Layer 1 – The Missing piece in a successful Portfolio
In today’s fast-growing crypto market, Layer 1 (L1) stands out as a very attractive option, offering outstanding profit potential that any investor should keep an eye on. So, which promising Layer 1 might be missing from your portfolio?
Why Is Layer 1 So Important?
Think of Layer 1 as the backbone of any blockchain. Everything (transactions, dApps, and even smart contracts) runs on this primary layer. Since Layer 1 projects handle key operations like transaction processing and network security, they often focus heavily on creating tech that can resist hacking attempts. This gives long-term investors more confidence.
Looking at past crypto booms in 2017 and 2021, Layer 1 projects consistently delivered some of the best returns. That track record alone makes them a strong choice if you’re aiming for high gains.
Opportunities in Promising but Undervalued Layer 1s
As 2024 unfolds, we’ve seen some Layer 1s experience explosive growth—such as SOL, up around 300%, or SUI, climbing about 1000%. Still, there are other potentially strong Layer 1s that haven’t truly taken off yet:
- ETH (Ethereum): With a massive market cap and near “dominance” in the smart contract space, ETH continues to roll out upgrades (like The Merge) to improve its network. However, it hasn’t experienced a strong price surge lately, showing only around 40% growth at current levels. This leaves plenty of room for a significant price run, making ETH a potentially attractive bet (chart 👇).
BNB (BNB Chain): Supported by Binance, one of the largest cryptocurrency exchanges in the world, BNB has a strong foundation and a loyal community of HOLDERS. Regular Launchpool and Launchpad events add real utility and keep investors engaged, helping increase demand and drive price momentum, making BNB stand out in a crowded crypto market (chart 👇).
- TON (Toncoin): Known for its ultra-fast transaction speeds and built by a team originally from Telegram, TON has been gaining a lot of attention lately. Massive recent airdrop campaigns have also helped attract more users and increase buying demand (chart 👇
