
While the project did have a rough start, it quickly became one of the biggest dApp producers out there. It offers cheaper fees, a faster blockchain, and it has a strong community. EOS has also had a rough year, as far as the price goes, and it is currently relatively low-valued, at least when compared to its potential. However, as a coin with some very valuable use cases, it is likely one of the safest and most secure investments today.
Cardano
Finally, there is Cardano (ADA), a sleeping dragon, which also holds massive potential. Many believe that Cardano will be one of the best and strongest coins in the market some day, and that the only reason why this did not happen so far is the fact that the project likes to take things slowly.
One look at its roadmap reveals that this is very likely an accurate prediction, as Cardano has so much waiting for it in the future. Its price and market cap are not impressive at the moment, that much is true. However, Cardano has already demonstrated its ability to surge quite high, and its real strength lies in its strong, innovative technology.
