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As the crypto market gears up for a potential bull run in 2024, investors are keenly watching for altcoins that promise returns, innovation, and scalability. Among the cryptocurrencies, Solana, Optimism, Arbitrum, and Chainlink stand out for their technological advancements and market resilience.
Former Consensys product lead Ben Edgington has joined development company OP Labs as its lead technical program manager.
This improvement accelerates transaction fees and associated network fees. This article is all about the top 7 layer 2 coins
TL;DR HAI announces a milestone on its path to launching its mainnet on Optimism. The Airdrop on February 12 – Will distribute 22.3% of KITE to over 18,000 wallets. The airdrop precedes Optimism's mainnet launch on February 20. Stablecoin protocol HAI has announced an exciting milestone on its path to launching its mainnet on Optimism.
Over 18,000 qualified participants will receive 22.3% of HAI's governance token KITE on Feb. 12 through the airdrop.
The Optimism price continues to display a positive trend by jumping over 6% within the past 24 hours, whereas the major tokens continue to record bearish trends in their respective charts. The Optimism price traded in a consolidated range between $3.595 and $4.
Sui has emerged as a notable player, with its recent performance in the market underscoring robustness and potential. Amidst the dynamic and often unpredictable crypto market, Sui's resilience and growth trajectory are particularly noteworthy.
According to CoinMarketCap, JUP showed volatile movement today, gaining nearly 1% to reach $0.5455. However, the token has primarily traded in the red since its inception.
Jupiter Exchange's native cryptocurrency, the Jupiter token (JUP), birthed a tidal wave of speculations across the global crypto landscape on Monday following its continued price flux momentum amid its community's recent advancements. As per CoinMarketCap's data, the JUP token showcased a highly volatile movement today, gaining nearly 1% as of press time, reaching $0.5455.
Most crypto analysts describe the rise of the altcoin market against Bitcoin (BTC) in the coming months as unavoidable. More investors have been betting on the rise of Ethereum (ETH) since the Solana (SOL) and Injective (INJ) uproar.
February is poised to witness a series of significant token unlocks and airdrops.
Crypto projects like Avalance, Aptos, The Sandbox, Optimism and Sui are set to release millions in vested digital assets this month.
Solana (SOL) endured a challenging period in 2023, plummeting by 60%. However, recent usage statistics suggest a potential comeback, hinting at further gains ahead.
A selling pressure of nearly $1 billion will potentially flood the crypto market due to huge token unlocks. Notably, Optimism (OP), Avalanche (AVAX), The Sandbox (SAND), Aptos (APT), and Sui (SUI) are the projects with the highest unlocks.
Polygon introduced major developments to its ecosystem in June 2023, including a new token and a possible change to its proof of stake blockchain, which might become a data availability layer.
Optimism will release $81 million worth of OP tokens next week to reward the projects investors and core contributors.
In a massive phishing scam, $12 million vanished from four victims within five days, exposing critical gaps in cryptocurrency security. The prevalent use of create2, a standard tool, empowers malicious actors to exploit temporary addresses and sidestep wallet defenses based on address blacklists.
Ethereum ETFs are poised to be the next big catalyst within the cryptocurrency market in early 2024 heading into late spring.
While Optimism (OP) and Arbitrum (ARB) dominate the layer2 industry, they have noted substantial dips in total value locked lately. L2Beats data shows the altcoin saw TVL reductions within the last 24 hours. Arbitrum's total value locked has plummeted by 10.40% to $9.93 billion, whereas Optimism's 14.45% drop placed the same metric at $4.94 billion.
Beam wallet developer Eco acquired the Join shopping app, allowing it to provide users with Amazon and Shopify payment options.
The crypto market is at an interesting juncture characterized by fear and optimism for a massive rally into the bull market. Most investors are jittering following the post Bitcoin ETF approval sell-off which pushed Bitcoin price to trim gains from its recent peak at $49,000 to below $39,000.
The crypto market welcomed this week with the wrong foot at the market cap of all digital coins plummeted by 5% to $1.5 trillion from $1.6 trillion. Optimism (OP) joined this drawdown, closing the previous week with a nearly 20% price plunge to press time value of $2.83.
Despite facing over 20% weekly losses, Optimism (OP) remains resilient in weathering the market challenges.
In a significant development for the decentralized finance (DeFi) sector, Mode, a Modular DeFi Layer 2 network, has been announced as the recipient of a generous grant from the Optimism Foundation. The grant, comprising up to 2 million OP tokens valued at around $5.3 million, is poised to catalyze user growth incentives on Mode's platform.
