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Altcoin markets are witnessing notable activity in the Layer 3 sector. Degen (DEGEN), Xai (XAI), Orbs (ORBS), and Aavegotchi (GHST) are standout Layer 3 altcoins, drawing attention with their potential to increase portfolio returns. Amidst the general market uptrend, experts expect these altcoins to experience value increases ranging from 5 to 10 times or more.
Degen (DEGEN)
Recognized as a cutting-edge Layer 3 network built on Ethereum‘s Layer 2 infrastructure, DEGEN has quickly garnered investor interest, leading to a significant increase in value. The growing investor interest in DEGEN has resulted in a notable 172 percent increase in value since its inception.
Particularly, the introduction of the Degen Chain by Syndicate.io spiked interest in the altcoin, presenting it as an extremely cost-effective Layer 3 network designed for the Degen community. Degen Chain leverages Arbitrum Orbit, Base, and AnyTrust, positioning itself as a significant representative of efficiency and innovation in the blockchain ecosystem.
At the time of writing, DEGEN is trading at $0.04463, indicating a notable 6% rise in the last 24 hours and an impressive 128% surge over the past week, signaling strong upward momentum. Listed at 219th on the crypto data and price platform CoinMarketCap with a market value of $632 million, DEGEN emerges as a key player in enhancing gains in crypto portfolios.
Xai (XAI)
XAI stands out by offering a groundbreaking change that facilitates the integration of real-world economies with the latest generation of video games. This innovative approach eliminates the need for traditional gamers to have crypto wallets, allowing seamless ownership and trading of valuable in-game assets.
Despite a slight 3.30% decrease in the last 24 hours, XAI’s price stands at $1.06, with a market capitalization of $292 million, ranking it 239th on CoinMarketCap. Data shows that the altcoin has experienced a 56% price increase since its launch.
Orbs (ORBS)
ORBS is a blockchain network that prioritizes scalability, affordability, performance, and user-friendliness, catering to a wide range of applications. The recent integration with Quickswap on Polygon zkEVM, which expanded liquidity options for Quickswap users, marks a significant milestone.
At the time of writing, despite a 1.13% decrease over 24 hours, ORBS maintains a market value of $128 million, ranking 410th on CoinMarketCap amidst strong trading activity exceeding $7 million.
Aavegotchi (GHST)
GHST, serving as a governance token in the unique Aavegotchi NFT Gaming universe, distinguishes itself by granting investors decision-making authority in AavegotchiDAO. The project’s recent choice of Base as the settlement Layer for Gotchichain corresponds to Aavegotchi games’ expansion into a dedicated Layer 3.
Featuring unique pixel ghost characters that evolve through interactions, GHST has seen a notable price increase, rising to $3.30 with a 25% surge in just the last 24 hours. According to data, GHST’s price has increased by 98% over the past week and 198% over the past month.
