Ethereum as the engine of crypto growth.
If we accept the fact that we are in a bull cycle, we cannot ignore ETH as the main cryptocurrency actually used. If ETH grows significantly with a possible breakout of ATH - which could happen in this cycle, L2 on Ethereum will give a significant multiple growth, which is a more interesting investment than conservative growth of ETH.
Everything highlighted below has a token, hence we can participate in the growth of this or that L2. With all their public metrics in hand, including investments, we can highlight the most interesting ones to buy. It is hard to believe in the multiple growth of the same Arbitrum, whose capitalization already now = 5 billion dollars, which is 25 times more than the same Scroll, for example. Also, the growth of the asset must be related to certain factors - the main money the creators of Arbitrum and Optimism have already earned long ago, unlike the same ZK or Scroll (2nd picture) - where the team will start receiving tokens only by the middle of 2025, now the team is actively buying back tokens from the market, which it gave out to users at their airdrop. If you open the charts and see at what price this was happening (3rd picture) - you get the following prices.
Getting the purchase price + keeping in mind that in the middle of the year the team will unlock “free” tokens, we can come to the conclusion that the current prices are not the limit and betting on this + bull cycle + growth of ETH = maximum growth of these assets. All these projects are not bought by random people, they need to create excitement around the coin, so that when unlocking the tokens of the team and investors, there will be those who will actively buy back these tokens - ordinary people who will believe in further growth.
These are all my observations + reading smart people whose opinions I listen to.
Regarding the others - Taiko I don't understand at all, the product is completely past me, FDV is more Scroll in x2.5, Starknet - basically fits the description of ZK and Scroll, but it is older + it is already more Scroll in x7.5 and even in x2 more than ZK, although it is even more useless project. Mantle is the most stable and applicable, I bought it in large quantities at 0.72, buying it you also earn by applying it to Bybit in various stocks, earning free 40%+ per year, but for me it's not an asset for huge growth, it's a less conservative investment, unlike buying smaller L2s.
Bottom line: if Ethereum grows, absolutely all L2s will grow - Starknet, Taiko, Arbitrum, etc. But my main bets are on new projects that will give huge Xs, even if they just reach the current levels of already popular L2s - for example, Arbitrum.
P.s. Think for yourself - these are just my thoughts. Good luck.
