Optimism, the cryptocurrency behind the
OP Coin, has been making waves in the industry with several developments and predictions. Analysts have predicted a bull-run that could result in the coin hitting a staggering
$5 mark by 2024, further fuelled by Andreessen Horowitz's crypto fund,
A16z, making a
$90 Million private purchase of the OP Token.
Celo, an open platform that makes financial tools accessible to anyone with a mobile phone, has ratified a plan to use Optimism's OP Stack for a new Layer-2 Chain. The OP Coin was the subject of disappointment when Downtown Chico's Coin Op announced closing doors by June 30th. On the bright side,
OKX, a leading crypto exchange and trading platform announced the listing of Coin-Margined Perpetual Futures contract for the OP Token. The OP Token has also caught attention for its ability to scale ETH at layer 2. Despite some scepticism, such as the OP Price possibly slipping below $2, there are also strong positive indicators. Promoting interoperability between affiliated blockchains and starting to test 'fault proofs' are among the innovative strides taken by Optimism. Furthermore, the OP/USD conversion was made possible. Major private purchases and the establishment of support for Layer Three are promising signs of continued growth for the Optimism project and consequently for OP Coin.
OP Coin News Analytics from Thu, 07 Dec 2023 08:00:00 GMT to Wed, 04 Sep 2024 10:17:57 GMT -
Rating 7
- Innovation 8
- Information 5
- Rumor 6
