- OP, ARB, and IMX surged over the last 24 hours, with OP registering the highest gain of 23.5+%.
- ETH’s bullish momentum can be the reason Layer-2 cryptocurrencies are performing.
- After breaking above a key resistance level, Michael van de Poppe predicted that ETH could break $3K in Q1 of 2024.
The total market cap for Layer-2 projects jumped 5.5% over the past 24 hours, according to CoinMarketCap. As a result, the collective valuation of Layer-2 projects stood at more than $16.217 billion as of press time.
Leading the charge in this category of cryptocurrencies were Optimism (OP), Arbitrum (ARB), and Immutable (IMX). All three of these altcoins saw their prices surge throughout the past day of trading.
OP recorded the largest 24-hour increase of the three cryptocurrencies, as its price jumped by more than 23.5% in the last day. This boosted the altcoin’s value to $2.18 at press time. The latest increase in price also pushed OP’s weekly performance deeper into the green to +28.70%.
The next biggest gain was posted by ARB, after its price climbed 7.60%. Subsequently, the Layer-2 cryptocurrency’s price stood at $1.17. Although not as impressive as…
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