On December 22nd, according to CoinMarketCap charts, Optimism, Oasis Network, and Arbitrum emerged as the top crypto gainers of the day, each experiencing a growth of over 18%.
Securing the first position is Optimism (OP), a layer-two blockchain built on top of Ethereum. The token, currently valued at $2.97, saw a significant price surge of 26.9% in the past 24 hours, indicating a successful year for Optimism. The network now boasts nearly six million addresses with a balance, showing a remarkable 391% growth since the beginning of the year.
Optimism’s positive momentum is attributed to its collaboration with Lisk and Gelato, signaling a shift towards an Ethereum Layer 2 solution. This move will involve the migration of Lisk’s LSK tokens onto the Ethereum platform.
Maintaining its position in second place is Oasis Network (ROSE), priced at $0.1224, with a notable increase of 22.3% in the last 24 hours. The surge in growth is linked to the launch of the Universal Privacy Alliance (UPA), a coalition of web3 projects, including Oasis Network, Protocol Labs, Filecoin Foundation, and Aztec Network led by Nym, aimed at promoting and protecting digital privacy rights globally.
In the third spot on the leaderboard is Arbitrum (ARB), currently trading at $1.34, with an 18.2% price increase in the past 24 hours. Positioned as an Ethereum layer-two (L2) 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 working on Ethereum rollups is credited with the latest surge in price.
Recent developments in the altcoin market align with a video released on December 21st by a crypto market analyst from the popular YouTube channel Crypto Banter. The analyst expressed an optimistic outlook for the altcoin market, highlighting the total cryptocurrency market cap, excluding Bitcoin (BTC) and Ethereum (ETH), surpassing crucial resistance levels, indicating a potential start of a new bullish phase for altcoins.