Last year, new Layer-2 (L2) altcoin projects came to the fore. It is possible to give Base, Mantle and Manta as examples. While this was happening, L2’s strongest names, such as Polygon and Optimism, remained strong. Despite such fierce competition, Arbitrum still maintains its place at the top. Today, Arbitrum has the highest Total Locked Value of any L2 at $2.59 billion. Crypto Radahn, crypto expert from the Altcoinbuzz team, shares 3 Arbitrum coins that he says are the top picks for the bull market.
Arbitrum in first place Coin Sanko Dream Machine (DMT)
DMT stands for Dream Machine Token. Sanko is GameCorp’s native token. Sanko Dream Machine is an arcade-style dApp. In short, it has the following great features:
- A game console.
- NFT related games.
- Gambling games.
- A “Twitch-like” streaming service and more.
Sanko chose to build its dApp on Arbitrum. Naturally, Arbitrum uses Orbit for better scaling and lower transaction costs. This is great news for users like you and me. We can enjoy their games and broadcasts with low costs and high speeds. DMT is in the middle of the Sanko ecosystem. Its main uses are transactions, rewards and staking. As of now, DMT’s price is $18 and its market cap is $10.8 million.
In second place is Mozaic Finance (MOZ)
MOZ is a native token for Mozaic Finance. Simply put, Mozaic is an Arbitrum project that aims to optimize returns. To do this, it uses two main technologies: AI and LayerZero. Therefore, you can automatically get the best returns with Mozaic.
With its core product Archimedes, Mozaic uses artificial intelligence to automate farming decisions. It currently has two main vaults.
- Hercules Vault: Provides annual returns on stablecoin deposits.
- Theseus Vault: Provides annual returns on BTC, ETH, SOL, ARB, LINK, UNI, DOGE, XRP and LTC deposits.
Mozaic is built on Arbitrum. Therefore, the MOZ token is also included in the Arbitrum Blockchain. MOZ’s main token usage is for staking, governance and revenue sharing. Today, MOZ price is $0.156 and its market cap is $12 million.
Last Arbitrum Coin: Ramses (RAM)
RAM is a native token for Decentralized Exchange (DEX) called Ramses. Ramses DEX brings the Ve(3,3) concept to Arbitrum. In summary, Ve(3,3) is a sustainable tokenomics design. It reduces dependence on large liquidity providers. It also encourages users to contribute to the DEX in the long term. Indeed, Ramses DEX showed results with Ve(3,3). From the tweet above, you can see that it currently has a TVL of $17.8 million. This is quite impressive for a young project. Besides good tokenomics, DEX also has a good User Interface (UI).
For some DEXs, their tokens have little or no utility. But RAM is not like that. Across multiple use cases. Additionally, there are incentives for purchasing RAM and locking. Users have a say in the governance of RAM and the allocation of rewards to specific pools. Today, the price of RAM is $0.0475 and its market cap is $5.45 million.
The opinions and predictions in the article belong to the expert and are definitely not investment advice. cryptokoin.com We strongly recommend that you do your own research before investing. We also remind you that the crypto market is highly volatile and risky.
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