5 Rollups Tokens To Buy Before Ethereum Dencun Upgrade – CoinGape
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The Ethereum Dencun update, set for March 13, promises to be a game-changer, propelling Ethereum past the $3,000 threshold amid a bullish market trend. This pivotal upgrade brings into focus five roll-up tokens: Arbitrum (ARB), Immutable (IMX), CKB, StarkNet’s (STRK), and Metis (METIS), which are poised for significant growth.
These assets are at the heart of Ethereum’s scalability and efficiency enhancements, offering investors a golden opportunity to capitalize on the evolving blockchain landscape.
Arbitrum (ARB), a leading layer-2 solution, is revolutionizing the Ethereum blockchain by enhancing smart contracts. ARB’s innovative use of optimistic rollups propels Ethereum’s efficiency forward, focusing on speed, scalability, and cost-effectiveness.
This technology boosts Ethereum’s performance and integrates additional privacy features, making it a robust companion to the Ethereum mainnet. With the security and compatibility of Ethereum at its core, Arbitrum offers users significantly higher transaction throughput and reduced fees.
The Arbitrum network recently experienced a significant uplift, marking a 5% increase in value, now at $1.82. This recent growth is part of a larger movement witnessing a rise in the Total Value Locked (TVL) within the platform. Such trends hint at a burgeoning bullish phase for Arbitrum in the marketplace, showcasing its growing appeal and trust among users.
Immutable (IMX) is setting a new standard as a layer-two scaling solution for NFTs on the Ethereum blockchain. IMX tackles the platform’s main issues, including scalability limits, a less-than-ideal user experience, and sluggish development times.
By facilitating instant trade executions and the ability to expand operations significantly, Immutable is transforming the NFT marketplace. Furthermore, it offers users the unique opportunity to mint and trade NFTs without incurring gas fees, positioning it as a top investment choice.
The platform ensures the utmost security for both users and their digital assets. In recent developments, Immutable has seen an impressive rally, with its value climbing to $3.19. This represents a growth of 3.04% in just a few days and an astonishing 76% increase over the month. Such figures highlight the platform’s robust bullish trend in the market, emphasizing its increasing popularity and investment potential.
Nervos Network’s token (CKB) is at the heart of an innovative blockchain architecture that prioritizes scalability and robust security. This platform is an ideal environment for developers seeking to navigate the complexities of the blockchain trilemma without sacrificing decentralization.
Presently, CKB is trading at $0.01522, showcasing a significant uptick of 17% in the last week alone and an impressive 365% growth over the previous month. These figures underscore the token’s solid standing in the market and the growing interest from investors, positioning it as a top contender for the best altcoin investment.
StarkNet (STRK), a pioneering permissionless decentralized Validity-Rollup, enhances the Ethereum ecosystem by offering scalable solutions for dApps. This L2 network leverages the most advanced cryptographic proof system, STARK, ensuring that applications can scale without losing out on Ethereum’s composability and security.
StarkNet has seen its value climb to $1.89, a modest increase of 0.48% in the last 24 hours. The network achieved its peak price of $5.30 on February 20, 2024. A notable uptick in market activity, driven by increasing token unlocks, has positioned StarkNet as a prime investment opportunity. STRK ranks 60th on CoinMarketCap, boasting a market capitalization of $1,373,966,594.
Metis (METIS), an innovative Layer2 framework, is setting the stage for the Web 3.0 economy by reducing gas costs, enhancing transaction efficiency by scaling functionality, and simplifying development processes.
With the backing of a substantial $400 million from the Metis Ecosystem Fund and the imminent launch of its decentralized sequencer alpha mainnet in March, Metis is poised for significant growth.
Despite a recent 4.89% decrease in price to $103.44, MetisDAO has experienced a surge exceeding 28% in market value over the last month, highlighting its potential as a solid investment in the altcoin space.
In conclusion, the Dencun hard fork is more than an update; it’s a catalyst for growth in the Ethereum ecosystem, spotlighting rollup tokens ARB, IMX, CKB, STRK, and METIS. For those looking to invest in the future of decentralized finance, these tokens offer a unique blend of potential and innovation, marking a strategic entry point ahead of Ethereum’s transformative upgrade.
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