Bitcoin Layer 2 Network Tokens Outperform Bitcoin After The Bitcoin Halving Event
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When Bitcoin's price was compared to Bitcoin layer 2 network, it was observed that Bitcoin layer 2 solution was outperforming Bitcoin, in terms of the surge in price after the Bitcoin halving event. Most Bitcoin layer 2 solutions have seen a 5 to 20 percent rise in price after the Bitcoin halving.
At the moment, the market capitalization of Bitcoin layer 2 networks is about $4.3 billion, which shows that it has made a 5.6% surge over the last 24 hours; and showing about $184 million trading volume presently.
A Bitcoin layer 2 solution in particular - Stacks (STX), has shown a remarkable surge in price after the Bitcoin halving. And currently, over the last 24 hours, Stacks is one of the best performing Bitcoin layer 2 solutions - showing a surge of about 20%, increasing its price to about $2.87 after the Bitcoin halving.
But Bitcoin itself, hasn't experienced a remarkable surge in price after the halving. Bitcoin has shown a slight increase of about 4.5% rise in price after the Bitcoin halving, bringing Bitcoin current price to about $66,046. Many crypto experts predict that a further surge in Bitcoin price should be expected.