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Top 8 Ethereum Layer 2 Altcoins To Buy Before Dencun Upgrade

The Ethereum Dencun upgrade, scheduled for March 13, is set to revolutionize Ethereum’s landscape. Altcoins to buy spotlight 8 Layer 2 altcoins with potential for explosive growth. As Ethereum’s price soars past $4,000, these cryptocurrencies stand at the brink of a bullish wave, promising lucrative opportunities for savvy investors.

Polygon (MATIC) 

Polygon (MATIC) is quickly becoming a leading solution for enhancing Ethereum’s scalability and infrastructure. The platform’s shift to a more robust Proof-of-Stake consensus mechanism has significantly bolstered its security features. 

Over the past week, MATIC has seen a notable increase of more than 6%, with its price reaching $1.19. This surge is attributed to a series of positive developments that have piqued investors’ interest, positioning it as the top alternative cryptocurrency to invest in before the anticipated Dencun upgrade.

Immutable (IMX)

Immutable (IMX) is carving out a niche for itself as a pioneering layer-two scaling solution designed explicitly for NFTs on the Ethereum network. In recent days, IMX has been on an upward trajectory, showcasing a bullish trend. 

IMX price chart

The token’s value has ascended to $3.52, marking a 13% rise over the last week and an impressive 17% increase over the past month. Currently, it holds the 28th spot on CoinMarketCap, with a market capitalization of $4.8 billion, highlighting its growing prominence in the market.

Optimism (OP) 

Optimism (OP) continues to make waves as a leading layer-2 scaling solution for the Ethereum blockchain, known for its effectiveness in enhancing scalability and reducing transaction costs. Presently priced at $3.77, Optimism has witnessed a significant uptick, with a more than 6% increase in just one day, a 16% growth over the week, and a remarkable 75% surge over the year. MATIC current position is 29th on CoinMarketCap, boasting a market cap of $4.4 billion, making it a prime investment opportunity.

Mantle (MNT)

Mantle (MNT) has quickly ascended to the fourth position in the Ethereum Layer 2 network’s Total Value Locked (TVL) rankings. This achievement comes merely two months post-launch, signaling a robust investor interest wave. Currently, the token’s value stands at $1.01. This is after witnessing a more than 12% increase in the past week alone. Such remarkable growth positions it as a prime altcoin to consider purchasing before the anticipated Ethereum Dencun upgrade.

Arbitrum (ARB)

Arbitrum (ARB), a frontrunner in the Ethereum layer-two scaling solutions space, utilizes optimistic rollups. These rollups significantly boost transaction speed, scalability, and cost-effectiveness on the Ethereum blockchain. Recently, Arbitrum’s value saw a 2.33% rise, reaching $1.99. 

ARB price chart

This growth is part of a more significant trend that has propelled the Total Value Locked (TVL) upwards, suggesting a bullish market phase is on the horizon for Arbitrum.

StarkNet (STRK)

StarkNet (STRK) stands out as a trailblazing, permissionless decentralized Validity-Rollup. It aims to expand the Ethereum ecosystem by providing scalable solutions for decentralized applications (dApps). By employing the cutting-edge cryptographic proof system, STARK, StarkNet ensures applications can scale while maintaining Ethereum’s composability and security. The value of StarkNet has increased to $2.42, marking a 3.92% rise in the last day.

Manta Network (MANTA)

Manta Network operates as a modular ecosystem for web3, allowing users to create and deploy Solidity-based decentralized applications. Its technology stack offers faster transaction speeds than a Layer 1 and lower gas costs than a Layer 2 solution. MANTA network has experienced a significant 30% increase in its market value over the previous month, with its current trading price at $3.61.

Metis (METIS)

Metis (METIS) is pioneering a Layer 2 framework that aims to revolutionize the Web 3.0 economy. It focuses on reducing gas fees, boosting transaction efficiency through scaling, and simplifying the development process. 

Over the last month, MetisDAO has seen its market value skyrocket by more than 45%, showcasing its strong potential as a valuable investment in the altcoin market. This surge underscores its status as a top altcoin to consider before the Ethereum Dencun upgrade.

Conclusion

The Dencun upgrade is a catalyst for growth within the Ethereum ecosystem. The 8 altcoins highlighted are poised for significant attention and potential investment influx, making them worthy of consideration for any crypto portfolio looking to leverage Ethereum’s evolving landscape.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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Ann Mugoiri

Ann likes to write about crypto and blockchain technology. She has been following the development of these technologies for a few years and believes that they have the potential to disrupt many industries.She has specialized in technical analysis to help cryptocurrency traders make more informed decisions.

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