The altcoin sector of the cryptocurrency market is witnessing a surge in activity, particularly in Layer 3 networks. A selection of Layer 3 altcoins, including Degen (DEGEN), Xai (XAI), Orbs (ORBS), and Aavegotchi (GHST), is gaining investor attention due to their potential for substantial portfolio growth. Industry observers suggest that these coins could achieve returns that multiply their current values by five to tenfold or even higher, in conjunction with the overall market’s positive trajectory.
Degen (DEGEN) Makes a Notable Entrance
Riding on the advancements of Ethereum‘s Layer 2 infrastructure, the DEGEN network has quickly caught the eye of investors, leading to an impressive price appreciation. This burgeoning interest is reflected in DEGEN’s value, which has soared by 172 percent since its launch. A major contributor to this spike is the Degen Chain introduced by Syndicate.io, offering a highly cost-effective and innovative solution for the Degen community. DEGEN’s current trade value of $0.04463 showcases a strong upward trend, with a 6% rise in a day and a 128% in the past week, cementing its position as a noteworthy asset for enhancing crypto gains.
Xai (XAI) Bridges Gaming and Economy
XAI emerges as a game-changer by enabling the fusion of real-world economies with cutting-edge video game experiences. This unique approach removes the need for gamers to use traditional crypto wallets by allowing straightforward ownership and exchange of in-game valuables. Though experiencing a minor 3.30% dip recently, XAI’s current price stands at $1.06 with a $292 million market cap, and it has already risen by 56% since its introduction.
Orbs (ORBS) Delivers Scalable Blockchain Solutions
Focused on delivering scalability, affordability, and ease of use, ORBS caters to a broad spectrum of applications. Its integration with Quickswap on Polygon zkEVM, enhancing liquidity options, represents a significant advance. ORBS holds its value at $128 million in market cap, despite a slight 1.13% downturn, with robust trading activity indicating market confidence.
Aavegotchi (GHST) Offers Unique NFT Gaming Experience
GHST, the governance token for the Aavegotchi NFT Gaming universe, stands out by empowering investors with decision-making rights in AavegotchiDAO. With the project’s recent move to Base for settlement on Gotchichain, Aavegotchi games have ventured into a dedicated Layer 3 environment. GHST has witnessed a significant price spike, reaching $3.30 with a 25% increase in 24 hours and substantial gains over the past week and month.
Points to Take Into Account
- DEGEN shows a sharp rise in market value, indicating investor confidence and momentum.
- XAI presents an innovative investment opportunity by merging gaming with economic transactions.
- ORBS’s recent liquidity expansion could position it for future growth.
- GHST’s unique position in the NFT gaming space contributes to its escalating price.
The dynamic activity in the Layer 3 altcoin market reflects an intersection of innovation and profitability. With these altcoins making significant strides in utility and adoption, they present themselves as attractive investments for those looking to diversify their cryptocurrency portfolios.