OP, the ticker of optimism, cryptocurrencies that are popular and fast-growing forces Ethereum Layer-2 Scaling Solution optimismIt declined about 5.0% on Monday and was last changing hands at $2.80, according to TradingView citing Coinbase exchange data. Since the beginning of February, OP/USD has tried and failed to push north of $3.0 on several occasions, although most recently its 21-day moving average has been offering support at $2.67.
Can Superchain Hype Increase OP?
Last week, Optimism unveiled its vision to create a so-called “superchain” that maximizes interoperability and composability across major blockchains. The Optimism Foundation announced this in a Twitter thread Coinbase’s New Ethereum Layer-2 Scaling Solution BaseWhich is built using the Optimism Stack, will give a portion of the transaction fee to Optimism Collective.
These fees will be used to upgrade the Optimism Mainnet, Base and more layer-2s Towards a superchain structure. The Optimism Foundation stated, “In the long term, Superchain could grow into a massive network that maximizes interoperability, shared decentralized protocols, and standardized its core primitives – all while financing public goods.” Is.”
There has been a lot of hype lately around Ethereum layer-2 scaling solutions, with the likes of Polygon and Token gaining optimism, both of which have been outpacing the broader cryptocurrency market since the start of the year. Progress toward the creation of Superchain may continue to fuel optimism and some analysts believe it could continue to propel the coin higher, even if macro headwinds cause the broader cryptocurrency market rally to stall.
Price Prediction – Where Next for OP?
The optimism appears to have formed an ascending triangle in February, a technical pattern that usually forms ahead of a bullish breakout. Some technicians believe that a bullish breakout could catalyze a bullish move above $4.0 and the coin to an all-time high at $4.57.
OP options to consider
ADA’s short term outlook is looking good. However, traders looking for quick profits may want to consider other high-potential tokens, such as those sold in pre-sales by promising up-and-coming crypto projects. We’ve reviewed some of the best candidates in this list of the top 15 cryptocurrencies for 2023, as analyzed by… cryptonews Industry Talk Team.
The list is updated weekly with new altcoins and ICO projects.
Disclaimer: The Industry Talks section features insights by crypto industry players and is not part of the editorial content of 0x0news.com.
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