LIVE#ETHETFsApproved #altcoins #buythedip $The latest report on Layer 2 crypto altcoins for May 2024 indicates that there are several projects showing promise of high performance during the anticipated bull run. Here are some of the top contenders:
Arbitrum (ARB): With a market cap of $2.82 billion and a slight decrease of -4.44% in its price, Arbitrum remains a strong player in the Layer 2 space1.
Optimism (OP): Despite a -6.82% change in its price, Optimism holds a market cap of $2.86 billion, reflecting its significant role in Ethereum scaling solutions1.
Polygon (MATIC): Polygon has seen a -7.01% price change but maintains a robust market cap of $6.61 billion, continuing to be a key Layer 2 scaling solution for Ethereum1.
Immutable (IMX): Immutable stands with a market cap of $3.18 billion and a -3.63% change in price, focusing on NFTs and gaming on Ethereum1.
Loopring (LRC): Loopring, known for its decentralized exchange protocol, has a market cap of $318.54 million with a -4.19% price change1.
Starknet (STARK): Starknet, which offers a zero-knowledge rollup solution, has a market cap of $940.56 million and a -7.75% price change1.
The overall Layer 2 market cap is $27.675 billion, up by 3.78%, and the 24-hour trading volume is $1.308 billion, indicating active market movements1. It’s important to note that these figures can fluctuate rapidly due to the volatile nature of the cryptocurrency market.
Please remember that investing in cryptocurrencies involves a high level of risk, and it’s crucial to conduct your own research or consult with a financial advisor before making any investment decisions. The performance of cryptocurrencies can be unpredictable, and past performance is not indicative of future results.