Optimism, Oasis Network, and Arbitrum Lead Crypto Gainers
The top crypto gainers on Dec. 22 are Optimism, Oasis Network, and Arbitrum, each experiencing over 18% growth.
Optimism: A Successful Year with Positive Outlook
Optimism (OP), a layer-two blockchain on Ethereum, takes the top spot. With a price increase of 26.9% in the last 24 hours, Optimism currently sits at $2.97. The network has seen significant growth throughout the year, with nearly six million addresses holding a balance, reflecting a 391% increase.
Lisk Collaborates with Optimism
Lisk’s collaboration with Optimism and Gelato signals a transition from Layer 1 to an Ethereum Layer 2 solution. Lisk plans to migrate its LSK tokens onto the Ethereum platform, contributing to Optimism’s positive outlook.
Oasis Network: Notable Surge and Privacy Alliance
Oasis Network (ROSE) holds steady in the second spot with a price of $0.1224. It has experienced a surge of 22.3% in the last 24 hours. The token’s growth is attributed to the formation of the Universal Privacy Alliance (UPA), which aims to protect and advance digital privacy rights globally.
Arbitrum: Enhancing Ethereum Scalability
Arbitrum (ARB) secures the third spot with a price of $1.34 and an 18.2% increase in the last 24 hours. As an Ethereum layer-two scaling solution, Arbitrum utilizes optimistic rollups to improve speed, scalability, and cost-efficiency on the Ethereum network. Its integration of NEAR Data Availability (DA) for Ethereum rollup developers has contributed to its recent price surge.
Altcoin Market Shows Promise
A recent video by a crypto market analyst on the YouTube channel Crypto Banter suggests an optimistic perspective on the altcoin market. The analyst highlights the altcoin market cap, excluding Bitcoin and Ethereum, surpassing crucial resistance levels. This development indicates the potential start of a new bullish phase for altcoins.
Hot Take: Altcoin Market Gains Momentum
The altcoin market is seeing notable growth as Optimism, Oasis Network, and Arbitrum emerge as the top gainers. Optimism’s successful year and collaboration with Lisk contribute to its positive outlook. Oasis Network’s surge is attributed to its involvement in the Universal Privacy Alliance, while Arbitrum’s integration of NEAR Data Availability enhances its scalability on the Ethereum network. With the altcoin market cap surpassing resistance levels, there is potential for further bullish momentum in the coming days.
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