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Author Topic: LAYER 2 projects to HOLD waiting for the next uptrend of the cryptocurrency.  (Read 317 times)
Husires
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September 22, 2023, 08:46:05 AM
 #21

The L2 bet is based on the fact that gas prices will rise insanely and this will make investors prefer it, but if Ethereum transaction fees continue to be reasonable and the number of transactions being confirmed increases quickly, I do not expect these projects to rise in the coming years.
If you want to reduce losses, invest in Ethereum. If it succeeds and prices continue at low limits and quick confirmations, the price will rise and you will have made profits, and if a problem occurs, L2 prices will rise. Here, all of polygon (MATIC) and Arbitrum (ARB) are two good options.
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September 23, 2023, 03:18:01 AM
 #22

The L2 bet is based on the fact that gas prices will rise insanely and this will make investors prefer it, but if Ethereum transaction fees continue to be reasonable and the number of transactions being confirmed increases quickly, I do not expect these projects to rise in the coming years.

Well, it's because we are in bears, when market turns the tide users will inflow and gas fees will rise again. Also, Ethereum scaling is to be done via l2 rollups like arbitrum/optimism, so I expect these projects to rise. Until ethereum natively scales, l2s will have use.
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September 23, 2023, 07:19:39 PM
 #23

The L2 bet is based on the fact that gas prices will rise insanely and this will make investors prefer it, but if Ethereum transaction fees continue to be reasonable and the number of transactions being confirmed increases quickly, I do not expect these projects to rise in the coming years.
If you want to reduce losses, invest in Ethereum. If it succeeds and prices continue at low limits and quick confirmations, the price will rise and you will have made profits, and if a problem occurs, L2 prices will rise. Here, all of polygon (MATIC) and Arbitrum (ARB) are two good options.
Yeah, which is risk people are taking with the entire layer2 ecosystem. There are so many layer 2 projects out there and ALL of them bet that gas fee will be higher enough to make people want to use these instead. If they are right and if people do not want to pay those high gas fees and if enough people feel fed up and move to their project then these will go up, but if even one of those things do not happen just enough, that means they are not going to go up.

This is why it is definitely a risky move and I would not be entirely sure about doing something like this. There are situations where the future of the deal depends on the long term and what happens in the middle from here until then, and this is one of those investments.

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September 24, 2023, 12:42:27 AM
 #24

The L2 bet is based on the fact that gas prices will rise insanely and this will make investors prefer it, but if Ethereum transaction fees continue to be reasonable and the number of transactions being confirmed increases quickly, I do not expect these projects to rise in the coming years.
If you want to reduce losses, invest in Ethereum. If it succeeds and prices continue at low limits and quick confirmations, the price will rise and you will have made profits, and if a problem occurs, L2 prices will rise. Here, all of polygon (MATIC) and Arbitrum (ARB) are two good options.
current ETH gas is 7 gwei and in average each transactions requires $0.21 for it to be executed meaning its already fairly high if compared with other L1 and this is at bearish market where ethereum quite literally is dumping so hard.
I would expect the fee to somehow increase to the point $2-$4 in the bullrun and might even be more when there's massive increase in transactions, even though there are L2, many coins would still deployed in ethereum blockchain.
so i don't think L2 is that useful yet when the ecosytsem is filled with shitcoins.

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September 24, 2023, 01:30:45 PM
 #25

Out of all the L2s that I’ve been engaging on, I am potentially looking at Linea zkEVM and zkSync ERA. When it comes to zkSync ERA, I really liked the fact that they do have a partial refund feature every time we spend on the gas for interacting in the swaps, bridges, etc.

As for Linea, the ones behind are Consensys who is also the one creating Metamask and has a confirmed MASK token under the Ethereum network. They have very big funding last time compare to the other new L1s and L2s that I am engaging on, so this is definitely on my watch whenever they are going to launch their token in the future.
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September 24, 2023, 02:45:40 PM
 #26

Matic has been decent for a while now and I think they will continue to be top ranked among these for a while too, but in order to see them gain any proper attention we need to first see things like ETH to have a huge gas fee again. Not like that is impossible, we could possibly have that but that doesn't mean that we are going to, it could maybe lead to not having something like that as well.

Hopefully things could be a lot more important and change a bit but I think it is going to be similar. In a better world ETH wouldn't have any gas fee issues and it would be cheap which would mean that MATIC or any other layer 2 would not be needed and wouldn't be even existing right now. So, we have to wait and see how it will go.

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September 25, 2023, 12:19:03 AM
 #27

Out of all the L2s that I’ve been engaging on, I am potentially looking at Linea zkEVM and zkSync ERA. When it comes to zkSync ERA, I really liked the fact that they do have a partial refund feature every time we spend on the gas for interacting in the swaps, bridges, etc.

As for Linea, the ones behind are Consensys who is also the one creating Metamask and has a confirmed MASK token under the Ethereum network. They have very big funding last time compare to the other new L1s and L2s that I am engaging on, so this is definitely on my watch whenever they are going to launch their token in the future.
agreed with linea it seems so promising but both zksync and linea still have unclear criteria in regard of their token and whether they gonna have airdrop or not but I think arbitrum and linea gonna be massive
in the future.
right now linea is already having massive supports and both zksync and linea will be listed day 1 they release their token on exchange but the question is how we can get the token whether through investing or airdrops.
the difficult thing is getting allowed to participate in their event.

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September 30, 2023, 10:44:22 PM
 #28

the only disadvantage with L2 is the fact that they always have their value plummeting after listing though, optimism, arbitrum, and many more just outright never increase again.
I don't know why but i guess its due to the fact that these L2 really just having hypes and then just vanish into thin air not having utility thats truly needed but certainly i could be mistaken about this.

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October 01, 2023, 12:51:02 AM
 #29

the only disadvantage with L2 is the fact that they always have their value plummeting after listing though, optimism, arbitrum, and many more just outright never increase again.

Arb, op are doing fine, they haven't plummeted that much, and I'm sure they will rise good once bulls arrive.

Quote
I don't know why but i guess its due to the fact that these L2 really just having hypes and then just vanish into thin air not having utility thats truly needed but certainly i could be mistaken about this.

Some L2s are useful, especially the maiden ones, some appear just to cash in the hype and won't be around for much longer.
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October 01, 2023, 07:16:36 AM
 #30

the only disadvantage with L2 is the fact that they always have their value plummeting after listing though, optimism, arbitrum, and many more just outright never increase again.
I don't know why but i guess its due to the fact that these L2 really just having hypes and then just vanish into thin air not having utility thats truly needed but certainly i could be mistaken about this.
In this market, I think it is necessary to be more open when talking about the price of a cryptocurrency, when comparing from the beginning to ATH,... it is a journey of them and if they have entered the state of When speculating, the criteria is to wait and take profits at the right time.
There are many different phases that make people doubt the potential of certain sectors that are emerging because we are basically in a bearish market state, and it is not attractive for investors or developers vibrant activities. Doubt will soon be replaced by regret as the trends in question become more widespread.

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