Most of us are preparing for the best altcoins that scream buy. However, it is important to identify these cryptocurrencies while preparing. There are many cryptocurrencies in the market, so which one should you turn to? Altcoinbuzz answers this important question.
Top altcoins
The bull market will be back soon. Will really be back. Layer 1 made a massive 1924% gain in its last bull run. But in order not to fall behind, one of the Layer 2 solutions gained more, gaining 7200%.
Who am I talking about? Ethereum and Polygon. Polygon represents just one of the great opportunities that Layer 2 solutions bring when the bull returns. In bear markets, they usually suffer more than Layer 1s. They also outperform Layer 1s in bull markets. Which Layer 2 altcoins are we loading into for the next bull run?
Arbitrum in Altcoins
Our thesis is that in the next bull market, Layer 2 solutions will grow faster than many Layer 1 projects. We’ve seen this huge growth before. These are the projects that are growing even in this challenging market we have been experiencing for the last 18 months. So we can’t talk about big potential Layer 2s without talking about Arbitrum. Arbitrum isn’t just the biggest, most-announced airdrop of this year and this bear market. I know many of you qualify and many of you don’t.
Now is a great time to start building your position at ARB. ARB’s price dropped below $1 a few weeks ago after a Friday night fund drain. Now it’s at $1. This puts the market cap at $1.2 billion and as the number 38 project by market cap according to CoinGecko.
We think it’s undervalued. Arbitrum emerges as a leader in several categories:
- DeFi
- Perp DEXs
- Games of chance
- NFT Gaming on ETH
Arbitrum is L2 with the highest revenue in fees. And it is the 4th largest DeFi chain according to TVL. Only Ethereum, Tron and BNB Smart Chain are higher. In a short time, they had over $2 billion in TVL. This figure is more than Polygon, Optimism or Avalanche.
Their protocols are gaining more and more volume day by day. The undisputed flagship protocol of the network, GMX is the leading DEX in fees. It also ranks 9th overall and 5th among all protocols that don’t have their own chains like ETH or Tron. Which L2 project is your favourite? Which one do you use the most?
Polygon (MATIC)
The number of partnerships Polygon has and continues to form continues to grow. It looks like it will never stop. before too cryptocoin.com As we mentioned, the business development team is the envy of the industry. They seem to be closing every big old Web 2 business that matters and wants to get into Web3.
But there is more. In this bear market, they were outperforming most projects in terms of both building and price. However, since MATIC reached $1.20 in early April, its prices have halved to around 60 cents. The massive sell-off on Friday night due to the closure of a fund helped lower the price of many altcoins, including Polygon. Prices haven’t been this low for Polygon in a little over a year. If you think you missed the bus, you have another chance. Do not miss out.
stacks
BRC-20s. Ordinals NFTs in Bitcoin. Meme coins on bitcoin. You have to be living under a rock not to see what’s going on in crypto’s hottest trend. So who benefits the most from this trend after Bitcoin? stacks. Bitcoin’s top Layer 2.
First, almost all Ordinal compatible wallets are compatible with teams that are part of Stacks. It was also created by them. You cannot use a regular Bitcoin wallet for Ordinals. But in short, the Taproot upgrade is the reason why. Stacks wallets are already enabled for this. So you can seamlessly switch between Ordinals, Bitcoin and Stacks in most wallets. Stacks’ influence will only grow like Ordinals.
Not only that, people will also discover other services like Bitcoin and Bitcoin Name Service on Stacks. You can use Stacks to reserve a .btc domain name for your own use there. Also, despite defying the bear market trend, the STX token gained 2X more than the bear market low of 20 cents. It is still quite far from the $3.39 high. Currently 68 cents, Stacks is a bargain price when you see its growing impact on the Bitcoin ecosystem.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow on. Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.