Altcoins
3 Oversold Layer 2 Altcoins to Buy As June Crypto Rally Approaches
The crypto market is currently experiencing downward trends after recent corrections, affecting several layer 2 cryptocurrencies. Of these, three altcoins appear significantly undervalued and poised for a rally. Polygon (MATIC), Immutable (IMX), and Arbitrum (ARB) are leading investment candidates as the market prepares for a potential rally in June.
1. Polygon (MATIC)
Polygon (MATIC), a key Layer 2 solution, is designed to supercharge Ethereum by improving its scalability and interoperability without changing its core structure. It works using a series of sidechains that significantly reduce costs and improve Ethereum’s processing capabilities. This setup is particularly beneficial for users facing high transaction fees.
Polygon Price Chart
Recently, MATIC has seen a significant decline in its market value, with an 8% decline over the past month. Currently, Polygon price is at $0.602, representing a 1% drop in just 24 hours. Currently positioned among the top 20 cryptocurrencies by market capitalization, which stands at $5.95 billion, MATIC is considered a potential buy, especially as the crypto market anticipates a rally in June.
2. Immutable (IMX)
Immutable (IMX) has established itself as the best layer two solution for NFT scaling on the Ethereum blockchain, solving critical issues such as scalability, user engagement, liquidity and delays. development. This innovative platform transforms the traditional limitations associated with Ethereum, improving both the speed and efficiency of NFT transactions and associated applications.
Immutable price table
In recent developments, Unchangeable price fell to $1.76. This represents a drop of 14% over the past week and 27% over the past month. Currently, it ranks 39th on CoinMarketCap with a market capitalization of $2.6 billion.
3. Arbitration (ARB)
Arbitrum (ARB), a leading scaling solution for Ethereum, uses optimistic rollups to increase transaction speeds while ensuring that Ethereum’s core security features remain intact. This technology increases throughput and reduces costs, improving overall efficiency.
Arbitrum Price Chart
Recently, the Arbitrum token has seen a slowdown, dropping 2.21% to $0.9285 over the past 24 hours. Monthly figures show a slight decline of 0.04% and a decline of 7% for the week, positioning it as a potentially undervalued asset ahead of an expected rise in the cryptocurrency market in June. The flow CoinMarketCap the ranking is 38, with a market capitalization of $2.6 billion.
Conclusion
As June approaches, investors might consider focusing on altcoins like Polygon, Immutable, and Arbitrum. All three have shown resilience and growth potential despite broader market fluctuations, making them attractive to those looking to purchase promising crypto assets.
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