With Ethereum’s network crippled due to a major hack, investors are scrambling for alternative platforms. Here are three assets that you should buy before the crash below $300!
The “ethereum competitors 2020” is a new cryptocurrency that has been created to compete with Ethereum. There are 3 alternatives to Ethereum that you can buy on December 22nd, which are DOT, ZEC, and LINK.
In the previous 24 hours, the value of Polkadot (DOT) has increased by 7.40 percent.
In the previous 24 hours, the market cap of Zcash (ZEC) has increased by 3%.
Chainlink (LINK) has a lot of room to expand.
Polkadot (DOT) is an open-source blockchain platform that can run two kinds of blockchains: the relay chain, which is the primary network, and parachains, which are user-created networks.
Zcash (ZEC) is a privacy-focused digital currency that employs encryption to give users with more anonymity.
Chainlink (LINK) is an open-source technology that has a big community of developers, academics, and users working on it.
Is Polkadot (DOT) a good investment?
Polkadot (DOT) was worth $26.76 on December 22.
We’ll look at the token’s all-time high value as well as its performance over the previous month to evaluate what type of value point this is.
Polkadot (DOT) achieved an all-time high on November 4th, when it was valued at $54.98.
The DOT token’s lowest point in November came on November 28, when it fell to $32.92.
We can observe that the token has lost $22.06 in value, or 40% of its worth.
However, the DOT token is worth purchasing at its present price of $26.76, since it has the potential to climb in value to $32 by the end of December.
Is it a good idea to invest in Zcash (ZEC)?
Zcash (ZEC) was worth $163.03 on December 22.
We’ll look at the token’s all-time high value as well as its performance over the previous month to understand what this value point indicates.
Zcash (ZEC) achieved its all-time high on October 29, 2016, when it was worth $3,191.93. We can observe that the token was $3,028.9 more valuable at its ATH value point than it was on December 22, 2021.
When we look back at November’s performance, we can see that on November 18, ZEC hit its lowest value of the month, $146.38.
On the other side, it reached its greatest peak of value on November 25, when it reached $302.79.
This means that the token increased in value by $156.41, or 106 percent, before reverting to $163.03.
The ZEC token is a great purchase at its current price of $163.03 since it has the potential to reach $175 by the end of December, making it a strong buy.
Is it a good idea to purchase Chainlink (LINK)?
Chainlink (LINK) was worth $20.15 on December 22.
We’ll look at the token’s all-time high value as well as its performance in November to understand what this value point indicates.
Chainlink (LINK) achieved its all-time high on May 10th, when it was valued at $52.70.
We can observe that the token was $32.55 greater in value at its ATH value point, or 161 percent higher.
When we look at the token’s performance during the past month, we can see that the greatest value point was $38.12 on November 10.
The token’s lowest value point was on November 28, when it fell to $23.23. This indicates that the token’s value has plummeted by $14.89, or 30 percent.
If LINK is able to break over the $21 barrier, it has the potential to rise to $25 by the end of the year, making it a good purchase. It could be worth revisiting if the LINK token drops below $20 in value.
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Ethereum is the most popular cryptocurrency on the market, but there are still other cryptocurrencies that are gaining traction. Here are three of the top alternatives to Ethereum. Reference: ethereum competitors 2021.
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