Ethereum

Tezos

Polygon

Solana

Avalanche

Polkadot

<p>After the emergence of Bitcoin (<a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>), people started to realize that <a href="https://finbold.com/topic/blockchain/" rel="noopener noreferrer nofollow">blockchain</a> – its underlying <a href="https://finbold.com/category/technology-news/" rel="noopener noreferrer nofollow">technology</a> – could be used for other purposes, giving rise to Ethereum (<a href="https://finbold.com/cryptocurrency/ethereum/" rel="noopener noreferrer nofollow">ETH</a>) and making it a powerful competitor to the flagship decentralized finance (<a href="https://finbold.com/guide/liquidity-mining-definition/" rel="noopener noreferrer nofollow">DeFi</a>) asset. With time, more networks and <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrencies</a> appeared, threatening to unseat <a href="https://finbold.com/topic/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin’s</a> runner-up.</p><p>In this context, there are several such digital assets that have stood out as potential ‘<a href="https://finbold.com/guide/how-to-buy-ethereum/" rel="noopener noreferrer nofollow">Ethereum</a> killers’ due to the challenge they present to the second-largest <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> asset by market capitalization, as well as their perceived capability to possibly even replace the <a href="https://finbold.com/topic/ethereum/" rel="noopener noreferrer nofollow">Ethereum coin</a> as the second most famous asset on the <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">crypto market</a>.</p><h2 id="header-0">Solana (SOL)</h2><p>Solana (<a href="https://finbold.com/cryptocurrency/solana/" rel="noopener noreferrer nofollow">SOL</a>) has emerged as a strong contender to Ethereum’s domination thanks to its lower gas fees and high transaction rates (although Ethereum is catching up with its network updates), as well as the use of the Proof-of-History (PoH) consensus mechanism with other more conventional algorithms.</p><p>As things stand, <a href="https://finbold.com/guide/how-to-buy-solana/" rel="noopener noreferrer nofollow">Solana</a> is currently changing hands at the price of $24.04, up 1.35% in the last 24 hours, in addition to gaining 14.59% over the previous seven days after it <a href="https://solana.com/news/state-compression-compressed-nfts-solana" rel="noopener noreferrer nofollow">revealed</a> a new solution promising to reduce the cost of on-chain storage. It has also gained 18% on its monthly chart, as well as a whopping 142.31% since the year’s turn, according to data retrieved on April 13.</p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/7f46a19a3c994b43b8eeedaddf83d416.png" /><p><em>Solana year-to-date (YTD) price chart. Source: </em><a href="https://finbold.com/cryptocurrency/solana/" rel="noopener noreferrer nofollow"><em>Finbold</em> </a></p><h2 id="header-1">Polkadot (DOT)</h2><p>Describing itself as a ‘Layer 0 blockchain,’ Polkadot (<a href="https://finbold.com/cryptocurrency/polkadot/" rel="noopener noreferrer nofollow">DOT</a>) has recently <a href="https://tmsearch.uspto.gov/bin/showfield?f&#61;doc&amp;state&#61;4810:18qpn3.2.18" rel="noopener noreferrer nofollow">filed</a> a trademark application for the blockchain communication platform ‘Polkadot Converse’ as well as <a href="https://twitter.com/BillLaboon/status/1645686342737592320" rel="noopener noreferrer nofollow">updating</a> its ecosystem with Kagome 0.9.0, a Polkadot Host implementation written in C&#43;&#43;.</p><p>Its price at press time stood at $6.42, increasing 2% in the past 24 hours, 0.26% over the previous week, as well as 5.21% on its monthly chart. In terms of its year-to-date (YTD) gains, <a href="https://finbold.com/topic/polkadot/" rel="noopener noreferrer nofollow">Polkadot</a> has added 46.73% to its value, as the recent charts demonstrate.</p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/664a2b9d9d394d79adc485515ab5e0bc.png" /><p><em>Polkadot year-to-date (YTD) price chart. Source: <a href="https://finbold.com/cryptocurrency/polkadot/" rel="noopener noreferrer nofollow">Finbold</a></em></p><h2 id="header-2">Avalanche (AVAX)</h2><p>Another Proof-of-Stake (<a href="https://finbold.com/guide/cryptocurrency-staking-guide/#ProofofStake_vs_ProofofWork" rel="noopener noreferrer nofollow">PoS</a>) ecosystem like Ethereum, Avalanche (<a href="https://finbold.com/cryptocurrency/avalanche/" rel="noopener noreferrer nofollow">AVAX</a>) integrates three interoperable blockchains together, providing greater scalability. On April 6, the team <a href="https://twitter.com/_patrickogrady/status/1644007233028751361" rel="noopener noreferrer nofollow">launched</a> its Cortina upgrade on the protocol’s testnet, promising improved Avalanche’s X-Chain support for <a href="https://finbold.com/guide/best-cryptocurrency-trading-platforms/" rel="noopener noreferrer nofollow">crypto exchanges</a> and faster development, among other benefits.