3 Ethereum (ETH-USD) Rivals to Buy as Bitcoin (BTC-USD) Struggles

Investors should not panic ether (ETH-USD), despite the recent volatility. Ethereum is in a short-term downtrend, down 0.5% in the last 24 hours and 2% over the past week.

Bitcoin (BTC-USD), other top cryptocurrencies enjoyed a wild run in recent years, and the past few months have been no different.

A number of analysts and market observers continue to focus on the innovations and technological advancements in the blockchain space, with some attempting to quantify the returns on these tokens.

For those looking to get involved in this sector, focusing on just one token is not a good move. A better option may be to explore a portfolio of projects that are different from each other. In fact, diversification is important during downturns. And whether you believe we’ll encounter a situation like this or not, for some, that extra security can be hugely important.

So anyone looking for life-changing profits and a safer way to do so should explore three options to dive into now.

Ethereum (ETH-USD)

Source: Shutterstock.com/BT Side

Investors should not panic ether (ETH-USD), despite the recent volatility. Ethereum is in a short-term downtrend, down 0.5% in the last 24 hours and 2% over the past week.

The biggest concern is its weak technical profile as the price is below its 50-day and 20-day moving averages. If volatility increases, the $3,100 support line must be held to prevent a decline to $2,900. Investors’ cautious collective reaction to last week’s move lower suggests more caution may be warranted.

Still, some believe this is a decline worth buying. Many in the crypto community expect spot Ethereum ETFs to be approved in the US soon. Several analysts therefore expect significant capital inflows. For example: Bitwise Chief Investment Officer (CIO) predicted Matt Hougan Net inflows of $15 billion within the first 18 months. This is based on thorough data analysis, including market comparisons and existing crypto ETPs.

Additionally, the analyst predicted that investors would invest in Bitcoin and Ethereum ETFs based on their market capitalization. This includes 74% for Bitcoin ($1.266 billion) and 26% for Ethereum ($432 billion), derived from the market caps of the two largest cryptocurrencies.

Solana (SOL-USD)

Source: Solvertv / Shutterstock.com

Solana (SOL USD) rises and falls with Bitcoin, as well as with all altcoins. It is valued for faster and cheaper transactions than Ethereum, gaining prominence among projects often considered “Ethereum killers.”

Developers prefer the high speed and low cost, as do users. More importantly, these views are backed by data. Recently, Solana outperformed Ethereum by being 46x faster in a real-world test. Buy it for its performance and potential amid rising US debt.

Additionally, let’s look at Solana for potential crypto opportunities. Unlike many major digital assets, SOL’s market capitalization increased by 8% in the last 24 hours but remained flat over the past week, losing around 0.5%. Technically, Solana is at a crossroads and is facing challenges as it failed to secure its top support at $178 and then its 50-day moving average at $156. It also briefly fell below its 200-day moving average at $133.

Recently Solana Foundation “Actions” and “Flashing” started to simplify blockchain transactions and integrate them into everyday internet usage. Solana’s “Actions” enable on-chain transactions across platforms such as websites and QR codes, simplifying integration for developers. “Blinks” turn any “action” into a shareable link, making any website a starting point for transactions. These tools drive widespread cryptocurrency adoption by making experiences transferable and actionable online.

Fetch.ai (FET-USD)

Source: Karnoff / Shutterstock.com

Fetch.ai (FET USD) remains central to the integration of AI and cryptocurrency. It is showing a strong uptrend, with FET rising 686% to $1.8 over the past year. And that includes a remarkable 32% increase in the past week alone.

Fetch AI is positioned as an open source protocol, enabling a decentralized machine learning network and crypto economy. Its platform democratizes AI by enabling access to secure data sets and leveraging autonomous AI for global tasks.

Fetch.ai 在人工智能相关的顶级加密货币中带来了利润，其中 FET 增长了 25% 以上。根据 CoinGecko 的数据，请愿者 (TAO) 上涨超过 19%，Render (RNDR) 上涨超过 13%，而 NEAR Protocol (VICINITY) 和互联网计算机 (ICP) 涨幅不到 10%。 Nansen.ai 分析师 Edward Wilson 指出，随着 Nvidia 成为全球最有价值的公司，AI 代币大幅上涨，该股在 6 月 18 日创下了超过 136 美元的历史新高。

在本文发表时，Chris MacDonald 并未持有，直接或间接

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