These Four Altcoins Will Explode After Ethereum Dencun Upgrade!

Many vital occasions in regards to the cryptocurrency business will happen in 2024. Amongst these, Bitcoin halving, SEC’s spot Ethereum ETF choice and Ethereum Dencun improve are within the high three locations.

It’s said that the Ethereum Dencun improve goals to cut back the prices and information availability of transactions on the layer-2 community.

At this level, whereas the Dencun improve is predicted to trigger some Ethereum (ETH) layer-2 altcoins to rise, the host of the Coin Bureau YouTube channel said in a latest video that there could also be a giant explosion within the costs of 4 main altcoins because of the ETH Dencun replace.

Stating that these altcoins are Arbitrum (ARB), Optimisim (OP), Immutable X (IMX) and Polygon (MATIC), the analyst stated:

“Because the Dencun improve approaches, Ethereum layer-2 altcoins are additionally about to rise.

With this improve, Arbitrum can keep its bullish momentum. ARB not too long ago hit an all-time excessive of $2.40 on January twelfth and exhibits no indicators of slowing down largely as a result of anticipated results of Dencun. With the improve, extra customers might flip to utilizing Arbitrum as a less expensive different to work together with Ethereum.

Secondly, OP additionally has a major upward potential because it goals to create a “tremendous chain” ecosystem.

Thirdly, after the Dencun improve, IMX may even see a fast acceleration in blockchain recreation growth as community effectivity will increase and change into one of many high contenders within the GameFi area. This means a major upward potential when it comes to value.

Lastly, taking a look at MATIC, it reached an all-time excessive of $2.92 on December 27, 2021. It’s nonetheless 60% under its ATH. However with the Ethereum Dencun improve 2 this may increasingly all change.”