Top Layer 2 (L2) Coins List on Gate Market

Welcome to Gate! Founded by Dr. Han in 2013, our platform provides the latest cryptocurrency prices, charts, and data for the emerging market. Gate is the world's first mainstream exchange with a 100% reserve commitment. By partnering with Armanino LLP, a renowned American auditing firm, we regularly publish Merkle Tree open-source solutions, enabling users to verify that their assets are fully backed and securely stored on Gate.

Gate provides real-time market data and professional trend analysis for over 4,200 cryptocurrencies worldwide, aiming to help you stay up-to-date with accurate price trends and the latest market developments. Our platform offers real-time updates on cryptocurrency prices, including changes over the past hour, 24 hours, and 7 days. We also display trading volumes for the past 24 hours and current market capitalization. Additionally, Gate features clear and concise 7-day price trend charts to help you understand market volatility.

Gate determines cryptocurrency prices by using a formula that takes into account the trading volume and average prices of specific cryptocurrency pairs across different exchanges. Although the prices of cryptocurrencies can vary slightly between exchanges, these differences are generally not significant. The factors contributing to these variations include: investment attractiveness, supply and demand, mining difficulty or hash rate, changes in regulatory policies, and volatility of popular cryptocurrencies. Each cryptocurrency is traded in different markets, each with its own economic conditions and levels of liquidity. These factors can also lead to variations in calculated prices across different exchanges.

The Gate Price section features prices and charts for over 4,200 cryptocurrencies, including popular ones like Bitcoin, Ethereum and Tether, as well as various other tokens with different market values. Bookmark this page to monitor price trends and identify optimal investment opportunities.

For a cryptocurrency to become a hot coin, there must be clear positive factors in the market that lead to increased buying volume and drive its price up. Social media buzz often amplifies interest, with enthusiasts proclaiming imminent surges, further fueling market excitement. Beneath this noise, several key factors typically contribute to the upward momentum of hot coins. While some factors are logical, the market can often be irrational, leading to significant price fluctuations. This is why Technical Analysis is essential to determine whether it is the right and safe time to enter the market.

The first cryptocurrency was Bitcoin. Since it was open source, others could modify the code with minor changes and launch their own independent currencies. This practice is quite common. Some of these new coins are very similar to Bitcoin, with only a few features modified (like Litecoin), while others differ significantly in terms of security, issuance, and governance models. Despite these differences, all coins launched after Bitcoin are collectively known as altcoin.

In January 2024, the U.S. Securities and Exchange Commission approved 11 exchange-traded funds (ETFs) that invest in Bitcoin. While Bitcoin ETFs already exist in other countries, this development makes them accessible to retail investors in the U.S. This approval allows a broader group of investors to diversify their portfolios with cryptocurrency.

Gate does not provide financial or investment advice on which cryptocurrency, token, or asset is a good investment, nor do we offer guidance on when to buy or sell. We are a serious trading platform. Please remember that the prices, returns, and values of financial assets can fluctuate, posing risks to your investment. We recommend seeking the advice of a professional investment advisor for guidance tailored to your personal circumstances.

Keep in mind that cryptocurrencies are subject to extreme market conditions, legal policies, project team management, and other unpredictable factors, making them highly volatile. It is crucial to manage your risk level. We advise users to do your own research (DYOR) when making investment decisions in the cryptocurrency market.