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3 coins to buy now before Ethereum hits $5,000
Cryptocurrency investors are always looking for the next big opportunity. With Ethereum, the second largest cryptocurrency by market capitalization, expected to reach $5,000 in the near future, investors are exploring alternative currencies that could offer significant returns.
In this article, we will discuss three promising cryptocurrencies worth considering before Ethereum reaches this milestone: PEPE, Optimism, and Arbitrum.
Read too: Cryptocurrency: Top 3 Coins to Watch as BNB Hits New ATH
PEPE
Despite its cheerful name, PEPE has shown impressive price performance, currently trading at $0.00001456, an increase of 1.79% in the last 24 hours.
The coin’s 24-hour low and high are at $0.00001422 and $0.00001518, respectively, indicating a healthy level of volatility that could lead to significant gains for investors who correctly time their entry and exit points .
Read too: Shiba Inu Becomes Most Traded Crypto in India
Optimism
Optimism, with its native OP token, is a Layer 2 scaling solution for Ethereum that aims to improve network scalability and reduce transaction costs.
By utilizing optimistic rollups, Optimism enables faster and cheaper transactions while maintaining the security of the Ethereum mainnet. OP is currently trading at $2.51, up 0.18% in the last 24 hours, with a 24-hour low of $2.47 and a high of $2.55.
As Ethereum continues to grow and more users adopt Layer 2 solutions, Optimism is well positioned to benefit from this trend, making it an attractive investment option.
Read too: Ripple: Could XRP Hit $0.6 This Weekend?
Arbitration
Arbitrum, another Layer 2 scaling solution for Ethereum, has been gaining traction among developers and users. By leveraging optimistic rollups, Arbitrum enables faster and cheaper transactions while maintaining compatibility with the Ethereum ecosystem.
The platform’s native token, ARB, is currently trading at US$1.11, down 0.26% in the last 24 hours, with a 24-hour low of US$1.10 and a maximum of US$1.14. As more decentralized applications (dApps) and users migrate to Layer 2 solutions, Arbitrum adoption is expected to grow, potentially leading to an increase in the value of ARB.
It is crucial for investors to identify promising opportunities beyond well-established players like Ethereum. PEPE, Optimism and Arbitrum represent three cryptocurrencies with growth potential, each offering unique value propositions and use cases.