TAIKO Surges Amidst Ethereum Layer 2 Token Rally
CryptoNewsTerminal Staff22 Jul, 2024
TAIKO Surges Amidst Ethereum Layer 2 Token Rally
TAIKO, a zkEVM-based Ethereum Layer 2 network, has attributed the recent surge in Ethereum (ETH) Layer 2 tokens, to an overall positive shift in market sentiment and increased investor confidence in the Ethereum ecosystem. TAIKO emphasized the anticipation of an upcoming Ethereum spot ETF approval in the United States, which, coupled with growing trust in the potential and stability of Layer 2 tokens, has fueled the rally in the sector. TAIKO, which briefly touched the $3 mark earlier today, is currently trading at $2.84, reflecting a 6.79% increase, as per CoinMarketCap.