- MATIC might hit $1.50 if bulls break the resistance at $1.24.
- IMX’s bullish structure was a result of its L2 and gaming fundamentals, indicating a further push to $4.50.
- Sellers did not allow buying dominance on the OP chart, suggesting a decline below $4.40.
In the coming days, Layer 2 tokens might be in the spotlight after cryptocurrencies with gaming fundamentals took the shine during the weekend. According to CoinMarketCap, gaming tokens like Gala (GALA) jumped by 61.34% in the last seven days. Pixel (PIXEL) climbed by 75.42%, while Ronin (RON) recorded a 25.52% increase.
These prices could be linked to increased capital flowing through that ecosystem. But this week, L2s like Polygon (MATIC), Immutable (IMX), and Optimism (OP) might be the beneficiaries of this high liquidity.
One reason for this projection is the Ethereum (ETH) Dencun upgrade slated for March 13. This upgrade would allow the blockchain’s mainnet to function as a proper database for Layer 2 to store data efficiently.
Beyond that, Ethereum’s co-founder Vitalik Buterin, posted recently that the development would significantly reduce gas fees.
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