Is Avax an ETH killer?

Despite the challenge of predicting the price of a volatile cryptocurrency, the experts we spoke with generally agree ETH could once again break $4,000 in 2022 . And a recent Ethereum prediction by Bloomberg intelligence analyst Mike McGlone has it ending the year between $4,000-$4,500.

Why is it termed an Ethereum killer? Solana’s speed, as well as the scalable ecosystem , are the reasons for labelling it as ‘Ethereum Killer’. Solana also supports Sea level, which is a method for running concurrent smart contracts, making it a much faster blockchain than some of its competitors.28 Oca 2022

Last week, Algorand, which is known as the Ethereum killer , rose 20.76 per cent and has piqued investors’ interest. What sets Algorand apart is it’s speed and advanced capabilities.

The reason is, the cryptocurrency has many competitors who are trying to overthrow ETH from the second position after Bitcoin. Call it Solana (SOL) and Avalanche (AVAX) cryptocurrencies . The meteoric rise of the two Ethereum killers is inseparable from the network fees which are much cheaper than ETH.