Is Ethereum Getting Outpaced?

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Ethereum has been on a wild ride and honestly I talk about it pretty often. Sure it's brought a bunch of new things to the markets and to that I say thank you Ethereum! But is Ethereum starting to get outpaced?

Ethereum's main issues have always been speed and fees. Every time we hit a bull run you pay $50+ for one transaction fee and then wait around for what seems like forever for your transaction to even take place.

Ethereum has said that the primary growth focus for them will now be in layer two tokens taken off a lot of that transaction volume and while that has in fact been the case layer two tokens have sucked in value and so has Ethereum for the most part.

Ethereum feels like it's on this slow decline and could possible be replaced here soon in terms of market cap and even use cases. That's saying a lot since most large cap big funds moved their own tokens on to Ethereum. But let's be honest places like Solana are now roughly 1/3 the size of Ethereum (maybe not a great option here to start out with since they constantly have rolling outages lol)

Here are a few possible semi low cap tokens that could out perform Ethereum in market cap with this pro crypto government coming into power.

Chainlink

The main goal of chainlink and a great name for it honestly is to interconnect everything. It feels like todays crypto is very disconnected and often times you have to wrap, exchange and move funds from various places just to make the trade you want. With chainlink they are attempting to make communication between languages easier and better. Providing fast scalable solutions to smart contracts that normally wouldn't talk to each other and would require things like wrapping.

Chainlink also is pushing for decentralization with its oracle network. There's a lot of great potential here with this token if it continues to be connected into other applications and that's going to be the key kicker there is if other platforms integrated it or not. It's going to have to provide some huge benefits for a blockchain or application themselves to use another blockchain and application.

XRP

I gotta be honest with you I never liked XRP personally but one thing I've learned as an investor is you have to keep personal opinions out of it if you want to make money. Just because I personally don't like a blockchain doesn't mean everyone else hates it. In fact it might do very well and end up making massive revenue and just because of my personal opinions I would have missed out on all of that revenue.

The reason why many are looking to this token now is it's been primarily the front runner in terms of SEC lawsuits of which should finally stop come the new administration. Could this mean XRP will skyrocket?

It could but it also couldn't. What made it attractive to some investors as being the way to battle against a over reaching government could lose its luster and all of those paid out lawsuits could mean that development has been crazy slow putting it behind others.

ADA

ADA or Cardano has been around for a good bit now and in terms of VC funds and backing has been a rather big player. They promised some crazy stuff in the last bull run but to be fair I never really followed it to see if those were followed through with.

They are also now starting to say that they are doing more integration with bitcoin. They are aiming to have a DeFi platform for bitcoin which seems to be a hot topic many are going after right now. If Cardano ADA pulls this off they could be sitting in a good spot.

Posted Using InLeo Alpha



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5 comments
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I agree that it may be in a bit of trouble, the speed and fees are making it unattractive. I've avoided using it in preference to other side chains for the fees alone. I don't see a real clear replacement right now, SOL has it's issues. I also haven't been a big XRP fan, but it doesn't mean it can't a winner. With the SEC out of the way it might skyrocket, and it might be smart to buy in. I still have to convince myself though and it hasn't happened because I still don't have much.

Cardano could become interesting. I honestly don't have any, there are only so many projects I'm willing to throw money at one time. I wish I had a crystal ball! lol

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Full disclosure ETH is my largest crypto holding by a mile with Bitcoin at number two.
I also hold some SOL and ADA and chainlink.
But I have to say that ADA and LINK and XRP are old coins, I don't see them competing. While SOL is all the rage there are only two ETFs approved in US: BTC and ETH. I think it will take SOL a while to un-seat ETH and we might see a rotation into ETH during this bull market. Too early to count ETH out ;)

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When Ethereum is mentioned, the first thing on my mind is always gas fees, hahahaha. Solana is doing something huge yet a side from outages as you said, they are blending more to pump and dump (memecoins). This can limit market confidence at some point.

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