Ethereum’s on-chain data hit a further downside for the price of Ether (ETH), its native cryptocurrency token. ETH’s price is unlikely to rally above $3,500 soon.
Ethereum’s value decreased by 3% in the last 24 hours alone. According to data from CoinMetrics, there are currently 564.644K daily active addresses on average, which is a 4% decrease from the activity seen seven days ago.
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30-day average of active addresses on Ethereum. Source: CoinMetrics
This has led to many investors seeking alternatives to Ethereum and its Ether (ETH) cryptocurrency token.
As such, today, we are going to go over everything you need to know in terms of value surrounding the best Ethereum killers out there.
We will be going over Solana SOL/USD, Polkadot DOT/USD, Tezos XTZ/USD, and Cardano ADA/USD.
Should you buy Solana (SOL)?
On April 27, 2022, Solana (SOL) had a value of $99.36.
When we look at its all-time high, Solana (SOL) had its ATH on November 6, 2021, when the token reached a value of $259.96. This means that SOL was $160.6 higher in value or by 161%.
When we go over the performance of the token throughout the previous month, Solana (SOL) had its lowest point of value on March 13 at $78.22.
Its highest point of value was on March 31 at $128.75. This marked an increase in value of $50.53 or 64%.
With this in mind, we can expect SOL to reach a value of $110 by the end of April, making it a solid buy.
Should you buy Polkadot (DOT)?
On April 27, 2022, Polkadot (DOT) had a value of $17.20.
When we look at the token’s all-time high, Polkadot (DOT) had its ATH of $54.98 on November 5, 2021. This means that at its ATH, the token was $37.78 higher in value or by 219%.
Going over how well the token performed throughout the previous month, Polkadot (DOT) had its lowest point of value on March 7 at $16.15.
The token’s highest point of value was on March 28 at $23.25. Here, we can see an increase in value of $7.1 or 44%.
With this in mind, DOT can reach $20 by the end of April.
Should you buy Tezos (XTZ)?
On April 27, 2022, Tezos (XTZ) had a value of $2.83.
Taking a look at the token’s all-time high point of value, Tezos (XTZ) had its ATH on October 4, 2021, when it reached $9.12. Here, we can see that the token was higher in value by $6.29 or by 222%.
When we go over March, Tezos (XTZ) had its lowest point of value on March 7 at $2.87.
Its highest point of value was on March 31 at $4.01. Here, we can see that the token increased in value by $1.14 or by 39%.
With this in mind, at $2.83, XTZ is a solid buy as it can reach $3 by the end of April.
Should you buy Cardano (ADA)?
On April 27, 2022, Cardano (ADA) had a value of $0.8527.
Going over the all-time high of the token, Cardano (ADA) had its ATH on September 2, 2021, at a value of $3.09. What this means is that ADA, at its ATH, was $2.2373 higher in value or by 72%.
Looking at the performance of the token in March, Cardano (ADA) had its lowest point of value on March 14 at $0.7854.
However, its highest point of value was on March 28, when the token reached a value of $1.24. This marked an increase in value of $0.4546 or 57%.
With all of this taken into consideration, ADA can reach $1 by the end of April.
Where to buy right now
To invest simply and easily, users need a low-fee broker with a track record of reliability. The following brokers are highly rated, recognised worldwide, and safe to use:
- Etoro, trusted by over 13m users worldwide. Register here >
- bitFlyer, simple, easy to use and regulated. Register here >
*Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
Source: https://invezz.com/news/2022/04/27/ethereum-alternatives-you-wont-want-to-miss/