Optimism (OP), a cryptocurrency, has been garnering attention from both experts and the market with a 17% surge outperforming the crypto market, igniting speculations of an upcoming price pump. Its price exhibits a head-and-shoulders pattern, signaling a potential drop. However, despite dropping to 2022 lows, the
OP coin has managed to survive and has not fully broken free. It's also noteworthy that major exchanges like Binance paused OP deposits and withdrawals for a network upgrade.
The strong performance of the
OP Superchain has attracted various entities like Celo, Chainlink, and Hyperlane which launched a USDT stablecoin onto the superchain. Even Kraken has chosen Optimism's Superchain to establish its new Layer-2 network. Meanwhile, Grayscale, the crypto behemoth, has rolled out new trusts for Lido DAO and Optimism.
Various ventures, such as Uniswap Labs, have officially launched on the Layer-2 'Unichain', while Sony has launched its own blockchain 'Soneium'. Blackrock expanded its tokenized fund BUIDL beyond Ethereum to include five new blockchains.
On the downside, Binance delisted Filecoin and Optimism spot trading pairs. Furthermore, OP's price direction remains uncertain with continued bearish pressure, and there are concerns about whether it's winning the Ethereum Layer-2 race.
OP Coin News Analytics from Tue, 31 May 2022 17:17:22 GMT to Wed, 26 Mar 2025 09:30:43 GMT -
Rating 4
- Innovation 3
- Information 8
- Rumor -1
