AVAX vs Polygon vs ONT vs COS: Battle for the Best Altcoin

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Bitcoin has supremacy in the crypto market. Its price per coin reached whopping values, which is one of the main reasons for the popularity of crypto. But Bitcoin isn’t the only option available on the market. You can freely pick from a vast range of altcoins — cryptocurrencies other than BTC.

Let’s focus on some of the most promising altcoins, including Avalanche, Polygon, Ontology, and Contentos. If you are thinking about a MATIC to AVAX exchange, you will find this post to be useful as well. You’ll learn more about cryptos and how to select the best investment strategy.

Avalanche vs Polygon: Battle of the DeFi Platforms

Since Avalanche’s initial launch took place in the recent 2020, it is relatively new to the market. Ava Labs organization created the network with the idea of combining three separate blockchains. Such a solution is intended to solve the decentralization and scalability issues commonly attributed to blockchain technology. Avalanche is considered home to over 350 different DeFi projects.

AVAX’s cost was $0.50 per coin during its ICO. But as of April 2022, its price is about $70 already, indicating that this currency has huge potential. Avalanche reached $146.22 — its all-time high — in November 2021. 

Polygon is another DeFi platform, which you may know under its previous name — MATIC network. It is a layer-2 solution, which means it has an additional protocol built on the top of another blockchain. In this case, it is the Ethereum blockchain. Polygon is intended to address ETH bottlenecks such as low transaction speed and lack of community governance.

Back in 2017, MATIC was traded at as low as $0.00263 per coin. However, it has grown in its value to approximately $1.3 as of April 2022. MATIC reached $2.92 — its all-time high — in December 2021.

Similarities and Differences

Let’s briefly review the main characteristics of Avalanche and Polygon and compare them:

  • Ethereum Virtual Machine (EVM) compatibility. Both cryptos are fully compatible with Ethereum applications and allow porting them easily. 
  • Consensus mechanism. Both cryptos have the Proof-of-Stake protocol incorporated, but Avalanche utilizes a complementary Snowball mechanism. 
  • OpenSea availability. Polygon is supported by this gas-free marketplace intended for trading NFTs, while Avalanche isn’t. 
  • Blockchain technology. Avalanche is based on the triple blockchain system that comprises Exchange Chain (X-Chain), Contract Chain (C-Chain), and Platform Chain (P-Chain). Polygon works on the Ethereum blockchain but has its native scaling solutions such as Plasma and zk-Rollups incorporated. 

ONT vs COS: The Underdogs

Since not that many sources provide accurate info about these cryptos, make it to the end of this post before converting ONT to COS or vice versa. 

Ontology is an open-source blockchain platform that supports cross-chain interoperation. It was created to help companies integrate blockchain technology into their business environment. Its native coin — ONT, is high-performance crypto, which costs about $0.5 as of April 2022. It reached $11.18 — its all-time-high — in May 2018. 

Contentos is a decentralized ecosystem that intends to incentivize the creation and distribution of digital content worldwide. Its native token — COS, costs about $0.014 as of April 2022. It reached $0.085 — its all-time high — in July 2019. 

Similarities and Differences

And here is the comparison of this crypto pair’s main features:

    • Consensus mechanism. Both cryptos use the Proof-of-Work protocol.
    • Support of smart contracts system. Both cryptos have this transactional protocol incorporated. 
  • Support of NFTs and decentralized applications (dApps). Both cryptos support these technologies, with Contentos focusing more on NFTs and Ontology allowing easier dApps integration. 
  • Blockchain technology. Contentos operates on the BNB Beacon Chain, while Ontology uses the NEO blockchain. 

Which One Is More Profitable?

Avalanche and Polygon have gained enough reputation to be confident that they will not leave the market any time soon. Also, both projects have a solid improvement strategy and clear goals to achieve. That’s why AVAX and MATIC seem to be great options for long-term investment. 

Ontology is a less-established platform, but it still has a unique vision and can be relied on. ONT can be an affordable but valuable addition to your investment portfolio since it experienced a substantial surge in the past and has the potential to hit this level or above in the future. On the other hand, support of the content creation community is a less trustworthy goal. So purchasing a small amount of COS can be justified only by its extremely low cost, which results in minor price risks but good investment prospects.