Notable activity is occurring in the Layer 3 sector of the altcoin markets. Degen (DEGEN), Xai (XAI), Orbs (ORBS), and Aavegotchi (GHST) have caught the eye of investors due to their potential to provide significant returns on portfolios. Experts predict that these altcoins could see their value increase by 5 to 10 times or more in the current market trend.

Degen (DEGEN)

DEGEN is a cutting-edge Layer 3 network operating on Ethereum's Layer 2 infrastructure that has gained investor interest and increased significantly in value, rising by 172 percent since its inception. The creation of Degen Chain by Syndicate.io has further boosted interest in DEGEN as a cost-effective Layer 3 network specifically designed for the Degen community.

Currently, DEGEN is valued at $0.04463, showing a 6% increase in the last 24 hours and a remarkable 128% surge in the past week, indicating strong growth momentum. With a market value of $632 million and ranked 219th on CoinMarketCap, DEGEN is considered a significant player in enhancing cryptocurrency portfolios.

Xai (XAI)

XAI presents an innovative concept that bridges real-world economies with the latest video games, eliminating the need for traditional gamers to possess crypto wallets for trading in-game assets seamlessly.

Although XAI experienced a slight 3.30% decrease in the last 24 hours, its price remains at $1.06 with a market capitalization of $292 million, placing it at the 239th spot on CoinMarketCap. Since its launch, XAI has seen a 56% price increase.

Orbs (ORBS)

ORBS focuses on scalability, affordability, performance, and user-friendliness in its blockchain network, with a recent integration with Quickswap on Polygon zkEVM expanding liquidity options for users. Despite a 1.13% price decrease in the last 24 hours, ORBS maintains a market value of $128 million, ranking 410th on CoinMarketCap with strong trading activity exceeding $7 million.

Aavegotchi (GHST)

GHST operates as a governance token in the Aavegotchi NFT Gaming universe, granting investors decision-making power in AavegotchiDAO. The recent adoption of Base as the settlement Layer for Gotchichain aligns with Aavegotchi games' transition to a dedicated Layer 3 environment.

GHST currently trades at $3.30, showing a 25% surge in the last 24 hours. Over the past week, the price of GHST has increased by 98%, and over the past month, it has surged by 198%.

This information was first reported by COINTURK NEWS: Layer 3 Altcoins Attract Attention with Potential for High Returns.