Cryptocurrencies like Bitcoin and Ethereum are experiencing a surge in popularity, with Layer 2 tokens like Matic, which promise to speed up transactions and reduce costs, gaining market worth of $14.3 billion.

However, these tokens are volatile due to their small size and thin trading, making it difficult to predict long-term winners.

The top five tokens, including immutable, mantle, arbitrum, and optimism, have seen price performance fluctuate, with immutable experiencing a tripled price increase in 2023, while bitcoin and ether have seen gains.