Optimism, Oasis Network, and Arbitrum Dominate the Crypto Gainers Chart
Optimism, Oasis Network, and Arbitrum emerged as the top gainers in the cryptocurrency market on December 22, according to charts from CoinMarketCap. Optimism, a layer-two blockchain built on Ethereum, took the top spot with a 26.9% price increase in the last 24 hours, currently priced at $2.97. The network has experienced significant growth throughout the year, with nearly six million addresses holding a balance, reflecting a 391% increase from earlier in the year.
Optimism’s positive outlook is partly attributed to its collaboration with Lisk and Gelato, signaling a shift to an Ethereum Layer 2 solution. Lisk, in particular, plans to migrate its LSK tokens onto the Ethereum platform.
In the second spot, Oasis Network saw a notable surge of 22.3% in the last 24 hours, currently priced at $0.1224. The growth is attributed to the introduction of the Universal Privacy Alliance (UPA), a coalition of web3 projects focused on advancing digital privacy rights globally.
Arbitrum secured the third spot with an 18.2% price increase in the last 24 hours, currently priced at $1.34. As an Ethereum layer-two scaling solution, Arbitrum utilizes optimistic rollups to improve speed, scalability, and cost-efficiency on the Ethereum network. The recent integration of NEAR Data Availability (DA) for developers building Ethereum rollups has contributed to the surge in price.
In recent news, a well-known crypto market analyst from the YouTube channel Crypto Banter expressed optimism about the altcoin market. The analyst highlighted the surpassing of crucial resistance levels by the total cryptocurrency market cap, excluding Bitcoin and Ethereum, suggesting the potential start of a new bullish phase for altcoins.
