Coin Bureau host Guy Turner expects substantial gains for layer-3 scaling solutions on Ethereum. These solutions enhance efficiency, particularly in gaming and DeFi, making their native tokens highly promising. Turner recommends Degen Base (DEGEN), built on Coinbase's Base, Xai (XAI) for gaming, and Orbs (ORBS) as a versatile backend for smart contracts. These layer-3 tokens have significant potential for 100x growth, with DEGEN, XAI, and ORBS currently trading at $0.0355, $1.02, and $0.0431, respectively.
Ethereum Layer-3 Scaling Solutions Poised for Explosive Growth: Coin Bureau Analyst
Renowned crypto analyst Guy Turner, host of the popular Coin Bureau YouTube channel, has expressed unwavering optimism in the future prospects of Ethereum (ETH) layer-3 scaling solutions. Layer-3 solutions, built atop layer-2 protocols, promise to unlock significant efficiency gains and pave the way for innovative decentralized applications.
"Layer-3s offer unparalleled scalability, making them ideally suited for applications such as gaming, decentralized finance (DeFi), and more," Turner told his 2.46 million subscribers. "As a result, layer-3 chains and their native tokens possess immense potential for 100x returns."
Among Turner's top layer-3 picks are Degen Base (DEGEN), built on the Coinbase-backed Base layer-2 project, and Xai (XAI), a gaming-focused project built on Arbitrum.
"DEGEN, initially conceived as a meme coin, has evolved into a platform that rewards engagement on its decentralized Twitter-like platform, Farcaster," Turner explained. "Its native token, DEGEN, has garnered significant attention from developers, content creators, and enthusiasts alike."
XAI, on the other hand, is a gaming-centric layer-3 solution that seeks to revolutionize the gaming industry with its advanced capabilities.
Apart from DEGEN and XAI, Turner also highlighted Orbs (ORBS), a unique layer-3 solution positioned between layer-1 and layer-2 protocols. Orbs serves as a decentralized backend, enhancing the capabilities of EVM (Ethereum Virtual Machine) and non-EVM compatible smart contracts. Its applications span web3, DeFi, NFTs (non-fungible tokens), and GameFi (gaming and DeFi).
"The native tokens of these layer-3 solutions, such as DEGEN, XAI, and ORBS, are currently undervalued and poised to witness significant appreciation in the years to come," Turner concluded. "Investors would be wise to pay close attention to this burgeoning sector, as it holds the potential to transform the Ethereum ecosystem and the wider crypto industry."
