Will Onslaught Of “Ethereum Killers” Take Shine Off ETH As Market Falls?

Investors and developers are picking alternatives to Ethereum for diversification, and — for … [+] programmers — scalability, speed, and price.

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Cryptocurrency prices are in decline across the board. The wise guys with blue check marks in their Twitter bios, and agents that get investor gurus on the financial news shows, are all patting themselves on the back with “I told you so”. Serious investors should not be listening to these drama queens. We all know crypto is a wild ride. Patience is a virtue, remember. “Hodl” the line.

For 2022, one of the biggest stories in crypto investing is going to be the blockchain players that are expected to eat into Ethereum’s market share, and grow into hundred dollar or even thousand dollar coins.

Every investor is chasing that theme as a way to diversify their cryptocurrency portfolio.

We already know who the main “Ethereum Killers” are.

For the most part, it’s Solana (SOL), Avalanche (AVAX), Polkadot (DOT) and Cardano (ADA). After writing “The Rise of the New Blockchains” about developer and investor sentiment for these four players, I was reminded that there are many more blockchain projects trying their luck in the same space.

There’s Hedera, an enterprise-focused decentralized blockchain with a $4 billion market cap. Major corporations own it, like Tata and Wipro of India, and Google and IBM in the U.S. So if you don’t like corporations, then maybe Hedera isn’t the place. But if you believe corporations are going to get into blockchains, and they are, then maybe this is another alternative to Ethereum as an investment.

Hedera is not going to break anyone’s bank. One Hedera (HBAR) goes for just $0.23. It’s up 133% over the last 12 months as of this weekend.