XRP continues to gain traction in the market as the SEC approves the Grayscale ETF that incorporates it, boosting optimism for future spot listings. Despite a steady $3.44T sideways market pull,
ETFs and corporate buyers are amplifying market positivity.
Optimism (OP), although losing steam amidst competition, is still in the radar of potential investors.
Bitcoin experienced a 3.6% surge in June inspired by policy optimism and ever-increasing corporate interest. Optimism is targeting a
$0.70 market capitalization value after crossing the $1 billion threshold. Coinbase's stock is climbing owing to stablecoin optimism and the
European Commission is downplaying stablecoin risks, countering ECB warnings.
Cryptocurrency is making a comeback, with Bitcoin reclaiming $100,000, buoyed by global trade deal optimism.
Technical indicators show potential trend changes for Optimism in June, while the possibility of a major rally is being propped up by increasing open interest and expert forecasts. Optimism is also approaching decentralization with a planned governance revamp. Amidst all these, Bitcoin falters as optimism wanes due to Trump's crypto reserve plan. However, a breakout for OP above $0.80 could trigger bullish continuation. As Optimism survives below the 20-month low and struggles for a breakout above $1, it is still considered a strong competitor in the $52 billion DeFi pie.
Optimism Coin News Analytics from Tue, 08 Oct 2024 07:00:00 GMT to Wed, 02 Jul 2025 19:17:21 GMT -
Rating 5
- Innovation 7
- Information 8
- Rumor -2
