Last week, news of the ETH Merge has been spreading across the market. On 11th August, Ethereum developers declared September 15 -16 as the official date for the Merge. The report has been stirring action for several crypto assets. Investors will want to get a piece of Ethereum at prices today, and we could see ETH rise in the days before The Merge launches. As investors witness a successful transition occur, they might take some profits, causing Ethereum to slide. But over those next weeks and more likely in months, activity on the Ethereum blockchain will rise as developers and users flock to take advantage of higher speed and lower fees. On that note, let's explore the top 10 cryptocurrencies that will remove Ethereum after ETH merge.
Cardano has shown stunning price performance over the past year. ADA is popularly known as the third-generation cryptocurrency that aims to fix some of the problems faced by both Ether and BTC. Its mission is to use blockchain technology and solve real-world problems while taking a research-intensive approach to development. Another reason why investors might prefer ADA over others is that its algorithm is more sustainable than the rest.
Solana can process 50,000 transactions per second, while Bitcoin can process only about 7 TPS. This proves that SOL is a lot faster than BTC. It has a programmable blockchain that can run smart contracts, and like Cardano, it is environment-friendly as well. The performance of SOL in 2021 has been quite remarkable and has made its way to become the fifth-largest cryptocurrency by market capitalization.
Many people like the idea of cryptocurrency but are deterred from investing in it due to its decentralized nature. Ripple claims to offer some of that safety. It is the seventh-largest cryptocurrency in the market and is the shiniest token on top of the altcoin pyramid. XRP boasts incredibly fast transactions within a few seconds with minimum transaction costs.
Litecoin is often considered a close sibling of BTC. Both the cryptos work in the same way, except there are a few differences that make LTC more appealing. The Litecoin system was designed to operate about 4 times faster than that of Bitcoin. Litecoin can confirm the legitimacy of the transactions much faster than Litecoin. BTC only has a limit of 21 million, whereas Litecoin has a limit of 84 million coins. Even though its performance has been low, LTC has a great chance in the future.
Avalanche is a rising star in the crypto market. Its native AVAX coin can be used both as a part of the avalanche consensus mechanism and for paying transaction fees. For the year-to-date, Ethereum has gained a staggering 3,800% profits. With more applications moving into its ecosystem, the crypto is most profitable to reach the position of the largest cryptocurrency in the market in the future.
Dogecoin is another meme coin in the crypto universe. It is currently a lightweight cryptocurrency based on its market capitalization, but its growing investors' community is rapidly making DOGE more popular every day, indicating that it might have a massive growth potential in the future. DOGE is highly supported by tech giant Elon Musk, which has promoted its growth immensely.
Even though Cosmos is an Ethereum competitor, its network is quite large and is fast-growing. It aims to achieve interoperability and runs on an energy-efficient proof-of-stake protocol. The growth of ATOM has largely been organic unlike many other major cryptocurrencies with huge marketing budgets.
Even though it was quite unexpected, Axie Infinity has grown 23,000% this year. Experts believe that since it popularized a new type of gaming called play-to-earn, it has changed the way, people perceive online gaming forever. And in return, the crypto's popularity skyrocketed rapidly this year.
Algorand is pretty new to crypto investors, but it is quite heavyweight when it comes to faster transaction speeds. Its blockchain has already demonstrated that it can process more than 1,000 transactions per second and can complete those transactions in less than 5 seconds. ALGO is pretty efficient and attracts several investors to the market.
Polkadot crypto was initially conceptualized as a part of the Web 3.0 hierarchy. Polkadot, in simple terms, connects multiple chains to greatly improve scalability and security. Polkadot crypto lets developers create their blockchains, termed Parachains. These blockchains use Polkadot's relay to speed and scale up transactions.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.