Layer-2 Coins Outperform BTC 72 Hours After Bitcoin Halving
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- Layer-2 protocols have outperformed BTC since the completion of the latest Bitcoin halving.
- Bitcoin completed its fourth halving late on Friday, April 19, 2024.
- STX and ELA gained 25% and 21% respectively, against BTC’s 5% 72 hours after Bitcoin halving.
Barely three days into the new Bitcoin dispensation, the flagship crypto blockchain’s Layer-2 solutions are leading the line. According to available data, tokens associated with Bitcoin’s Layer-2 protocols have outperformed BTC since the completion of the latest Bitcoin halving.
Bitcoin completed its fourth halving late on Friday, April 19, 2024, and the crypto market has initiated a gradual recovery from the recent pullback. Tokens on the Bitcoin network are among those registering notable upside movement, with Stack’s STX gaining 25% since the halving was completed, according to data from TradingView.
The Bitcoin Layer-2 solution picked up from a $2.3863 low early Saturday morning, reaching $3 as of Monday morning. Meanwhile, the parent blockchain’s cryptocurrency, BTC, rose from $63,136 to $66,503 during the same period, marking a 5% rally.
Apart from STX, ELA, the native crypto of Elastos,…
The post Layer-2 Coins Outperform BTC 72 Hours After Bitcoin Halving appeared first on Coin Edition.
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