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Layer 3 Altcoins Gain Traction Among Crypto Investors

Apr 4, 2024

The altcoin market, particularly Layer 3 networks, is experiencing increased interest from investors. Altcoins like Degen (DEGEN), Xai (XAI), Orbs (ORBS), and Aavegotchi (GHST) are being closely monitored for their potential to provide significant returns on investment, potentially seeing their values increase by five to tenfold or more as the market continues its positive trend.

Degen (DEGEN) Sees Strong Growth

DEGEN, leveraging Ethereum's Layer 2 infrastructure, has attracted investor attention and experienced a remarkable price increase of 172% post-launch. The introduction of Degen Chain by Syndicate.io has contributed to this surge, offering a cost-effective solution for the Degen community. Trading at $0.04463, DEGEN has shown a consistent upward trend with a 6% rise in a day and 128% increase over the past week, positioning it as a lucrative asset for crypto investors.

Xai (XAI) Innovates in Gaming and Economy

XAI is revolutionizing the integration of real-world economies with immersive gaming experiences, simplifying ownership and exchange of in-game assets. Despite a recent minor dip of 3.30%, XAI's current price of $1.06 and $292 million market cap mark a 56% increase since its inception.

Orbs (ORBS) Focuses on Scalable Solutions

ORBS is dedicated to providing scalable, affordable, and user-friendly blockchain solutions, recently integrating with Quickswap on Polygon zkEVM to enhance liquidity options. Despite a slight 1.13% decline, ORBS maintains a market cap of $128 million, with active trading signaling market confidence.

Aavegotchi (GHST) Elevates NFT Gaming Experience

Governance token GHST for the Aavegotchi NFT Gaming universe grants holders decision-making authority in AavegotchiDAO. Transitioning to Base for settlement on Gotchichain, GHST has surged to $3.30 with a 25% daily increase and substantial gains over the week and month.

Key Considerations

  • DEGEN showcases significant market growth, indicating investor confidence and momentum.
  • XAI offers an inventive investment avenue by merging gaming and economic transactions.
  • ORBS' liquidity expansion positions it for future development.
  • GHST's distinct role in the NFT gaming sector contributes to its rising value.

The evolving Layer 3 altcoin landscape reflects a blend of innovation and profitability, offering attractive prospects for investors seeking to diversify their crypto portfolios.

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