These Eight Crypto Assets Are Ethereum Competitors.

A prominent Crypto analyst has listed Ethereum (ETH) challengers stacking up against the leading smart contract platform.

The YouTuber of channel InvestAnswers tells his subscribers that he believes that Ethereum will remain the dominant force with which all competitors must contend.

“As I always say, Ethereum is the dominant 800-pound gorilla. No ifs, ands, or buts.

Everything runs off Ethereum – but other players are chipping away.”

He gave many reasons why he thinks that Solana (SOL) and Terra (LUNA) are on the top of the list of Ethereum alternatives.

“When you look at the USP, which is unique selling proposition, plus team, plus technology, plus community, Luna and Solana win the day… Those four characteristics are key to evaluating [projects].”

He also talked about the incentives and momentum surrounding a Crypto project. The host said layer-1 smart contract platform Avalanche (AVAX) and enterprise-grade DeFi platform Fantom (FTM) both meet these criteria.

“The next two are Avalanche and Fantom. They stand out because of incentives and momentum.

Crypto is all about momentum. You’ve got to follow the heat. Where all the flies go, you’ve go to be…

Fantom has incentives that drive momentum. For example, loan to value (LTV), that’s why the LTV is exploding. You’ve got to look behind the curtain to find out exactly what’s going on.”

The host also looks at multi-chained scaling solution Polygon (MATIC) and decentralized digital asset exchange Binance Smart Chain, powered by Binance Coin (BNB). He believes that both coins are the competitors of Ethereum, and they might by the wayside – and each for very different reasons.

“Under threat, you could argue that Polygon could be under threat, not only from… it’s amazing how the whale concentration all feeds in and supports this narrative to some extent.

And Binance Smart Chain because it’s so centralized.”

Last on his list is Cardano (ADA) and Polkadot (DOT).

“And then you have the wildcards, Polkadot and Cardano. Both had sucky years over the last 12 months.

Cardano did move a little bit today, which is great, but I hope it gets to three bucks quick.”