Solana

Arbitrum

Mantle

Polygon

SKALE

The major Layer-2 digital currencies, including Mantle (MNT), Arbitrum (ARB), ImmutableX (IMX), Polygon (MATIC), and SKALE (SKL), have experienced notable declines recently. This trend indicates that <a href="https://coingape.com/price/solana/">Solana</a> rival altcoins to sell in anticipation of potential market changes due to the expected <a href="https://coingape.com/halving/bitcoin-halving/">Bitcoin halving</a> in April 2024. Such strategic sales are affecting the market, suggesting a bearish outlook as the halving event nears. 
<h2 id="strong-1-mantle-mnt-leading-altcoins-to-sell-strong">1. Mantle (MNT): Leading Altcoins To Sell?</h2> 
Mantle (MNT), an Ethereum layer 2 platform, has recently captured attention in the crypto sphere. Impressively, the Mantle coin has surged by 170% since the year began. Over the last month, ARB has risen by 20%.&nbsp; 
The coin’s market capitalization now stands at $4.2 billion. Starting from a modest $0.75 in early March, it reached a peak of $1.51 in the second week of April, setting a new all-time high. 
<figure id="attachment_191135" aria-describedby="caption-attachment-191135" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-191135" src="https://coingape.com/wp-content/uploads/2024/04/Mantle-price-chart.png" alt="5 Solana Rivals Whales Are Selling Before BTC Halving In April" width="710" height="460" srcset="https://coingape.com/wp-content/uploads/2024/04/Mantle-price-chart.png 710w, https://coingape.com/wp-content/uploads/2024/04/Mantle-price-chart-300x194.png 300w, https://coingape.com/wp-content/uploads/2024/04/Mantle-price-chart-150x97.png 150w" sizes="(max-width: 710px) 100vw, 710px">
 <figcaption id="caption-attachment-191135" class="wp-caption-text">
 Mantle price chart
 </figcaption>
</figure> 
However, following this peak, Mantle experienced a correction with a modest decline of 0.89% over the last day. Currently, the <a rel="nofollow" href="https://coinmarketcap.com/currencies/mantle/">Mantle price</a> trades at $1.30. This recent price movement comes ahead of the anticipated Bitcoin halving, a period that often sees significant market activity. Additionally, Mantle has introduced the Mantle Reward Station, a new feature that offers incentives for token staking. 
<h2 id="strong-2-arbitrum-arb-strong">2. Arbitrum (ARB)</h2> 
Arbitrum (ARB) continues to enhance the Ethereum network. This leading layer-2 solution employs optimistic rollups to improve transaction speed, scalability, and cost-efficiency.&nbsp; 
Despite a recent slight downturn of 3% in its price, <a href="https://coingape.com/price/solana/">ARB</a> maintains a strong annual gain of 21%. This growth is reflective of a broader trend of increasing total value locked within the platform, highlighting its expanding influence and adoption. At the time of writing, <a rel="nofollow" href="https://coinmarketcap.com/currencies/arbitrum/">Arbitrum’s price</a> is trading at $1.41, with a notable decrease over the past 24 hours. 
<h2 id="strong-3-immutable-imx-strong">3. Immutable (IMX)</h2> 
Immutable (IMX) is establishing itself as a leading layer-two scaling solution for NFTs on the Ethereum blockchain, specifically addressing scalability limitations, suboptimal user experiences, and protracted development cycles. In the past 24 hours, the price of <a href="https://coingape.com/price/immutablex/">Immutable </a>has fallen by more than 3%, now trading at $2.57, which points to a bearish trend.&nbsp; 
Despite this recent dip, over the past year, IMX price has enjoyed a substantial growth of 140%. Currently, it is ranked 34th on CoinMarketCap with a market cap of $3.6 billion. 
<h2 id="strong-4-polygon-matic-strong">4. Polygon (MATIC)</h2> 
Polygon (MATIC) plays a crucial role as an essential interoperability and scaling framework that boosts Ethereum’s functionality. This platform supports Ethereum by incorporating a network of sidechains, which significantly improves scalability and reduces transaction costs.&nbsp; 
Over the last month, MATIC has seen a remarkable 40% increase in value. However, recent trends show a downturn, with <a href="https://coingape.com/price/polygon/">Polygon price</a> now at $0.8796 after falling below the $1.00 mark. This recent change places Polygon at the 17th position in market capitalization, which currently stands at $8.7 billion. 
<h2 id="strong-5-skale-skl-strong">5. ​​SKALE (SKL)</h2> 
The SKALE network is designed as a modular blockchain network that enhances the scalability of Ethereum. It is the only network capable of supporting an unlimited number of fast, on-demand blockchains with pooled security and without imposing gas fees on end users.&nbsp; 
<figure id="attachment_191136" aria-describedby="caption-attachment-191136" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-191136" src="https://coingape.com/wp-content/uploads/2024/04/SKALE-price-chart.png" alt="5 Solana Rivals Whales Are Selling Before BTC Halving In April" width="712" height="480" srcset="https://coingape.com/wp-content/uploads/2024/04/SKALE-price-chart.png 712w, https://coingape.com/wp-content/uploads/2024/04/SKALE-price-chart-300x202.png 300w, https://coingape.com/wp-content/uploads/2024/04/SKALE-price-chart-150x101.png 150w, https://coingape.com/wp-content/uploads/2024/04/SKALE-price-chart-272x182.png 272w" sizes="(max-width: 712px) 100vw, 712px">
 <figcaption id="caption-attachment-191136" class="wp-caption-text">
 SKALE price chart
 </figcaption>
</figure> 
These blockchains, known as SKALE chains, can be tailored for specific decentralized applications or shared among multiple apps. Currently, <a rel="nofollow" href="https://coinmarketcap.com/currencies/skale-network/">SKALE’s price</a> has seen a decrease of 4.17% over the last 24 hours, now valued at $0.1129. This positions it at 135th on CoinMarketCap, with a total market capitalization of $603 million. 
<h2 id="strong-bottom-line-strong">Bottom Line</h2> 
The cryptocurrency market is bracing for significant shifts as the Bitcoin halving approaches. Key players and investors are making strategic moves, impacting prices and market stability across several prominent Layer-2 platforms. 
The post <a href="https://coingape.com/markets/5-solana-rivals-whales-are-selling-before-btc-halving-in-april/">5 Solana Rival Altcoins To Sell Before BTC Halving In April</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

5 Solana Rival Altcoins To Sell Before BTC Halving In April

Table of Contents

Coingape News Media

Andre artikler udgivet 12. apr. 2024

Will ETH FOMO Rally Kick-In after the Bitcoin Halving? Here is What You Can Expect from Ethereum

XRP: Analyst Eyes Breakout Amidst Market Tug of War

Cathie Wood’s Ark Invest Declares Its Holdings In ChatGPT’s OpenAI

Crypto: Chainlink Revolutionizes Cross-Chain Transfers with Transporter

Starlink ordered to shutdown its services in Zimbabwe

BlastUP (BLP) Joins Dogecoin, XRP, and Cardano in the $1 Race. Who Will Reach This Milestone First?

Join our free newsletter for daily crypto updates!