Ethereum price may be ripe for further downside after forming a death cross on the daily chart and a triple-top on the weekly. It remains slightly above the key support at $2,000, which coincides with the neckline of the triple-top chart pattern. This article looks at some of the top Ethereum rivals under $1 that may rise 10x and help you convert $100 to $1,000.
Best Ethereum rivals to buy
Ethereum is facing numerous challenges. ETF outflows have risen and it has been overtaken by other blockchain networks like Tron and Jito in terms of fees collected. As such, there is a risk that it may have a strong bearish breakdown, with the distance between the triple-top and the neckline pointing to a drop to $1,000.
Therefore, some crypto investors are considering buying top Ethereum rivals like Aptos (APT), Tron (TRX), and Stellar (XLM).
Aptos (APT)
Aptos is one of the top Ethereum rivals under $1 to consider for big returns. It is a layer-1 network that has attracted developers and investors in the past few years. Aptos has about 56 DeFi applications, which have accumulated over $1 billion in total value locked (TVL).
It has also continued to grow its stablecoin assets, with the figure standing at over $840 million. This is notable since these stablecoins are the default currencies used in the blockchain industry. Bitwise has applied for a spot APT ETF, which has a higher chance of being approved, a move that may boost its price.
Tron (TRX)
Tron is another top Ethereum rival under $1 that may offer strong returns over time. Founded by Justin Sun in 2017, Tron has all the best qualities to look in a cryptocurrency. It is a deflatonary coin that is burning millions of tokens each day.
Further, Tron handles billions worth of stablecoins each day, has a high staking yield of 5%, and makes millions of dollars. Tron is the second most profitable player in the crypto industry after Tether. It has made over $583 million in fees this year, much higher than the $205 million that Ethereum has made.
Therefore, a combination of strong revenue growth, deflation, high staking yield, and strong ecosystem growth makes it one of the best Ethereum rivals to consider. On top of this, it is one of the portfolio coins of Donald Trump’s World Liberty Financial.
Read more: Tron Price Prediction: Is Justin Sun’s TRX the Best Crypto to Buy?
Stellar (XLM)
Stellar is a top USA coin and an Ethereum rival to consider. It was established to facilitate cross-border transactions in an easy and less expensive way. Stellar has also launched Soroban, a layer-1 network that enables developers to build decentralized applications.
Soroban is a young network that is still in its growth phase. It has a total value locked (TVL) of over $60 million, a figure that continues to grow. Franklin Templeton has also launched its $460 million money market fund on Stellar. Also, several companies like Canary and Grayscale have applied for a spot XLM ETF that may be a catalyst for the price.
Read more: Best Made in USA Altcoins as Tom Lee Boosts Crypto Prediction
Disclaimer:
The information provided in this article is for informational and educational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are highly volatile and carry significant risk, so do your own research.
