Home / Altcoins / Ethereum Replacement with Other Top Altcoins, It Will Get Replace or Not?

Ethereum Replacement with Other Top Altcoins, It Will Get Replace or Not?

Ethereum is trying hard now a day as it is suffering from a hard clash in top 10 cryptocurrency list where ETH last yesterday at $102 (approx.). Ethereum is trying to bounce after finding support at $102.20. It has a minor hurdle at $123, above which, it can rally to the 20-day. As the trend is down and both the moving averages are sloping down, we anticipate a strong supply in the 20-day analysis and $167.32.

ETH is not reliable buy setup, so we are not recommending a trade in it. Analyst predicts that the ETH may bear sink the ETH/USD pair below $102, the next support on the downside is $83.

Whereas, on another hand, other tops 10 coins are working hard to get to the position of Ethereum by making they great hype all other.

Ethereum VS Bitcoin Cash

Bitcoin Cash is a cryptocurrency. In mid-2017, a group of developers wanting to increase bitcoin’s block size limit prepared a code change. The change, called a hard fork, took effect on 1 August 2017. As a result, the bitcoin ledger called the blockchain and the cryptocurrency split in two. At the time of the fork, anyone owning bitcoin was also in possession of the same number of Bitcoin Cash units whereas, Ethereum building blockchain applications has required a complex background in coding, cryptography, mathematics as well as significant resources. But times have changed. Previously unimagined applications, from electronic voting & digitally recorded property assets to regulatory compliance & trading are now actively being developed and deployed faster than ever before. By providing developers with the tools to build decentralized applications, Ethereum is making all of this possible.

Ethereum VS Stellar

Stellar is an open-source, decentralized protocol for digital currency to fiat currency transfers which allows cross-border transactions between any pair of currencies. The Stellar protocol is supported by a nonprofit, the Stellar Development Foundation whereas Ethereum trading volume is getting low day by day. Ethereum is blockchain technology has many other applications that go way beyond digital currencies. In fact, Bitcoin is only one of several hundred applications that use blockchain technology today.

An inability to move over the overhead obstruction zone will draw in moving that can push the XLM/USD match to the Nov. 25 lows. On the off chance that the help breaks, the drop can reach $0.08.

Then again, if the bulls scale to the $0.184 level, it will show that the current fall was a bear trap. As of now, we don’t perceive any bullish examples. Hence. it is doing better to get up from 6th position to 2nd. Whereas, If the next leg down holds above ethereum can fall up to $102, it will point to a probable bottom. However, if the bears sink the ETH/USD pair below $102, the next support on the downside is $83.

Ethereum VS EOS 

EOS.IO is a blockchain protocol powered by the native cryptocurrency EOS. The protocol emulates most of the attributes of a real computer including hardware (CPU(s) & GPU(s) for processing, local/RAM memory, hard-disk storage) with the computing resources distributed equally among EOS cryptocurrency holders. EOSIO operates as a smart contract platform and decentralized operating system intended for the deployment of industrial-scale decentralized applications through a decentralized autonomous corporation model. The smart contract platform claims to eliminate transaction fees and also conduct millions of transactions per second. 

The EOS trend remains down. However, after the initial pullback, we expect the EOS/USD pair to trade in a range for a few days, trying to put a bottom in place. Traders should wait for a trend reversal to initiate long positions.

If the selling pressure during the next down leg is strong and it breaks below the Nov. 27 lows, the decline can stretch to $2.40. 

Ethereum VS Tron

 The Tron coin is one of the latest and most popular cryptocurrencies on the market. However, it aims at a picture very different from typical cryptocurrencies. The Tron looks to gear up with the entertainment industry. It works on the same concepts of decentralization and distributed storage technology but aimed at the mammoth global content and entertainment sector. Content sharing will be performed via the blockchain and its peer-to-peer network technology. The TRON can replace Ethereum, may create great volume and make his place instead of ethereum.

This should be treated only as a pullback because the trend remains down with both the moving averages sloping down. The next fall will confirm whether a bottom is in place.

A break below the Nov. 25 intraday low of $0.01089965 can sink the TRX/USD pair to the next support at 0.00844479.

Ethereum VS NEO 

NEO is a blockchain platform and cryptocurrency designed to build a scalable network of decentralized applications. The base asset of the NEO blockchain is the nondivisible NEO token which generates GAS tokens that can be used to pay for transaction fees generated by applications on the network. NEO supports a wide variety of commonly used programming languages such as Javascript, C#, Python, Java, and Go, by using a customized version of Docker called NeoVM that compiles the code into a secure executable environment.

NEO uses unique technology same what Ethereum use in its unique way, ETH is a distributed public blockchain network. NEO is trying hard to get up in the top 10 list because it can compete with Ethereum.

May or may not Ethereum soon can be replaced by any of these competitors. 

Check Also

Calvin Ayre Takes It To Twitter After Craig’s Bitcoin Book Was Held From Publishing

Calvin Ayre Takes It To Twitter After Craig’s Bitcoin Book Was Held From Publishing

Calvin Ayre said that he discovered this article in a nobody site by an anonymous …

Leave a Reply

Your email address will not be published. Required fields are marked *