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Crypto King Mazhar

06/08 07:18

 Top Layer 2 Tokens Set to Rise Once Ethereum (E

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Top Layer 2 Tokens Set to Rise Once Ethereum (ETH) Price Reaches $3000

Ethereum's price is still stuck within a bullish pattern and is approaching the edge with huge momentum that may result in a massive breakout

With this breakout, many sectors of cryptos are expected to thrive, including the Layer 2 tokens including Arbitrum and Optimism

Layer 2 tokens often derive their value from the Ethereum ecosystem, as they rely on Ethereum for security and settlements. Whenever the ETH price rises, confidence in the broader network increases, often boosting demand for Layer 2 solutions due to scalability needs. Conversely, falling ETH prices can reduce activity and investor interest across the ecosystem, impacting Layer 2 token valuations. Here are some of these tokens, which are waiting for the Ethereum price to secure levels above $3000 that could push the prices of these Layer 2 tokens beyond the bearish range. 

1) $ARB  
2) $ZK  
3) $STRK  
4) $OP
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