HomeNewsCoin Bureau's Guy Turner Bullish on Ethereum Layer-3 Altcoins: Sees Potential for...

Coin Bureau’s Guy Turner Bullish on Ethereum Layer-3 Altcoins: Sees Potential for 100x Gains

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  • Xai (XAI), a gaming-centric project built on Arbitrum, shows potential growth, trading at $1.02.
  • Orbs (ORBS) serves as a decentralized backend between layer-1 and layer-2, supporting web3, DeFi, NFTs, and GameFi.

Guy Turner, host of the Coin Bureau YouTube channel, recently discussed the potential of Ethereum layer-3 scaling solutions. Addressing his audience of 2.46 million subscribers, Turner highlighted that layer-3 technologies, which are developments built on top of layer-2 solutions, could significantly enhance the functionality of applications in gaming and decentralized finance (DeFi).

Turner pointed out the potential for substantial growth in the native tokens of these layer-3 projects. He identified Degen Base (DEGEN) and Xai (XAI) as his top picks in this category. 

Degen Base, associated with the Base layer-2 project backed by Coinbase, initially launched as a meme coin and now incentivizes user engagement on Farcaster, a decentralized social media platform similar to Twitter. 

Related: EIP-3074: Ethereum’s Pectra Upgrade to Enhance User Experience

This token has become popular among developers, content creators, and crypto traders.

Another project Turner mentioned is Xai, a gaming-focused platform built on the Arbitrum layer-2 solution. At the time of his update, DEGEN was trading at $0.0355, while XAI had a value of $1.02.

Furthermore, Turner discussed Orbs (ORBS), which he described as a layer-3 solution that functions as a decentralized backend, positioned between layer-1 and layer-2. 

Read more: Ethereum’s Restaking Service EigenLayer Sees Massive Inflows, Revolutionizes Blockchain Security

Orbs are designed to enhance both Ethereum Virtual Machine (EVM) compatible and non-EVM compatible smart contracts, supporting a variety of applications including web3, DeFi, non-fungible tokens (NFTs), and GameFi, which combines gaming with DeFi. 

Turner’s insights into these layer-3 solutions reflect the evolving complexity and potential within the Ethereum ecosystem.

The current price of Bitcoin (BTC-USD) is approximately $62,373.50, showing a decrease of 6.81% as of the latest update. 

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Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: info@ethnews.com Phone: +49 160 92211628