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5 Best Cryptocurrency Smart Contract Platforms to Buy Now

Apple Crypto
Apple Crypto

Smart contract platforms provide revolutionary solutions for a host of industries through the utilization of blockchain technology. Platforms with smart contact capability allow users to interact with what I would call a “robotic” intermediary.

These smart contracts are self-executable, making blockchain solutions trustless and perhaps available from anywhere in the world. Although Ethereum is the largest smart contract platform, we have new entrants such as Solana, Polygon, Polkadot, EOS, and Cardano that are worth buying now.

1. Ethereum – mother of all smart contract platforms

Ethereum leads the smart contracts innovation, although it currently faces many challenges such as high gas fees and scalability issues. However, the dominance of this platform cannot be challenged at the moment due to the vast ecosystems it supports.

At the time of writing, Ethereum price trades around $2,450. A hurdle at $2,650 cut short the recovery this week. However, with support at $2,400 remaining intact, Ethereum is expected to gain ground shortly, and perhaps begin the subsequent recovery phase above $3,000 and toward $4,000.

ETH/USD 4-hour chart

ETH/USD price chart
ETH/USD price chart by Tradingview

2. Polygon – Mark Cuban is a big fan

Polygon price has had an impressive bull run since the beginning of the year. An all-time high traded at $2.77 saw MATIC bolstered into the top 20 cryptocurrencies in the market. Moreover, the selloff had Polygon plunging to $0.7 before recovering to $2.4.

In the meantime, MATIC trades at $1.55 amid an uptrend from the support at $1.2. The four-hour chart shows that the short-term outlook is bullish and may lead to more gains if the resistance at $1.8 and $2 comes out of the way. The MACD indicator supports the uptrend by settling above the zero line.

Interest in Polygon has been growing strongly among institutional investors, among them the billionaire Mark Cuban. in a big win for the ecosystem, the DeFi-focused Kyber Network has just moved over to Polygon.

MATIC/USD 4-hour chart

MATIC/USD price chart
MATIC/USD price chart by Tradingview

3. Solana – the superfast blockchain

Solana’s price currently teeters at $37 and within the confines of an ascending triangle. The resistance at $44 hints at a firmer bearish grip. However, with Solana making a higher low pattern, buyers keep growing stronger.

Eventually, we expect a breakout above the horizontal (x-axis) resistance before the trend lines converge. Ascending triangle targets are determined by measuring the highest to the lowest points, as illustrated. Therefore, a 45% upswing is anticipated in the short term, likely to catapult Solana price to $64 (a new all-time high).

Solana’s unique technology around proof-of-history protocol means its blockchain can reach transactions per second of up to 65,000.

SOL/USD 4-hour chart

SOL/USD price chart
SOL/USD price chart by Tradingview

4.Polkadot – interoperability for the masses

Since its launch, Polkadot has fronted itself as the champion for true blockchain interoperability, bringing forth security, scalability, and innovation. Accessible blockchain innovation that allows developers to create a contract in minutes.

Meanwhile, Polkadot price dodders at $23 following a recent recovery from the support at $20. Its upside seems to have been limited under $26, but DOT has printed a symmetrical triangle pattern with a colossal 48% breakout target. With a bullish short-term outlook, Polkadot is likely to extend the up leg to $37.

DOT/USD 4-hour chart

DOT/USD price chart
DOT/USD price chart by Tradingview

5. Cardano – slow but steady progress

Cardano is a proof-of-stake cryptocurrency token that has gained immense traction among its peers in recent months, mainly due to hitting developmental milestones. Although smart contract capability is not currently available on Cardano, it will debut in September, making the token a worthy buy now.

At the time of writing, ADA trades at $1.52 after a 3.5% loss in 24 hours as per the data on CoinGecko. As the countdown for the smart contracts approaches, Cardano’s value will most likely spike.

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