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Top Ethereum-Based Layer-2 Chains to Keep a Close Watch in Q4 2022

The post Top Ethereum-Based Layer-2 Chains to Keep a Close Watch in Q4 2022 appeared first on Coinpedia Fintech News

The Ethereum-based layer 2 solutions are gaining huge attention in recent times due to the fees 

Polygon (MATIC) 

Matic price, in recent times, has leaped beyond the crucial levels while Bitcoin & other altcoins were heavily consolidating. It surged above the resistance at $0.84 and marked the monthly highs at around $0.87. While the asset is appearing to be poised to rise beyond $0.9 to reach pivotal levels at $0.98, surpassing $0.94. By the end of the monthly trade, MATIC’s price is expected to trade above $1.

Loopring (LRC)

Loopring also has plunged significantly from the monthly highs a couple of times, forming a bearish double-top pattern. Hence, it appears that the price may undergo a minor pullback to test the local bottoms at around $0.24. Furthermore, the bulls are expected to regain the bullish momentum and propel high to reach $0.28 initially and head towards $3. 

OMG Network (OMG) 

The OMG network after bouncing from the lows at around $1.46 is maintaining a firm upswing forming constant higher highs & lows. Despite the recent rejection from $1.65, the asset appears to be pretty bullish as it may ignite a firm upswing anytime from now. With an upswing, the price may eventually rise beyond $1.7 to reach $1.72 initially and later at $1.75.

Skale Network (SKALE)

The Skale Network price has declined hard and presently trading at the same levels, it traded a week ago. Hence the price trend is expected to reverse anytime from now which may ignite a rebound at the earliest. With a rebound, the price may eventually reach the local resistance at $0.036 quickly. If the bulls managed to sustain at these levels, a notable upswing may elevate the price beyond $0.04 before the end of October 2022. 

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