</p><p>Currently, <a href="https://finbold.com/topic/avalanche/" rel="noopener noreferrer nofollow">Avalanche</a> is changing hands at the price of $28.54, which demonstrates a 2.38% climb in the last 24 hours, in addition to increasing its value by 3.03% across the week and 12.59% in the previous month, whereas its gains since January 1 amount to 69.89%.</p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/a471d76d35b54e7da3e1802ebefbab14.png" /><p><em>Avalanche year-to-date (YTD) price chart. Source: <a href="https://finbold.com/cryptocurrency/avalanche/" rel="noopener noreferrer nofollow">Finbold</a></em></p><h2 id="header-3">Polygon (MATIC)</h2><p>Layer 2 scaling solution that uses the Ethereum blockchain, Polygon (<a href="https://finbold.com/cryptocurrency/polygon/" rel="noopener noreferrer nofollow">MATIC</a>) has had a massive surge in gaming activity in March, making it the second-largest <a href="https://finbold.com/guide/play-to-earn-crypto-games/" rel="noopener noreferrer nofollow">gaming</a> blockchain after WAX (<a href="https://finbold.com/cryptocurrency/wax/" rel="noopener noreferrer nofollow">WAXP</a>), according to the <a href="https://dappradar.com/blog/web3-gaming-report-march" rel="noopener noreferrer nofollow">report</a> by DappRadar.</p><p>At present, <a href="https://finbold.com/topic/polygon/" rel="noopener noreferrer nofollow">Polygon</a> is changing hands at $1.12, recording a 2.35% increase in the past day, although it has lost 2.04% during the previous week and 6.16% across the last 30 days. However, those losses are offset by the year-to-date (YTD) gains of 46.69%</p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/1cfeea37b2c441c7a392f5cd4cd3511b.png" /><p><em>Polygon year-to-date (YTD) price chart. Source: <a href="https://finbold.com/cryptocurrency/polygon/" rel="noopener noreferrer nofollow">Finbold</a></em></p><h2 id="header-4">Tezos (XTZ)</h2><p>A self-upgradable and energy-efficient PoS blockchain that also deploys Liquid Proof-of-Stake (LPOS), Tezos (<a href="https://finbold.com/cryptocurrency/tezos/" rel="noopener noreferrer nofollow">XTZ</a>) has had multiple positive news this year, as well. First, it announced a <a href="https://www.businesswire.com/news/home/20230222005123/en/" rel="noopener noreferrer nofollow">partnership</a> with Google Cloud, and then it <a href="https://twitter.com/tezos/status/1641135015504359425" rel="noopener noreferrer nofollow">unveiled</a> the Mumbai protocol, one of its most significant upgrades to date, promising to push Tezos ahead of its competition.</p><p>Meanwhile, the <a href="https://finbold.com/guide/how-to-buy-tezos/" rel="noopener noreferrer nofollow">Tezos price</a> chart has been slightly choppy in recent days, at press time trading at the price of $1.11, up 0.53% on the day, despite losing 2.85% in the last seven days. On its monthly chart, however, <a href="https://finbold.com/topic/tezos/" rel="noopener noreferrer nofollow">Tezos</a> has gained 1.30%, adding up to the 2023 increase of 52.54%.</p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/5ad06fda43054f0fb445344a4aecb35a.png" /><p><em>Tezos year-to-date (YTD) price chart. Source: <a href="https://finbold.com/cryptocurrency/tezos/" rel="noopener noreferrer nofollow">Finbold</a></em></p><h2 id="header-5">Conclusion</h2><p>Although the future growth in the value of digital assets can depend on multiple factors, the highlighted cryptocurrencies and their teams have demonstrated the capability to justify their status as Ethereum’s main competitors, guaranteeing more progress this year, accompanied by strengthening prices.</p><p><em><strong>Disclaimer:</strong> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p><p><strong>Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>.</strong></p>

The next Ethereum? 5 cryptocurrencies poised for massive growth in 2023

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