INTRODUCTION
The major Layer-2 digital currencies, including Mantle (MNT), Arbitrum (ARB), Polygon (MATIC), , have experienced notable declines recently. This trend indicates that Solana rival altcoins to sell in anticipation of potential market changes due to the expected Bitcoin halving in April 2024. Such strategic sales are affecting the market, suggesting a bearish outlook as the halving event nears.

Mantle (MNT): Leading Altcoins To Sell?
Mantle (MNT), an Ethereum layer 2 platform, has recently captured attention in the crypto sphere. Impressively, the Mantle coin has surged by 170% since the year began. Over the last month, ARB has risen by 20%.

The coin’s market capitalization now stands at $4.2 billion. Starting from a modest $0.75 in early March, it reached a peak of $1.51 in the second week of April, setting a new all-time high.

Polygon (MATIC)
Polygon (MATIC) plays a crucial role as an essential interoperability and scaling framework that boosts Ethereum’s functionality. This platform supports Ethereum by incorporating a network of sidechains, which significantly improves scalability and reduces transaction costs.

Over the last month, MATIC has seen a remarkable 40% increase in value. However, recent trends show a downturn, with Polygon price now at $0.8796 after falling below the $1.00 mark. This recent change places Polygon at the 17th position in market capitalization, which currently stands at $8.7 billion.

Arbitrum (ARB)
Arbitrum (ARB) continues to enhance the Ethereum network. This leading layer-2 solution employs optimistic rollups to improve transaction speed, scalability, and cost-efficiency.

Despite a recent slight downturn of 3% in its price, ARB maintains a strong annual gain of 21%. This growth is reflective of a broader trend of increasing total value locked within the platform, highlighting its expanding influence and adoption. At the time of writing, Arbitrum’s price is trading at $1.41, with a notable decrease over the past 24 hours.

Bottom Line

The cryptocurrency market is bracing for significant shifts as the Bitcoin halving approaches. Key players and investors are making strategic moves, impacting prices and market stability across several prominent Layer-2 platforms.