Bitcoin Layer 2 Coins Surge Following BTC Halving Event 2024
Bitcoin Layer 2 coins have experienced a surge in value following the successful halving event of Bitcoin on April 19. STX, the native cryptocurrency of Stacks, has seen a 20% increase in value, making it one of the top-performing cryptos in the top 25 list. Other Layer 2 coins such as Elastos' ELA token and SatoshiVM's SAVM have also seen an increase in value. The surge in transaction volumes and speculation following the introduction of the Runes protocol has led to a spike in transaction fees, with the average fee reaching its highest level since early 2018. However, transaction fees have since cooled down to a range of $8-$10 for medium-priority transactions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Is It Too Late to Buy MOCA? Moca Coin Price Skyrockets 48% And This Might Be The Next Crypto To Explode
Token distribution protocol ZAP reaches $100 million valuation with latest funding
ZAP announced that it has raised $15.1 million in total funding.The Blast-based token distribution protocol has reached a token valuation of $100 million, ZAP’s pseudonymous founder and CEO Francis told The Block.
