Bitcoin price plunged to a low of $65,977 on Friday, triggering a correction in most altcoins. Layer 3 cryptocurrencies, Aavegotchi, Dream Machine Token, and Degen noted double-digit declines on Friday. Orbs and Xai prices wiped out their weekly gains on April 5. The double-digit correction in Layer 3 token prices is likely catalyzed by Bitcoin price drop below $66,000 on April 5.
Layer 3 tokens Aavegotchi , Dream Machine Token , Degen , Orbs , and Xai suffered losses between 5% and 28% in their prices. As seen on CoinGecko, Orbs and Xai prices are down 12% and 18% on the weekly timeframe, respectively. Layer 3 tokens The Layer 3 token narrative has gained popularity as the class of tokens that prioritize the user while deriving speed from a Layer 2 chain and security from a Layer 1 chain, like Ethereum.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tron’s Bitcoin layer 2 plan could see ’wrapped’ USDT flow into BitcoinJustin Sun’s Tron is looking to build a Bitcoin layer-2 solution to support a “wrapped” version of USDT on Bitcoin.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Lorenzo Protocol announces strategic integration with Babylon to revolutionize Bitcoin's application layerAt a time when development on Bitcoin reaches new heights, Lorenzo Protocol stands at the forefront of reshaping the Bitcoin infrastructure and DeFi landscape
Source: Cointelegraph - 🏆 562. / 51 Read more »
Source: Crypto_Potato - 🏆 568. / 51 Read more »
VC Roundup: Investors move into cross-chain, Bitcoin layer-2,=and institutional toolsVenture capital firms are moving to seize market share amid the current bull cycle.
Source: Cointelegraph - 🏆 562. / 51 Read more »