Top Arbitrum Coins for the Upcoming Bull Market
In the past year, numerous Layer 2 (L2) projects have emerged, including Base, Mantle, and Manta. Despite this competition, Arbitrum remains in the top position with the highest Total Value Locked (TVL) among all L2 chains, exceeding $2.59 billion. This demonstrates a thriving and robust ecosystem. In this article, we will explore the top 7 Arbitrum coins for the upcoming bull market.
Coin #1 – $DMT
The first coin on our list is $DMT (Dream Machine Token), the native token for Sanko GameCorp’s arcade-style dApp called Sanko Dream Machine. The platform offers various features such as gaming consoles, NFT-related gaming, gambling games, and a Twitch-like streaming service. Sanko has chosen to build its dApp on Arbitrum Orbit for better scaling and lower transaction costs, allowing users to enjoy games and streams with low costs and high speeds. The current price of $DMT is $18, with a market cap of $10.8 million.
Coin #2 – $MOZ
The next coin on our list is $MOZ (Mozaic Finance), the native token for Mozaic Finance. Mozaic aims to optimize yields by leveraging AI and LayerZero technologies. Their main product Archimedes automates farming decisions, and they have two vaults: Hercules Vault for stablecoin deposits and Theseus Vault for deposits of various cryptocurrencies. Mozaic is built on Arbitrum, making its $MOZ token compatible with the Arbitrum chain. The current price of $MOZ is $0.156, with a market cap of $12 million.
Coin #3 – $RAM
The last coin on our list is $RAM (Ramses Exchange), the native token for Ramses DEX. Ramses DEX implements the Ve(3,3) concept, a sustainable tokenomics design that reduces reliance on large liquidity providers and incentivizes user contributions. The DEX has already achieved an impressive $17.8 million in TVL and offers a user-friendly interface. $RAM has multiple use cases, including incentives and locking to receive $veRAM, which grants users governance rights and rewards allocation control. The current price of $RAM is $0.045, with a market cap of $2.58 million.
Conclusion
In this article, we covered three of the top Arbitrum coins: $DMT, $MOZ, and $RAM. Stay tuned for part two, where we will discuss the remaining four coins. The information in this article was inspired by a tweet found here.
Althea Burnett stands as a luminary seamlessly blending the roles of crypto analyst, relentless researcher, and editorial virtuoso into an intricate tapestry of insight. Amidst the dynamic realm of digital currencies, Althea’s insights resonate like finely tuned notes, reaching minds across diverse horizons. Her ability to decipher intricate threads of crypto intricacies harmonizes seamlessly with her editorial finesse, transforming complexity into an eloquent symphony of understanding.