Ethereum price has struggled this year as it faced numerous challenges, including the rising competition with Solana and Base. ETH has dropped to $2,815, down by over 30% from its highest level this year. So, let’s explore some of the best Ethereum rivals to invest in and turn $100 to $1,000 by March 31st.
Top Ethereum rivals to buy to turn $100k to $1000
There are many Ethereum rivals to consider, with the most notable ones being the likes of Mantra (OM), Uniswap (UNI), Hedera Hashgraph (HBAR), and Polkadot (DOT).
Mantra (OM): Real World Asset Tokenization leader
Mantra is one of the best Ethereum rivals to buy and turn $100 into $1000 by March this year. OM has already been a top-performing coin as it jumped from below $0.0220 to a high of $6 this year.
The benefit of investing in Mantra is that it is aiming to become the market leader in the fast-growing RWA industry. RWA is a sector that lets people tokenize real assets like real estate and art into tokens.
Experts believe that RWA is the next big thing in the financial market. Just this month, Blackstone, the biggest private equity company in the US, launched its tokenized fund, joining other firms like Franklin Templeton and Blackrock.
Therefore, Mantra price will likely continue doing well in the coming months, with the next point to watch being the psychological point at $10. A drop below the crucial support at $4.6 will invalidate the bullish view.
Polkadot (DOT): Big changes are coming
Polkadot is another top Ethereum rival to consider if you want to turn $100 to $1000 soon. DOT, a top player in the crypto industry, is expected to do well because of the upcoming Polkadot 2.0 launch. The key part of this launch is JAM, which will introduce major challenges to the network, including introducing Ethereum Virtual Machine.
Polkadot price has been in a tight range for almost three years, signaling a potential accumulation phase. It has now moved to the lower side of the channel, while the accumulation and distribution indicator has been rising.
Therefore, the DOT price will likely have a strong bullish breakout, with the next reference level to watch being at $29.78, the 50% Fibonacci Retracement level. This target is about 400% above the current level.
Uniswap (UNI): V4 and Unichain as catalysts
Uniswap is another Ethereum rival to buy as it has numerous catalysts ahead. The first notable catalyst is the recently launched V4 network, which is gaining traction among investors. Launched earlier this week, the V4 network had over $50 million in assets, a sign that demand is rising.
The other top catalyst is that Uniswap will launch UniChain, a layer-2 scaling network that it hopes will help its users. It will have lower fees in the network and have unified liquidity. Also, most of the fees made in Unichain will go to validators and stakers.
Uniswap price may soon surge, moving to the key resistance at $20, its highest level this year ahead of the Unichain launch.
Hedera Hashgraph: HBAR ETF as a catalyst
The other top Ethereum rival to buy is Hedera Hashgraph, a popular layer-2 network known for speed and its slate of validators, including Google and IBM. The main catalyst for the Hedera price is the upcoming spot HBAR ETF approval by the Securities and Exchange Commission (SEC).
The HBAR price has formed a break-and-retest pattern by moving back to $0.1830, its highest swing since April. The 50-week and 25-week moving averages have formed a bullish crossover pattern. The price has also formed a small hammer pattern, pointing to a potential rebound to $0.4020, up 65% from the current level.
Best Ethereum alternatives to buy
The other popular Ethereum rivals to buy are Jito, Ethena, Arweave, Floki, Jupiter, and Sui.
The post Best Ethereum rivals to turn $100 to $1000 by March 31 appeared first on Invezz
