Bittime - Myria is a cutting-edge solution designed to enhance Ethereum's Layer 2 capabilities, specifically for NFTs and blockchain gaming. How is Myria's price performance and what are its innovations? Check out the following article.

What is Myria?

Developed in partnership with StarkWare, Myria provides lightning-fast, gas-free transactions, reaching speeds of up to 9,000 TPS (Transactions Per Second). This is made possible by leveraging StarkWare’s STARK prover and ZK-Rollup technology, which combines multiple transactions into a single transaction, resulting in faster and more cost-effective operations without compromising security.

Inovvation Layer 2 Myria

Myria showed that this solution can achieve high-speed usability and decentralized security. Natalia Ameline, mother of Ethereum co-founder Vitalik Buterin, highlighted at the Consensus conference the importance of such a solution. She noted that while Ethereum is decentralized, other Layer 2 solutions such as Polygon, Arbitrum, and Immutable X are not. 

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 Myria, which focuses on gaming, is one of the contenders in the scalability race alongside Metis, another player in the space.

Layer 2 Ethereum Myria

Myria aims to significantly improve user experience and functionality by offering a complete suite of blockchain tools. 

By choosing a Layer 2 solution that is tightly integrated with Ethereum, Myria ensures it meets stringent performance demands while maintaining Ethereum's strong security.

Market Performance and Investor Sentiment

Recent data from Santiment shows a decline in volume and price for Myria crypto, indicating potential for further declines. However, buyers may see this decline as an opportunity, given Myria's strong fundamentals despite its downward price movement. 

TradingView reports that Myria is struggling to break through key resistance levels and lacks sufficient buyer support. Low trading volumes are further compounding the situation, hampering momentum.

Myria's inability to hold above its 20, 50, 100, and 200-day moving averages is a concern. 

Over the past week, its price has fallen by 22.41%, with a 39.39% decline over the past month and a 27% decline year-to-date (YTD - since the beginning of the year).

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Conclusion

Myria's innovative approach to Layer 2 solutions enhances Ethereum's capabilities, especially for NFTs and blockchain gaming, offering faster and more cost-effective transactions. 

Despite current market challenges, Myria's strong fundamentals present a promising future. 

How to Buy Crypto with Bittime

You can buy and sell crypto assets easily and safely through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed your identity verification. Also, make sure you have sufficient balance by depositing some funds into your wallet. Just so you know, the minimum asset purchase on Bittime is IDR 10,000. After that, you can make crypto asset purchases in the application. 

Monitor the price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.