{"id":260043,"date":"2024-03-06T17:29:53","date_gmt":"2024-03-06T11:59:53","guid":{"rendered":"https:\/\/dripp.zone\/news\/5-under-1-ethereum-layer-2-altcoins-to-buy-as-dencun-upgrade-beckons-crypto-news\/"},"modified":"2024-03-06T17:29:56","modified_gmt":"2024-03-06T11:59:56","slug":"5-under-1-ethereum-layer-2-altcoins-to-buy-as-dencun-upgrade-beckons-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/5-under-1-ethereum-layer-2-altcoins-to-buy-as-dencun-upgrade-beckons-crypto-news\/","title":{"rendered":"5 Under $1 Ethereum Layer 2 Altcoins To Buy As Dencun Upgrade Beckons &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400;\">The impending <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/ethereum-dencun-upgrade-these-six-layer-2-platforms-to-benefit-the-most\/\"><span style=\"font-weight: 400;\">Dencun<\/span><\/a><span style=\"font-weight: 400;\"> update, poised for March 13, is set to elevate Ethereum, potentially driving its price above $3,800 amidst bullish trends. This significant upgrade highlights <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/ethereum\/\"><span style=\"font-weight: 400;\">Ethereum\u2019s<\/span><\/a><span style=\"font-weight: 400;\"> enduring advancements and its crucial role within the blockchain sphere.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Drawing attention to five promising <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/ethereum-dencun-upgrade-these-six-layer-2-platforms-to-benefit-the-most\/\"><span style=\"font-weight: 400;\">Ethereum Layer 2 <\/span><\/a><span style=\"font-weight: 400;\">altcoins priced under $1: Skale (SKL), Loopring (LRC), Mantle (MNT), Myria (MYRIA), and Gelato (GEL). These tokens, emblematic of innovation and scalability within Ethereum\u2019s ecosystem, present compelling opportunities for portfolio diversification in anticipation of the Dencun event.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<h2><strong>1. Skale (SKL)<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Skale (SKL) stands at the forefront of the decentralized world, offering a groundbreaking network designed for developers. It\u2019s a unique platform that supports the creation of custom blockchains and decentralized apps, all within Ethereum\u2019s vast ecosystem. This initiative directly addresses Ethereum\u2019s scalability hurdles and the high cost of gas fees, providing a viable alternative for developers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The network\u2019s currency, the SKL token, follows the ERC-777 standard, fulfilling a dual purpose. It not only incentivizes network participation through staking rewards but also plays a pivotal role in governance decisions.\u00a0<\/span><\/p>\n<figure id=\"attachment_184376\" aria-describedby=\"caption-attachment-184376\" style=\"width: 704px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/SKALE-price-chart.png\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-184376\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/SKALE-price-chart.png\" alt=\"5 Under $1 Ethereum Layer 2 Altcoins To Buy As Dencun Upgrade Beckons\" width=\"704\" height=\"471\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/SKALE-price-chart.png 704w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/SKALE-price-chart-300x201.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/SKALE-price-chart-150x100.png 150w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/SKALE-price-chart-272x182.png 272w\" sizes=\"auto, (max-width: 704px) 100vw, 704px\"\/><\/noscript><\/a><figcaption id=\"caption-attachment-184376\" class=\"wp-caption-text\">Skale price chart<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Presently, <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/currencies\/skale-network\/\"><span style=\"font-weight: 400;\">SKL<\/span><\/a><span style=\"font-weight: 400;\"> is priced at $0.1054 despite a slight decrease of 5.76% in the last day. However, it has surged by more than 45% in the recent month. With a market cap of $546 million, it ranks as the 140th largest cryptocurrency.<\/span><\/p>\n<h2><strong>2. Loopring (LRC)<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Loopring (LRC), a pioneering Ethereum layer-2 solution, leverages \u201czkRollup\u201d technology for superior DEX performance. This approach consolidates transactions away from the chain. It employs zero-knowledge proofs to achieve reduced costs and enhanced transaction speeds compared to Ethereum\u2019s mainnet operations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The platform\u2019s native token, LRC, plays a crucial role in staking, governance, and securing fee reductions within the ecosystem. As \u201czkRollups\u201d continues to gain prominence as a top-tier layer-2 methodology, Loopring is poised for significant growth in 2024. This positions it as a key alternative coin purchase ahead of the anticipated Dencun network upgrade.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p><span style=\"font-weight: 400;\">Currently, LRC\u2019s price stands at $0.3503, witnessing a 7.03% drop over the past day following a modest market adjustment. Positioned at 154th on <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/currencies\/loopring\/\"><span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\">, its market capitalization is now $478 million.<\/span><\/p>\n<h2><strong>3. Mantle (MNT)<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Mantle (MNT) has swiftly risen within the Ethereum Layer 2 network rankings, clinching the fourth spot in Total Value Locked (<\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/defillama.com\/chain\/Mantle\"><span style=\"font-weight: 400;\">TVL<\/span><\/a><span style=\"font-weight: 400;\">) just two months after launch. This climb reflects a surge in investor interest, buoyed by an Annual Percentage Yield (APY) of 7.2%. Boasting the ability to process up to 200 transactions per second, Mantle underscores its processing strength. Its performance heralds a robust challenge to its peers in the Layer 2 space.