Top 10 Layer 2 Tokens Primed for a 2024 Breakout: Scaling Up the Future of Crypto
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Scaling solutions in the crypto ecosystem has become a dire need, especially for the Ethereum (ETH) blockchain. So, it was not surprising that many Ethereum Layer 2 (L2s) sprung up in the last few years.
For the unfamiliar, the main goal of scalability is to increase transaction throughput and speed without compromising on security or decentralization. Interestingly, almost all of the scaling solutions have tokens attached to them, and in 2024, some of these tokens might experience a breakout.
In this article, Coin Edition will focus on the top 10 Layer 2 tokens with immense potential in 2024. Here, you will also find out why the fundamentals behind the projects might play crucial roles in the performance of the native tokens.
Arbitrum (ARB)
Arbitrum (ARB) has cemented its place as one of the scaling solutions with the most traction. This is because it is one of the few projects using optimistic rollups to improve speed and cost-efficiency on Ethereum. However, the ARB token has had its share of troubles.
Between December 2 and 12, ARB’s price traded between $1.06 and $1.21. However, the 4-hour…
The post Top 10 Layer 2 Tokens Primed for a 2024 Breakout: Scaling Up the Future of Crypto appeared first on Coin Edition.
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Top 10 Layer 2 Tokens Primed for a 2024 Breakout: Scaling Up the Future of Crypto
Share:
Scaling solutions in the crypto ecosystem has become a dire need, especially for the Ethereum (ETH) blockchain. So, it was not surprising that many Ethereum Layer 2 (L2s) sprung up in the last few years.
For the unfamiliar, the main goal of scalability is to increase transaction throughput and speed without compromising on security or decentralization. Interestingly, almost all of the scaling solutions have tokens attached to them, and in 2024, some of these tokens might experience a breakout.
In this article, Coin Edition will focus on the top 10 Layer 2 tokens with immense potential in 2024. Here, you will also find out why the fundamentals behind the projects might play crucial roles in the performance of the native tokens.
Arbitrum (ARB)
Arbitrum (ARB) has cemented its place as one of the scaling solutions with the most traction. This is because it is one of the few projects using optimistic rollups to improve speed and cost-efficiency on Ethereum. However, the ARB token has had its share of troubles.
Between December 2 and 12, ARB’s price traded between $1.06 and $1.21. However, the 4-hour…
The post Top 10 Layer 2 Tokens Primed for a 2024 Breakout: Scaling Up the Future of Crypto appeared first on Coin Edition.
In This News
Coins
Share:
In This News
Coins
Share:
Read More
Altcoin Season Index Reveals Crucial Market Stalemate as Key Metric Holds at 24