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The new wave of memecoins and L2: check out 5 unmissable cryptocurrencies
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The memecoin cycle has continued to rise sharply since the end of 2024, but gained even more traction in 2024 after big names gained valuations of more than 1,000%. However, Another segment has also seen an increase in community interest: Layer 2 networksor L2.
After all, these networks are essential in the role of reducing costs and making small token operations cheaper. Therefore, L2 tends to stand out as the expansion of other projects remains high. Today Let’s present five L2 and memecoin projects to keep an eye on in 2024:
The CELO token is native to the blockchain of the same name, which is a platform focused on mobile accessibility and global financial inclusion. Just like other L2 networks, Celo’s goal is to enable affordable payments and micro transactions with low fees.
To achieve this, Celo uses stablecoins such as USDT and USDC, in addition to integrating identity solutions and sustainability-oriented projects. Once a blockchain of its own, Celo is transitioning to operate as a layer 2 in the Ethereum ecosystemincluding with the support of the creator of Ethereum himself, Vitalik Buterin.
CELO
This token is for those who like to earn money while exercising. The aim of the Movement project is to encourage users to adopt healthy lifestylessuch as walking or running. In return, whoever does this receives rewards via blockchain through the project’s token, MOVE.
The MOVE token is associated with apps and devices that track physical activity, rewarding users for achieving wellness goals. That “move-to-earn” model was successful and then fell into oblivionbut MOVE promises to bring back interest in it – and appreciation in the price of its token.
Using the famous ZK-rollup scalability technology, Scroll is yet another layer 2 project on Ethereum. Like other projects of its kind, Scroll aims to reduce transaction costs and increase speed.
On the other hand, the use of ZK-rollup serves to maintain the security and decentralization of the Ethereum network, allowing the project to leverage its operations in a safe manner. This project suffered losses throughout 2024, but the price of its token recovered and experienced a large appreciation in recent months.
Remember the famous “WallStreetBets“, a movement that gained strength in 2021 by causing sharp rises in shares of practically bankrupt companies? Because just as the members of the famous Reddit forum hated big funds, Wall Street Pepe hates the big whales that manipulate the price of memecoins.
And since Wall Street Pepe hates that whales are hiding in closed groups, he decided to create his own group, the WEPE Token Army. The project is divided into four chapters that range from the hunt for speculators to the search for fortune by small traders.
The new wave of memecoins and L2: check out 5 unmissable cryptocurrencies
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The new wave of memecoins and L2: check out 5 unmissable cryptocurrencies
