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Ethereum Layer-3 Altcoins Have ‘Serious 100x Potential’, Says Coin Bureau’s Guy Turner – Here Are His Top Picks

source-logo  dailyhodl.com 12 April 2024 10:37, UTC

The host of the Coin Bureau channel Guy Turner is expressing bullish sentiment on Ethereum (ETH) layer-3 scaling solutions.

Turner tells the 2.46 million subscribers of the Coin Bureau YouTube channel that the native tokens of layer-3s (the scaling solutions built atop layer-2s) have massive upside potential going forward.

“The thing is layer-3s are also super efficient, making them perfect for things like gaming, decentralized finance (DeFi) and much much more besides. As such, layer-3 chains and the cryptos launching on them have some serious 100x potential.”

Among Turner’s top layer-3 picks include Degen Base (DEGEN) which is built on the Base layer-2 project, an Ethereum scaling solution backed by Coinbase crypto exchange, and Xai (XAI).

Says Turner,

“Not surprisingly its native Degen [chain] token was originally launched as a meme coin but also aims to reward engagement on its channel on Farcaster, a sort of decentralized version of Twitter. Since then Degen has garnered the attention of developers, content creators and enthusiasts alike…

Another layer-3 is Xai, a gaming-focused project that’s built on Arbitrum.”

DEGEN is trading at $0.0355 at time of writing while XAI is changing hands at $1.02.

Next up is Orbs (ORBS).

“Now Orbs is a layer-3 that’s actually sandwiched between the layer-1 and the layer-2s serving as a decentralized backend to enhance EVM (Ethereum Virtual Machine) and non-EVM compatible smart contracts to support things like web3, DeFi, NFTs (non-fungible tokens) and GameFi (gaming and DeFi).”

ORBS is trading at $0.0431 at time of writing.

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