Crypto expert Guy Turner, known for his insights on the Coin Bureau YouTube channel, has expressed bullish sentiment toward Ethereum’s layer-3 scaling solutions.
However, these layer-3 solutions are built on the layer-2 frameworks, offering efficient and versatile capabilities suited for various sectors, including gaming and decentralized finance (DeFi).
Turner believes that native tokens of layer-3 chains and associated cryptocurrencies have the potential for significant gains. Though he has identified layer-3 top altcoins with the potential for 100x returns in 2024.
In his recent YouTube video, Turner highlighted the layer-3 top altcoin which includes Degen Base (DEGEN), Xai (XAI) & Orbs (ORBS).
Degen Base (DEGEN)
One of the top picks highlighted by Turner is Degen Base (DEGEN), which is built on the Base layer-2 project. Initially launched as a meme coin, DEGEN has evolved into an engaging platform that rewards user participation.
With increasing interest from developers, content creators, and enthusiasts, DEGEN’s potential continues to grow. Currently, DEGEN is trading at $0.000069, showing a 1.34% decline over the past 24 hours.
Xai (XAI)
Another promising layer-3 solution is Xai (XAI), a gaming-centric project built on Arbitrum’s layer-3 infrastructure. XAI aims to shake the gaming industry by leveraging the benefits of layer-3 scaling solutions.
With its strategic integration of layer-3 scaling solutions, XAI is poised to make a substantial impact in the gaming sector. Despite recent market fluctuations, XAI is currently trading at $1.03, reflecting a 3.34% decline over the past 24 hours, coupled with a notable drop in trading volume amounting to $24 million.
Orbs (ORBS)
Lastly, Turner draws his attention towards Orbs (ORBS), a layer-3 solution facilitating decentralized backend operations between layer-1 and layer-2 networks. ORBS enhances Ethereum’s capabilities, supporting various applications such as web3, DeFi, NFTs, and GameFi.
As of now, ORBS stands at $0.043, showing a 7.8% surge over the last 24 hours. Despite this surge, the market cap for ORBS remains steady at $147.7 million.
Also Read : Bitcoin Halving Countdown: Will Miners Survive the Profit Squeeze? Here’s the Truth
As the crypto market continues to evolve layer-3 scaling solutions are opening up a world of possibilities in decentralized applications. With their efficiency and versatility, these solutions have the potential to revolutionize various industries, including gaming and DeFi.
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