LAYER 2 projects to HOLD waiting for the next uptrend of the cryptocurrency.

bluebit25

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Quote from: WalkerIVIV on September 30, 2023, 05:44:22 PM

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.

libert19

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Quote from: WalkerIVIV on September 30, 2023, 05:44:22 PM

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.

WalkerIVIV

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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.

JeffBrad12

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Quote from: cheezcarls on September 24, 2023, 08:30:45 AM

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.

el kaka22

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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.

cheezcarls

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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.

shinratensei_

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Quote from: Husires on September 22, 2023, 03:46:05 AM

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.

tygeade

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Quote from: Husires on September 22, 2023, 03:46:05 AM

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.

libert19

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Quote from: Husires on September 22, 2023, 03:46:05 AM

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.

Husires

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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.

libert19

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Quote from: RussianEnglishTranslation on September 21, 2023, 10:20:21 PM

Zealy dot io has lots of bounties too. I have been doing the QUAI bounty daily. All you have to do is retweet their tweets to get tokens. Stuff like that, easy money, it just takes a few minutes per day.

So far my experience with Zealy has been worthless, I did several bounties and reward have been peanuts, also idk it's bug or what on Zealy, I click 'claim reward' on Twitter 'X' bounties without actually doing it and it gets success.

RussianEnglishTranslation

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There are a lot of projects that are waiting for bull market conditions before launching on an exchange. During the bear market they had airdrop campaigns to grow their communities. There is no reason RN to invest in L2s when you can get them for free. Take Q Blockchain for example. If you want to get Q tokens, all you have to do is lock USDC in their lending dApp. There is an APR of 500%. Zealy dot io has lots of bounties too. I have been doing the QUAI bounty daily. All you have to do is retweet their tweets to get tokens. Stuff like that, easy money, it just takes a few minutes per day.

tvplus006

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Quote from: o48o on September 21, 2023, 02:09:44 PM

...If i recall correctly you need both matic and eth to use polygon, while you need only small amount of eth to use arbitrum. ..

No, the native token for Polygon is Matic and it is this coin that is paid for the commission on the network. And that is one of the reasons for the cheap commissions in the Poligon network, since the price of Matic is much lower than the price of ETH.

o48o

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Quote from: bluebit25 on September 19, 2023, 10:18:40 PM

Well, an interesting comparison on this issue, but I'll express my opinion like this

- The nature of NFT is more about hype than the ability to apply it in practical activities, not only on Reddit but in the period when the crypto market was doing well before that NFT appeared in all different forms but I'm really stupid because The real meaning of whether it exists or not, the use of everything is still the same, people's FOMO following that hype trend is only short-term.

- And why at this point am I speculating about L2 being a necessity for the market, to me it's part of the infrastructure to solve the problems I mentioned, and Matic has been doing well with the position they have as well as the potential, it will also be part of the trending. But of course the story of speculation is not too reliable, right now many big names are talking about implementing this and there is absolutely a basis for speculation.

Well we shall se who wins.

But like woul said, hype is only for the token, not the usecase. And hype for token doesn't bring adoption, in fact it could hurt adoption when fees are complex and price of matic so fluctuating.

If i recall correctly you need both matic and eth to use polygon, while you need only small amount of eth to use arbitrum. So in my eyes, simplicity wins the race if we want to lure in normies who struggle with metamask already. This is why i would like to see Arbitrum to win the adoption.

And while i don't see this as simple enough either, we have come a long way from ages before metamask and eth probably gets even more easier to use.

bluebit25

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Quote from: o48o on September 19, 2023, 04:52:09 PM

You say that matic has an advantage of being old. There are other old ones that never got similar adoption, and adoption from reddit is the biggest thing it could hope for. It has introduced so many new people to nft avatars, that i don't think we can even measure how beneficial it has been.

Well, an interesting comparison on this issue, but I'll express my opinion like this

- The nature of NFT is more about hype than the ability to apply it in practical activities, not only on Reddit but in the period when the crypto market was doing well before that NFT appeared in all different forms but I'm really stupid because The real meaning of whether it exists or not, the use of everything is still the same, people's FOMO following that hype trend is only short-term.

- And why at this point am I speculating about L2 being a necessity for the market, to me it's part of the infrastructure to solve the problems I mentioned, and Matic has been doing well with the position they have as well as the potential, it will also be part of the trending. But of course the story of speculation is not too reliable, right now many big names are talking about implementing this and there is absolutely a basis for speculation.

