Top Crypto to Benefit Most From Ethereum’s Growth

The much-awaited Ether merge is expected to happen in September. It is a huge step towards bringing an improvement in the scalability of Ether and retains its decentralized nature. While discussing about this merge at the EthCC, the founder of Ether Vitalik Buterin said that this merge will be making the development process of Ether only 40 percent complete. He also said that moving into the future, they will be focused to take the load off the mainnet of Ether. He said that besides handling most transactions by layer-2, there is a requirement of eliminating the need for Ether nodes to store the entire history of the blockchain.

As per the talk of Vitalik Buterin, it is quite clear that as Ether continues to evolve, there are many cryptos within the Ether ecosystem that are ready to reap hugely. Also, there are some cryptos chasing Ether, with the hope of catching up to this second-largest crypto player in terms of transaction costs, scalability, and other essential factors.

Mentioned below are a few of the top cryptos that will most likely succeed for any person who is interested in cryptocurrency as Ether evolves into a more scalable and decentralized internet computer. Also if you are looking for a safe crypto trading platform to invest in Bitcoin, then check out Crypto Trader.

The Graph

Vitalik Buterin referenced The GRT or Graph as one of the crypto projects that is having a primary role for playing in Ether’s future growth. As per Buterin, it is a precious tool that can get used for storing the historical data of Ether rather than keeping it on the chain. It is a huge deal because it will put The GRT at the crypto’s forefront whose futures are tied directly to that of Ether. Already the project has started to show a positive signal after the comments made by Buterin regarding it at the EthCC. A lot of cryptos eased up a bit in the past 24 hours, but the GRT keeps on surging in value.

It indicates that investors are excited regarding the role of Graph in the ecosystem of the Ether moving into the future. As such use case will take shape, it stands out as of the cryptos with a solid growth prospect.

Polygon

It is one of the best-performing cryptos now. In the past one week, this crypto is up by 30 percent and there is a rise in upside momentum. It is hugely driven by news that Disney included this crypto in its program of Accelerator. Yet the more vital news is that the team of Polygon is working dedicatedly to make it stand out as one of the best Ether layer-2s in this market. Earlier, the co-founder of Polygon, Bjeric said that they were dedicated to Ether and will give back to the ecosystem of Ether.

A lot of people speculated that the giving back will be in the form of the Polygon Hermez launch. It will be introducing zero-knowledge proofs to the crypto. Not only will it aid polygon to scale better. But it will be significantly improving security. It is because with zero-knowledge proofs it is possible to carry out a verification of a transaction without revealing the identity of the one who will verify it.

With Ether set to entrench its dominance after this merge, Polygon came out across as the leading crypto worthy of investing in right now. The odds are that as Ether will grow so will MATIC.

Conclusion

Many investors will look out for crypto trading through one short-term strategy. They will have a view to taking benefit of volatile swings in pricing. The best approach toward this market is on a basis of long-term. It will let you ride the market volatility. Thus it will enable you to take a better hands-off approach to cryptocurrency. Investing in crypto will be a more perfect strategy if done long-term than trying to outperform the market on a basis of short-term.

The adoption of crypto has increased across the world and has become mainstream. The present dip in the cryptocurrency market is never something to get scared of especially if you are having the above mentioned cryptos on your radar.