The Bitcoin ecosystem is abuzz as the halving event approaches in just two days. This milestone will potentially catalyze a new bull market, drawing fresh attention to Layer 2 crypto to buy solutions. 

Among these, Stacks (STX), MAP Protocol (MAPO), Elastos (ELA), and SatoshiVM (SAVM) stand out as compelling choices for investors aiming to capitalize on post-halving momentum. Each of these platforms offers unique enhancements to Bitcoin’s scalability and functionality, promising substantial growth prospects.

1. Stacks (STX)

Stacks (STX) has become a groundbreaking layer on top of Bitcoin, enabling smart contracts and decentralized applications (DApps) to utilize Bitcoin as a base asset. This innovation allows transactions to be finalized on the Bitcoin network. Currently, Stacks price is experiencing a downturn, with its value at $2.30, marking a 3% decline over the past day.

Bitcoin, the premier and most stable decentralized cryptocurrency, gains additional functionality with Stacks. This platform accesses Bitcoin’s immense $500 billion market for DApp settlements. The Stacks ecosystem’s growth, especially in Total Value Locked (TVL), has been rapid and impressive. 

SatoshiVM price chart

The latest figures from DefiLlama data show that Stacks has reached a new high in TVL, achieving $133.94 million. This achievement underscores its position as a leading Bitcoin layer 2 option for investors eyeing the bullish market trend in 2024.

2. MAP Protocol (MAP)

MAP Protocol (MAP): A pioneering Layer 2 solution on the Bitcoin network and a decentralized, omnichain platform, MAP Protocol utilizes both lightweight clients and cutting-edge zero-knowledge (ZK) technology. Its primary aim is to enhance cross-chain communication and interoperability.

As of today, the value of MAP Protocol stands at $0.0255, witnessing a remarkable increase of over 10% in the last 24 hours. This positions it as a prime investment for the anticipated bull market in 2024. In the CoinMarketCap rankings, it occupies the 398th spot with a market capitalization of $110 million.

3. Elastos (ELA)

Elastos (ELA) is a platform that envisions a blockchain-enabled internet iteration. A significant innovation from Elastos is the development of BeL2. This Layer 2 solution employs SmartWeb technology to transform Bitcoin transactions. Presently, Elastos trades at $3.20, experiencing a modest rise of 0.23%. It ranks 503rd on CoinMarketCap, with a market valuation of $70 million.

By integrating SmartWeb technology into the creation of the Bitcoin Layer 2 network BeL2, Elastos aims to enhance the Bitcoin network’s capabilities and scalability through smart contracts. This initiative is poised to unlock the immense potential of staked Bitcoin assets, fostering a smart economic framework.

4. SatoshiVM (SAVM)

SatoshiVM (SAVM) introduces a decentralized ZK Rollup Layer2 solution, seamlessly integrating with the Ethereum Virtual Machine (EVM) and utilizing native BTC for transaction fees. This innovative platform merges the EVM and Bitcoin networks, permitting the issuance of assets and the creation of applications within the Bitcoin ecosystem.

Stacks price chart

Currently, SatoshiVM is trading at $4.74, experiencing a modest decline of 0.89% over the last 24 hours. Positioned at number 2551 on CoinMarketCap, it boasts a market capitalization of $33.18 million. The token consistently maintains a value above the $4 mark despite the market’s fluctuations. This stability positions SAVM as a promising investment for the anticipated 2024 market surge.

Bottom Line

As the Bitcoin halving event draws near, Stacks, MAP Protocol, Elastos, and SatoshiVM present innovative opportunities for investors. These Layer 2 solutions are preparing to enhance Bitcoin’s performance post-halving and are set to play significant roles in the upcoming crypto bull run of 2024.

The post 2 Days To Halving, Here Are 4 Bitcoin Layer 2 Crypto To Buy For 2024 Bull Run appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am