Ethereum

Arbitrum

Mantle

<p>The post <a href="https://coinpedia.org/price-analysis/top-layer-2-l2-altcoins-to-stack-ahead-of-the-ethereum-etf-launch/" rel="noopener noreferrer nofollow">Top Layer-2 (L2) Altcoins To Stack Ahead Of The Ethereum ETF Launch!</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The cryptocurrency market continues to record significant price volatility with the listing of the Ethereum ETF hours away. Notably, the <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" target="_blank" rel="noopener noreferrer nofollow">ETH price</a> is listed at $3,520 with a trading volume of $20.871 Billion. With this, the Layer-2 tokens have gained significant attention from the crypto space.</p>
<p>Planning on investing in Layer-2 tokens? But confused about its prospects? Scroll down as, in this article, we have covered the market sentiment, price analysis, and potential short-term price targets of the top three L2 tokens.</p>
<h2 class="wp-block-heading" id="h-polygon-matic-price-action">Polygon (MATIC) Price Action:</h2>
<p>The <a href="https://coinpedia.org/price-prediction/matic-network-matic-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">MATIC price</a> has added approximately 1% to its portfolio within the past day with a trading volume of $220.704 Million, a change of -2.43%. Further, it has added 2.56% within the past seven days. With a market cap of $5.316 Billion, it has secured the 21st rank in the global crypto list.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd4boyLL01Gpb0iMqfSBss8YTgmAK7nNt7I07BN4RSkvi4lRKRTwNqIUz0TxgV8Yl-uYBtJAd6RD7lwMo8_3-Pa5Qrbj5xRou7edstX0mq7RujyTm0gc9KcwNDeFcQStWY7Vqa5Ne2VuBv2hnoVMElihhnG?key=3D6KkPvoT85tn6zypeHWxQ" alt="Polygon Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: MATIC/USDT
 </figcaption>
</figure>
<p>The technical indicator, MACD, has displayed a constant decline in the green histogram, highlighting a decline in the buying pressure within the crypto space. Further, the averages show a high possibility of a bearish convergence, suggesting a mixed sentiment for the MATIC price.</p>
<p>If the market holds the <a href="https://markets.coinpedia.org/polygon/" target="_blank" rel="noopener noreferrer nofollow">Polygon price</a> above its crucial support level of $0.50, the bulls will prepare to test its resistance level of $0.6900 in the coming time. However, if the bears dominate the market, the MATIC coin price will plunge toward its new low.</p>
<h2 class="wp-block-heading" id="h-mantle-mnt-price-analysis">Mantle (MNT) Price Analysis:</h2>
<p>The Mantle price has continued trading under a bullish sentiment by adding 2.51% within the past 24 hours and 20.57% over the last seven days. Further, it has a Year-to-Date (YTD) return of 38.93% and a market capitalization of $2.914 Billion.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdJIuox8yHdGucFsM-ULDkkgbbA6F8mRsk1_Cgx_9YFPidcU4916YGKEiqmzuofgrZq5w6T0XyNbWqueKKH2vLKJBv16rIxmRgLxvvIosYateb7Xput7jhEvJcFhC5eI0n4Pxj2OwsO4eFWABKIlniwvkac?key=3D6KkPvoT85tn6zypeHWxQ" alt="Mantle Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: MNT/USDT
 </figcaption>
</figure>
<p>The RSI indicator continues hovering close to its overbought range, indicating weak buying and selling pressure in the crypto market. On the other hand, the EMA 50/200-day shows a high possibility of a Golden Cross in the 1D time frame.</p>
<p>If the market continues trading under a bullish influence, the Mantle price will head toward its upper resistance level of $1.140. Conversely, if a trend reversal occurs, the MNT price will plunge toward its low of $0.7130.</p>
<h2 class="wp-block-heading" id="h-arbitrum-arb-price-action">Arbitrum (ARB) Price Action:</h2>
<p>Amid increased price volatility in the cryptocurrency market, the <a href="https://coinpedia.org/price-prediction/arbitrum-arb-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Arbitrum price</a> has jumped 2.78% within the past day and approximately 10% over the past week. Moreover, with a YTD drop of 48.61%, the ARB price has secured the 36th spot with a market cap of $2.666 Billion.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfc-aTgVLMEO0Cljr8S24T-t_a-hfqmnJjXedZFy4yNICg6kfM4gv6R9FacNcixByANmwDiqGW2zZ-OC_xa3WcS6kktKY5O8j9IhHiCP3Wb-OVSGJSPR4MgmeZNIO-gO6DdtuLk0SqfLydW4VzrVOXt2f8e?key=3D6KkPvoT85tn6zypeHWxQ" alt="Arbitrum Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: ARB/USDT
 </figcaption>
</figure>
<p>The technical indicators, RSI and MACD both display a weak price action in the 1D time frame. This highlights uncertainty in the future price action of the Arbitrum crypto.</p>
<p>Positive price action could result in the <a href="https://markets.coinpedia.org/arbitrum/" target="_blank" rel="noopener noreferrer nofollow">ARB price</a> preparing to test its upper resistance level of $1.4315 during the upcoming weeks. Conversely, a breakdown could result in it plunging toward its low of $0.3575 in the coming time.</p>

Top Layer-2 (L2) Altcoins To Stack Ahead Of The Ethereum ETF Launch!

Innholdsfortegnelse

CoinPedia News

Andre artikler publisert på 23. juli 2024

EXCLUSIVE: How AI Can Unlock The True Potential Of Web3

Marathon Digital fined $138M for non-circumvention agreement breach

BlackRock’s IBIT records biggest inflow day since March at $523M

Non Playable Coin Soars 112.34% Weekly After Elon Musk’s Post

Democrats Poised To Win Back Crypto Voters Amid Biden’s Departure – Expert

Bitcoin Price Prediction: BlackRock’s BTC ETF Records Largest Inflows Since March As Investors Fl...

Bli med på vårt gratis nyhetsbrev for daglige kryptooppdateringer!