The Layer 3 crypto landscape is bustling, with four emerging altcoins, DEGEN, XAI, ORBS, and GHST, transforming investment strategies for those holding $1000 portfolios. Amidst the market’s upward trajectory, these digital assets are spotlighted for their potential.

1. Degen (DEGEN)

Degen (DEGEN), a cutting-edge layer-3 blockchain developed atop Ethereum’s layer 2, has swiftly garnered attention and a surge in transactions. The blockchain’s associated DEGEN token has impressively climbed 172% in value since its debut. 

Syndicate.io made headlines with its announcement of Degen Chain, describing it as an “extremely cost-effective” layer-3 solution tailored for the Degen community. This innovation leverages Arbitrum Orbit, utilizes Base for settlements, and employs AnyTrust to ensure data availability. 

Degen price chart

Currently, the DEGEN token is valued at $0.04463, experiencing a 6% increase over the last 24 hours and an astonishing 128% rise over the past week. These figures underline a vigorous upward trend. 

Presently ranked 219th on CoinMarketCap, Degen Chain boasts a market capitalization of $632 million. This milestone underscores the transformative impact of Altcoins on $1000 crypto portfolios, marking a significant shift in the landscape.

2. Xai (XAI)

Xai (XAI) introduces a revolutionary approach to integrating real economies and enabling open trading in the latest video game generations. This innovation allows countless traditional gamers to possess and exchange valuable in-game assets in their preferred games for the first time, bypassing the necessity for cryptocurrency wallets. 

Currently, the price of Xai stands at $1.06, witnessing a slight dip of 3.30% over the last 24 hours. It occupies the 239th position on CoinMarketCap with a market capitalization of $292 million.

Since its debut, XAI has experienced a 56% increase in price, showcasing a strong upward momentum. This performance underscores its potential to significantly impact $1000 crypto portfolios, marking it as a key player among altcoins.

3. Orbs (ORBS)

Orbs (ORBS), a blockchain network that emphasizes scalability, affordability, performance, and user-friendliness, is gaining attention for its comprehensive blockchain solutions. Tailored for widespread application usage, Orbs offers a decentralized, transparent platform ideal for business and large-scale consumer projects. 

Recently, Orbs’ Layer 3 Liquidity Hub broadened its scope by integrating with Quickswap on the Polygon zkEVM, marking a significant step in providing Quickswap users with enhanced liquidity from the Polygon zkEVM network. 

The latest Orbs price is at $0.040510 per token, witnessing a slight decrease of 1.13% over the past 24 hours. Despite this, Orbs maintains its position in the market with a total capitalization of $128 million, ranking it 410th on CoinMarketCap amidst a trading volume exceeding $7 million.

4. Aavegotchi (GHST)

Aavegotchi (GHST), the governing token of the unique Aavegotchi NFT Gaming universe, empowers its holders with decision-making authority in AavegotchiDAO. This body governs the protocol, its premier game – the Gotchiverse, and the Aavegotchi NFTs. 

Aavegotchi price chart

These NFTs are distinctive pixel ghost characters anchored to the ERC-721 token standard, evolving through interactions over time. Currently, the Aavegotchi price has climbed to $3.30, marking a 25% increase in the last day alone, leading today’s gainers.

A month ago, the team selected Base for the Gotchichain’s settlement layer, signaling its expansion into a dedicated L3 for Aavegotchi gaming. With a remarkable 98% uptick in the past day and a 198% increase over the month, the project shows strong bullish momentum, significantly impacting crypto portfolios worth $1000 with its performance.

Bottom Line

DEGEN, XAI, ORBS, and GHST are redefining the boundaries of cryptocurrency investments, particularly for modest portfolios. These Layer 3 altcoins offer a fresh perspective on growth and diversification in the digital asset space, highlighting the ever-expanding potential of the crypto market.

The post 4 Layer 3 Altcoins Changing $1000 Crypto Portfolios appeared first on CoinGape.

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