CoinMarketCap charts on Dec. 22 show Optimism, Oasis Network, and Arbitrum are the day’s top crypto gainers, with over 18% growth each.
Taking the top spot is Optimism (OP), a layer-two blockchain on top of Ethereum. The token, which currently sits at $2.97, showed a price increase of 26.9% in the last 24 hours, marking part of a rather successful year for Optimism. At the time of writing, the network boasts nearly six million addresses with a balance, reflecting a substantial 391% growth from earlier in the year.
Optimism’s positive outlook is partially fueled by Lisk’s collaboration with Optimism and Gelato, signaling a shift from Layer 1 to an Ethereum Layer 2 solution. In this transition, Lisk intends to migrate its LSK tokens onto the Ethereum platform.
Holding steady in the second spot is Oasis Network (ROSE), sitting at $0.1224, with a notable surge of 22.3% in the last 24 hours. Growth for the token is said to be a response to the introduction of the Universal Privacy Alliance (UPA), a coalition of web3 projects, including the Oasis Network, Protocol Labs, Filecoin Foundation, and Aztec Network led by Nym aimed to safeguard and advance digital privacy rights globally.
Taking the third spot on the leaderboards is Aribtrum (ARB), currently priced at $1.34, with a price increase in the last 24 hours of 18.2%. Positioned as an Ethereum layer-two (L2) scaling solution, Arbitrum employs optimistic rollups to enhance speed, scalability, and cost-efficiency on the Ethereum network, with recent news of Arbitrum integrating NEAR Data Availability (DA) for developers engaged in building Ethereum rollups being attributed to the latest hike.
Recent news in the altcoin market aligns with a video uploaded on Dec. 21, where a crypto market analyst from the well-known YouTube channel Crypto Banter expressed an optimistic perspective on the altcoin market.
Highlighting the total cryptocurrency market cap, excluding Bitcoin (BTC) and Ethereum (ETH), surpassing crucial resistance levels, the analyst suggests that this development indicates the potential initiation of a new bullish phase for altcoins.