12/23/2023 0 Comments Metal casino token![]() "They can be very attractive investments even though they can be very speculative," said Joshua Peck, chief investment officer at hedge fund TrueCode Capital, whose fund invests in matic. While layer 2 tokens are tiny in comparison to big guns like bitcoin, their volatility makes them a favorite among active traders trying to capitalize on market momentum. They are often among the last ones to catch a bid when broader crypto market rises and among the first ones to sell off when sentiment is shaken. Layer 2 tokens are a gauge of sentiment towards the projects they are linked to, but their extreme volatility also lends them a speculative character. Matic has fallen about 3% in 2023, while gaming token immutable has more than tripled in price, versus bitcoin's 123% and ether's 69% gains. "There's always a bit of thin air behind the moves." 100 try and one wins," said Matteo Greco, research analyst at digital asset and fintech investment firm Fineqia International. "On average, the growth is not sustainable for those tokens. ![]() They are small and thinly traded, meaning they can be highly volatile and unpredictable. Layer 2 tokens, which have proliferated in recent years, can be a risky business.
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