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With its efficient and scalable nature, <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/currencies\/mantle\/\"><span style=\"font-weight: 400;\">Mantle<\/span><\/a><span style=\"font-weight: 400;\"> has become a notable contender. The token\u2019s price now sits at $1.01, following an uptick of more than 12% in the preceding week. Such growth earmarks it as one of the prime cryptocurrencies for purchase today.<\/span><\/p>\n<h2><strong>4. Myria (MYRIA)<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Myria emerges as a purpose-built Ethereum Layer 2 scaling solution, focusing on NFTs, blockchain gaming, and more. Developed in partnership with StarkWare, Myria\u2019s solution promises instant trade confirmations and zero gas fees for NFT transactions. This is achieved without compromising the security of user assets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Using StarkWare\u2019s STARK prover and Zero-Knowledge Rollup (ZK-Rollup) technology, Myria can compress numerous transfers into a single transaction. This efficiency enables it to support up to 9,000 transactions per second (TPS). Presently, <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/currencies\/myria\/\"><span style=\"font-weight: 400;\">Myria\u2019s token <\/span><\/a><span style=\"font-weight: 400;\">value is $0.01454, marking a 2.17% increase over the last 24 hours.<\/span><\/p>\n<h2><strong>5. Gelato Network (GEL)<\/strong><\/h2>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p><span style=\"font-weight: 400;\">Gelato Network (GEL), a pioneering decentralized network, leverages bot technology for the automation of smart contract operations across major public blockchains like Ethereum, Polygon, and Fantom. This innovation allows web3 developers to delegate their DevOps requirements. Consequently, they can dedicate their efforts entirely to developing their primary product.<\/span><\/p>\n<figure id=\"attachment_184377\" aria-describedby=\"caption-attachment-184377\" style=\"width: 704px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/Gelato-price-chart.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-184377\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"5 Under $1 Ethereum Layer 2 Altcoins To Buy As Dencun Upgrade Beckons\" width=\"704\" height=\"471\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/Gelato-price-chart.png 704w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/Gelato-price-chart-300x201.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/Gelato-price-chart-150x100.png 150w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/Gelato-price-chart-272x182.png 272w\" data-lazy-sizes=\"(max-width: 704px) 100vw, 704px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/Gelato-price-chart.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-184377\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/Gelato-price-chart.png\" alt=\"5 Under $1 Ethereum Layer 2 Altcoins To Buy As Dencun Upgrade Beckons\" width=\"704\" height=\"471\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/Gelato-price-chart.png 704w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/Gelato-price-chart-300x201.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/Gelato-price-chart-150x100.png 150w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/Gelato-price-chart-272x182.png 272w\" sizes=\"auto, (max-width: 704px) 100vw, 704px\"\/><\/noscript><\/a><figcaption id=\"caption-attachment-184377\" class=\"wp-caption-text\">Gelato price chart<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The latest price of GEL stands at $0.7671, marking a 5.28% increase over the past 24 hours. Positioned at number 485 in <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/currencies\/gelato\/\"><span style=\"font-weight: 400;\">CoinMarketCap\u2019s<\/span><\/a><span style=\"font-weight: 400;\"> rankings, Gelato boasts a market capitalization of $84 million. The network reports a circulating supply of 109,951,523 GEL coins, while the maximum supply remains undisclosed.<\/span><\/p>\n<h2><strong>Bottom Line<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">The Dencun upgrade positions Ethereum for a pivotal leap, making SKL, LRC, MNT, MYRIA, and GEL attractive prospects. These altcoins, emblematic of innovation and scalability within Ethereum\u2019s ecosystem, offer a unique investment opportunity ahead of a transformative moment in blockchain technology, spotlighting the potential for growth and diversification.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/5-under-1-ethereum-layer-2-altcoins-to-buy-as-dencun-upgrade-beckons\/\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/markets\/5-under-1-ethereum-layer-2-altcoins-to-buy-as-dencun-upgrade-beckons\/\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA184374\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD184374\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. 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This significant upgrade highlights Ethereum\u2019s enduring advancements and its crucial role within the blockchain sphere.\u00a0 Drawing attention to five promising Ethereum Layer 2 altcoins priced under $1: Skale (SKL), Loopring (LRC), Mantle (MNT), [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":249123,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-260043","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/260043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=260043"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/260043\/revisions"}],"predecessor-version":[{"id":260044,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/260043\/revisions\/260044"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/249123"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=260043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=260043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=260043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}