- Smart contract technology is the leading aspect of the global economy.
- Best 3 smart contract cryptocurrencies to buy in December are listed.
- Ethereum (ETH), Polygon (MATIC) and Algorand (ALGO) are ranking top.
Smart contract is a special kind of self-executing contract which automatically executes and runs on blockchain systems. This industry is observing robust growth in the entire marketplace and thus became the real innovations in blockchain networks.
More specifically, smart contract technology empowers many leading decentralized autonomous organizations at present. As the adoption of smart contract technology is increasing in recent days, it is gaining the power to change the status of the global economy.
In addition, the smart contract project is not an individual player, it includes massive technologies like decentralized finance (DeFi), Non-Fungible Tokens (NFT), and the metaverse. Let’s view the best three smart contract digital currencies to invest in December 2021.
1. Ethereum (ETH)
ETH is the second largest cryptocurrency in the market with a strong user base community. Notably, ETH/USD is the first smart contract in the world empowering more than 80% of all DAO’s till today. Additionally, Ethereum is the second-generation blockchain project with proof-of-work (PoW) technology.
Moreover Ethereum blockchain is the centric hub for many popular cryptocurrencies as it performs safe and secure transactions on its platform. Significantly, there are 101 smart contracts and Decentralized Apps on Ethereum. Further, ETH price is marking at $4,374.07 and reflects a less bullish trend in recent weeks. However, Ethereum is all set for a bull run with its upcoming transitions in the crypto community.
2. Polygon (MATIC)
Polygon (MATIC) is the second layer of smart contract platform which supports developers to optimize the ETH applications. It is popularly known as Ethereum’s Internet of Blockchains. Through its innovative features, Polygon users are lucky to experience faster transactions at lower rates.
In recent months, Polygon network grabbed the attention of the developers community at large scale. Besides, the Polygon ecosystem is now focusing on the NFT world with new partnerships and products. In addition, MATIC was trending around the crypto market influencing many investors with its continuous price surge. The current market status of MATIC is $2.25 spiking up-to 9.43% in the last 24 hours. Thus, the bullish trend of Polygon will be the key to buy it for this month.
3. Algorand (ALGO)
Algorand smart contracts holds a special function in its network. The contracts present on the Algorand blockchain are remotely callable from any node in the network. Notably, ALGO encourages the developers to build DAO’s in the decentralized finance (DeFi) platforms. With such functionality, the count of ALGO users has become strong reaching higher levels.
Besides, the technical aspects of Algorand will pump the price level of ALGO continuing its trend in the marketplace. However, the ALGO price is standing at $1.80 with some fluctuations in one day. Hence, with strong user support ALGO will soar to $2.5 soon resulting as the best smart contract cryptocurrency for December.