JeffBrad12

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Quote from: jossiel on September 19, 2023, 03:45:11 PM

Quote from: RussianEnglishTranslation on September 08, 2023, 07:10:56 PM

There are a lot of new L1 and L2 projects waiting for the bull market to start before launching. Some of these projects, like Q Blockchain, Lamina1, Mantle, have airdrop and incentive programs for people who participate in their network.

While there could be good new L1 and L2 projects. But the thing with them is that no all of it are worth it to hold.

They're good as the introduction but then will lie low afterwards and that's why it's not a good coin to hold. The three that was mentioned in the OP are the ones that has that potential as well.

Too many of them but they're like the ones that's showing where many are interested with.

agree with this one so many of L2 projects are just gaining momentum at the first listing and went downhill afterwards, its mainly because they are overhyped meanwhile they don't really have that much value in their products.
even their so called L2 are also sometime having as high fee as ethereum so I don't think their sole existence is that useful.
therefore in selecting these L2 projects one also need to know the fact that some of them might just outright losing value overtime.
instead i'd prefer to invest in omnichain project nowadays.

o48o

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Arb is something i would consider as upcoming winner. But i am rather sad that they made a token. It was working perfectly fine without it. Now the whale holders can mess everything up by supporting just ideas that could bring the value up fast. So i am afraid that development is going to be all hype surface without substance.

Quote from: bluebit25 on September 06, 2023, 07:26:39 PM

-cut-
As for MATIC, I see their strength as they have been around for a long time so they have enough experience and strategy.
-cut-

You say that matic has an advantage of being old. There are other old ones that never got similar adoption, and adoption from reddit is the biggest thing it could hope for. It has introduced so many new people to nft avatars, that i don't think we can even measure how beneficial it has been.

jossiel

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Quote from: RussianEnglishTranslation on September 08, 2023, 07:10:56 PM

There are a lot of new L1 and L2 projects waiting for the bull market to start before launching. Some of these projects, like Q Blockchain, Lamina1, Mantle, have airdrop and incentive programs for people who participate in their network.

While there could be good new L1 and L2 projects. But the thing with them is that no all of it are worth it to hold.

They're good as the introduction but then will lie low afterwards and that's why it's not a good coin to hold. The three that was mentioned in the OP are the ones that has that potential as well.

Too many of them but they're like the ones that's showing where many are interested with.

lixer

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Quote from: bluebit25 on September 10, 2023, 12:31:18 AM

Quote from: tvplus006 on September 07, 2023, 01:45:24 PM

It has always been unclear to me why the success of crypto projects is associated with the price of a coin if we do not receive any dividends from owning this coin.

Like this is a pattern of most product projects developed in the crypto market, some prominent names like Metamask, Opensea,... are all very successful and famous products, I think The revenue they earn is huge, and they also don't have any representative coins/tokens even though users always expect that. However, it is clear that if there is no coin/token representing the product, it must be truly recognized by users, and the problem of users using that crypto leads to projects.

I guess that is because they are the early on their field and then the products that they are offering are also good in quality. Most importantly is, the project is legit and the team cares about the community. No wonder why they got successful. With that said, obviously their revenue's are huge. I'm not sure if Opensea has it's own token but I heard Metamask is planning on having one. There is that new Opensea competitor but it's only difference is it has a token.

Even though some don't have it, interacting on their platform's alone can still help us to produce a profit. I don't think lots of users are expecting for more tokens because we have ton's of it in the market already. Some might be, because they think they can get an airdrop.

bluebit25

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Quote from: tvplus006 on September 07, 2023, 01:45:24 PM

It has always been unclear to me why the success of crypto projects is associated with the price of a coin if we do not receive any dividends from owning this coin.

Like this is a pattern of most product projects developed in the crypto market, some prominent names like Metamask, Opensea,... are all very successful and famous products, I think The revenue they earn is huge, and they also don't have any representative coins/tokens even though users always expect that. However, it is clear that if there is no coin/token representing the product, it must be truly recognized by users, and the problem of users using that crypto leads to projects.

Quote from: tvplus006 on September 07, 2023, 01:45:24 PM

The securities market is more understandable, where the price of a security is directly related to the success of the company and, accordingly, dividends.

Yes, I also very much agree with you on this point of view, obviously the crypto market is still too small so there is a lot of chaos within it, strong price fluctuations from easy pump/dump manipulation but of course, if it brings investment opportunities, I think it will be necessary to adapt and learn.

Topic: LAYER 2 projects to HOLD waiting for the next uptrend of the cryptocurrency. (Read 324 times)