Bittime - Solana coin, Cardano coin, and Sui coin are predicted to have the potential to surpass Ethereum. The growth opportunities are promising before January 2025. Check out the review!
Ethereum has long led the blockchain world as the largest smart contract platform. But now several altcoins are starting to show great potential to compete and perhaps even surpass Ethereum's dominance in the future.
As 2024 approaches, a number of altcoins are gaining significant momentum thanks to technological innovation and increasing market adoption. Among Ethereum's main competitors, there are three altcoins that are stealing the spotlight: Solana (SOL), Cardano (ADA), and Sui (SUI).
This altcoin is estimated to have a great opportunity to grow rapidly and make extraordinary achievements in the next few years, especially towards January 2025.
This article will discuss the potential of each of these altcoins, as well as the reasons why they could surpass Ethereum in the near future.
1. Solana (SUN)
Source: Coingape
Solana (SOL) has proven itself to be one of the most efficient and high-performing blockchains on the market. With its ultra-fast transaction speeds and low fees, Solana has attracted a lot of attention, especially after the difficult times experienced post the collapse of FTX.
In 2024, Solana managed to record a significant price increase, with its coin price increasing by more than 186% in the last year.
Despite a slight price decline in the last 24 hours, Solana maintains a bright outlook. At the time of writing, Solana's price is around $223 (around IDR 3.6 million).
The coin continues to show upward momentum. Solana has successfully passed an important resistance level, indicating that investor demand and participation is increasing. The increase in derivatives market activity is also a sign that investors are increasingly confident in Solana's long-term prospects.
With all the innovation underway, Solana has the potential to grow even more by 2025, and could become one of Ethereum's main competitors in terms of blockchain adoption and use.
Read also: Bitcoin New ATH, Breaks $107,000! Can It Reach $110,000?
2. Cardano (ADA)
Cardano (ADA) is one of the altcoins that has great potential to challenge Ethereum's dominance. Known for its efficient Proof of Stake (PoS) consensus mechanism, Cardano offers a more environmentally friendly and sustainable blockchain solution.
In the past year, the price of ADA has experienced a significant increase, growing by 77% thanks to increased investor confidence.
At the time of writing, ADA price was trading around $1.10 (around IDR 17,700), with a small increase of 3%. Despite this, many analysts predict that Cardano could experience a bigger surge before January 2025.
One factor supporting this optimism is the increase in large transaction activity, which shows that more and more "whales" or large investors are interested in Cardano's potential.
Cardano has various innovations, including smart contracts and a platform that can be used for various decentralized applications. As the Cardano ecosystem develops, this altcoin could become an attractive option for investors looking for a more energy-efficient and efficient alternative to Ethereum.
Read also: Is HBAR Better than XRP? Which one is better for investment?
3. Sui (SUI)
Sui (SUI) is one of the rising newcomers in the blockchain world. As a smart contract platform built with the aim of prioritizing speed, privacy and accessibility, Sui has started to attract the attention of investors and DeFi (Decentralized Finance) application developers.
Sui's main advantage is its ability to manage digital assets very efficiently, as well as integration with a growing number of DeFi applications.
The price of Sui has increased quite significantly, reaching $4.83 (around Rp. 78,000), recording a jump of more than 4 times in recent times. The growth of Total Value Locked (TVL) on the platform also shows that Sui is increasingly being taken into account among DeFi users and investors.
Sui leverages new technologies to improve overall blockchain performance, and with increasing adoption in the DeFi sector, Sui has the potential to become one of the most highly regarded blockchain platforms.
Although still relatively new, Sui's popularity continues to grow, and this altcoin has the potential to become a big player in the crypto industry in the future.
Read also: Comparison of RLUSD Stablecoin Vs USDT and USDC
Why Can Solana, Cardano, and Sui Surpass Ethereum?
There are several reasons why Solana, Cardano, and Sui have the potential to surpass Ethereum in the next few years. First, these three altcoins offer more efficient and cost-effective blockchain solutions than Ethereum.
Second, with growing adoption in the DeFi sector and increasing interest from institutional investors. These three altcoins have a great opportunity to record faster growth.
Apart from that, continuous development and innovation is carried out by the development team behind these three projects. This shows that they are ready to overcome future challenges and meet the needs of the growing blockchain market.
Solana with its high performance, Cardano with its green technology, and Sui with its focus on speed and privacy each have advantages that make them serious competitors to Ethereum.
FAQ About Ethereum
Is it Smart to Hold Ethereum?
Ethereum tokens are still subject to inflation, their supply is unlimited, they cannot be mined, and their future value will be largely determined by Ethereum's usefulness to dApp developers and financial institutions. Ethereum's price may continue to rise, but I doubt Ethereum will consistently outperform Bitcoin over the next few years.
Is This the Right Time to Buy Eth?
Technical data shows Ethereum's upward trend continuing in the next few days. The momentum oscillator, the Relative Strength Index (RSI), has fallen drastically, implying strong buying intent. Given the positive crossover shown over the one-day period, ETH's upward trajectory will likely be maintained for the week.
Why Are People Buying Ethereum?
For example, during times of high inflation, some investors may turn to cryptocurrencies such as Ethereum as a hedge against devaluation of their local currency. Likewise, monetary policy changes, such as the Federal Reserve's interest rate decisions, can impact investors' appetite for risk assets like Ethereum.
How to Buy Crypto on Bittime
Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with CoFTRA, Bittime ensures every transaction is safe and fast.
Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!
Cek rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.
Additionally, visit Bittime Blog to get various interesting updates and educational information about the world of crypto. Find trusted articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your knowledge in the world of crypto.
Reference
Coingape, 4 Ethereum Rivals Altcoins That Could Double Before January 2025, accessed December 17, 2024.
coinmarketcap, Coinmarketcap, accessed December 17, 2024.
Author: Y
Comments
0 comments
Please sign in to leave a comment.