Emerging as a strong contender to the domination of Ethereum (ETH) thanks to its lower gas fees, high transaction rates, and the use of the Proof-of-History (PoH) consensus mechanism, Solana (SOL) has been continuously growing, but other assets out there are beginning to stand out as its worthy rivals.
In this context, there are several such cryptocurrencies that have distinguished themselves over time and, based on present market trends and technology advancements, have the strength to challenge and possibly even overthrow Solana from its position as the potential ‘Ethereum killer.’
Cardano (ADA)
With a primary mission to deliver sustainability, scalability, and transparency to the masses, Cardano (ADA) has earned a massive following and traction in the crypto market. Thanks to ongoing developments and enhancements, like the recent Mithril 2 paper and the criticized wallet platform Nami, Cardano is likely to be a strong contender for growth in 2024.
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Meanwhile, Cardano’s token is currently changing hands at the price of $0.3712, up 0.95% on the day, adding up to the 4.60% increase across the previous week and the 48.01% gain over the past month, according to the most recent data retrieved on November 15.
Polygon (MATIC)
Establishing itself as a viable solution for the high transaction fees problem of other blockchains, Polygon (MATIC) is a Layer 2 scaling platform that boasts speedy transactions, and its role could continue to grow as more developers join the platform to build their projects on it, and the POL token eventually replaces MATIC.
At press time, MATIC was trading at the price of $0.92, recording an advance of 0.61% in the last 24 hours, a more significant gain of 19.39% over the past seven days, and an impressive 75.82% rally in the previous month, as the latest charts demonstrate.
Fetch.AI (FET)
Bringing together machine learning (ML), artificial intelligence (AI), multi-agent systems, and decentralized ledger technology, Fetch.AI (FET) aims to foster the development of autonomous digital economies. As AI continues to merge with blockchain and the company keeps up the efforts like the new wallet update, its token holds significant potential in 2024.
As things stand, the price of FET presently amounts to $0.4194, which represents an advance of 7.31% on its daily chart, increasing 10.60% across the past week, and racing as much as 96.22% on its monthly chart, according to the latest information.
SingularityNET (AGIX)
Speaking of AI, SingularityNET (AGIX) is another platform leveraging its advances to create a global AI marketplace where participants can offer, purchase, and improve AI services with transactions using its native AGIX token. If AI technology continues to proliferate, AGIX might also experience a surge.
In the meantime, Avalanche’s AGIX token is presently changing hands at the price of $0.25, recording an increase of 3.48% on the day, up 3.74% in a week, and substantial growth of 47.49% across the previous 30 days, as per the latest data.
Avalanche (AVAX)
Finally, priding itself on high throughput and robust security, the platform for dApps and blockchains Avalanche (AVAX) is quickly becoming an important player in the growing decentralized finance (DeFi) sector, the expansion of which could help Avalanche grow in price in the next year.
In terms of its price, AVAX was at press time changing hands at $19.71, growing 11.41% in the last 24 hours, as well as demonstrating a massive gain of 53.58% in a single week, and an even more impressive advance of 109.60% in just one month, as the charts suggest.
Conclusion
All things considered, the above crypto assets are in a position to experience massive growth in 2024. However, taking into account that this sector can often be unpredictable and involves significant risks, thorough research or consulting with a finance professional before making any investment decisions is critical.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
