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- 📢 Gate Square #Creator Campaign Phase 2# is officially live!
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Most of us are preparing for the best altcoins that scream buy. However, it is important to identify these cryptocurrencies while preparing. 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 took 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?
Altcoinler in Arbitrage
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 DEX'leri
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. 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 as low as 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.
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