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Optimism

Optimism Token Reaches New All-Time HighThe cryptocurrency token Optimism has reached a new all-time high; let’s see what happens next! What is Optimism? Optimism (OP) is a cryptocurrency built on the Ethereum blockchain. It is a new type of token used to pay for transactions on the Optimism layer 2 scaling solution for Ethereum. The Optimism protocol allows for faster and cheaper transactions by moving most of the computation off-chain while still maintaining the security and decentralization of the Ethereum mainchain. Optimism Reaches All-Time High OP recently reached its all-time high, causing excitement among investors and traders. The success of OP can be attributed to the growing interest in decentralized finance (DeFi) and the increasing use of the Ethereum blockchain. As more and more projects are built on the Ethereum blockchain, the demand for efficient and cost-effective scaling solutions like Optimism will only continue to grow. Since Optimism has never reached this price before, it is impossible to say exactly where the price will go. According to the Fibonacci retracement, the next target for OP could stand around $3. According to a Fibonacci retracement, the last target of this rally stands around $3.60. We have seen rallies in the past that went above even the wildest predictions of the Fibonacci, however, these runs normally occur during a strong market bull run. If, on the other hand, OP starts falling, there are a few different support levels that the token can count on. The first support level stands around $2.00, which is the previous all-time high. Another support level stands between $0.70-$0.80, which is around the coin’s lowest point.
by cryptohopper
Optimism (OP)Optimism (OP) is a layer-two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum. The trading volume of Optimism (OP) is $576,616,329 in the last 24 hours, representing a 16.76% increase from one day ago and signaling a recent rise in market activity. The highest price paid for Optimism (OP) is $2.50, which was recorded on Jan 25, 2023 (19 hours). Comparatively, the current price is -12.6% lower than the all-time high price. The lowest price paid for Optimism (OP) is $0.402159, which was recorded on Jun 18, 2022 (7 months). Comparatively, the current price is 442.7% higher than the all-time low price.
by MADRAB
Layer 2 Shiba Inu: WHAT to expect and HOW to make profitThe Shiba Inu team announced the release of a Layer 2 network called Shibarium. Shibarium will run on top of the main Ethereum network, ensuring full interoperability and facilitating user and capital migration. The primary function of this network will be to launch and support decentralized applications. Shibarium will initially support $SHIB, $LEASH and $BONE as ecosystem tokens $BONE will become a native token of the network and will be used to pay for gas and reward validators. As a result, the team mentioned that Shibarium will implement a $SHIB token burning mechanism What are the pros? The main piece of good news is that the project, which began as a funny meme-token for amusement and community unity, is now getting a comprehensible product and application. The Shiba team decided against developing a separate non-EVM network in Rust or another language. They made the decision to join an EVM-like ecosystem. It will enable them to fight for the users as well as TVL. What are the cons? The native token is $BONE, not the main token of the ecosystem – $SHIB. The team may have concluded that it would protect them from the project failure, if something irreparable happened. In this case $SHIB would not get a hard hit. In our opinion, $SHIB will take the hit anyway. As we see in the main graphics, $SHIB and $BONE have a similar reaction. The only difference is in the percent of the price change as $BONE is a more volatile token. Thus, what is the purpose to create another token inside the ecosystem, if the main token can be recapitalized? The use of 3 tokens inside one blockchain is a weak point of the project. As we can see over time, there is no need to complicate the concept because a single native token suffices. This concept has stood the test of time and is more sustainable due to fewer risks. Another intriguing aspect is that the project team announced that Shibarium would have three main tokens, but that another token, $TREAT, would be created to stimulate users. In fact, four utility tokens will coexist on a single blockchain. It appears that the project does not require all of these tokens. If the project team recognizes the need for a mechanism to reduce the emission of $SHIB and develops one, why not use only one token within the network? Shibarium doesn't have any killer-features. According to Shibarium's announcement, the project will be similar to other L2 projects. The team selected a tried-and-true technology stack and built their own network. It's not bad, and it makes sense, but Shibarium will face competition from Arbitrum, Optimism, Sui, Aptos, Sei, Berachain, and Canto, all of which are based on ZK technologies. If you create such a mundane project, you should expect it to fail because you will be unable to attract talented developers and your network will lack projects like GMX. Users and TVL Let's be real. $SHIB is a mass-market token. Since 2021, its token customers and holders have all been users, the majority of whom simply desired a quick "to the moon" and an expensive sports car in their garage. These users have no idea what dapps are, and many of them are unable to use Metamask. Their user pattern is a "buy-hold-sell" strategy, and they do not require dapps or L2 because they do not understand what it is. The rest are advanced users who can profit from narratives and will profit from Shibarium via LP, NFT, and then leave. Shibarium will simply not have enough liquidity, TVL, or users to keep developers interested for an extended period of time. Without developers, there will be no strong products, no target users, no liquidity, and no TVL. Let’s consider Dogecoin as an example: The Dogechain TVL chart The $DOGE and $DC chart The highest TVL is shown in the chart's frame. As we can see, the greatest growth of TVL occurs when the price of $DOGE and $DC rises. It is also worth noting that each new local price increase is followed by less TVL growth on Dogecoin. Why is this so? The user base of dapps and onchain apps is losing faith in the Dogechain's success, but they don't have a choice, and others aren't just interested. We can assume that Dogechain does not attract new users and that existing users are less interested in the project. Consider the example of a good network TVL, where each token has a lower capitalization than $DOGE or $SHIB. Canto Hedera Optimism There is a chance that Shabarium will repeat the Dogechain story, with users returning only with token growth, and each return will be less impulsive. What can we do and how can we make money? Collect the $BONE and $SHIB stacks, and keep risk management in mind. The launch of Shibarium is unknown, as is what will happen to $BONE; Find projects that will be launched on Shibarium and add them to your watchlist. Find all markets where these projects are traded; Keep an eye on the announcements within the ecosystem and revise your watchlist and strategy as necessary; When you realize you can enter the market, just do it. In practice, we know that the first week following the launch will be the most profitable for those who were prepared and entered the ecosystem first; Remember the Dogechain lesson and avoid being greedy. In turn, we will monitor the evolution of the $SHIBA ecosystem and strive to provide users with as many tools as possible to profit from this narrative. We monitor market trends and try to provide traders with information that can help them receive profit so check links in our signature and join our community. Also write a comment what do you think about Shibarium and its prospects Thanks for reading!
by Samura0x
4
The newly formed Optimism ecosystemHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day. ------------------------------------- ------------------------------------------ (OPUSDT 1W Chart) Not long after the chart was created, not much is known. It can be seen that a volume profile section is formed over the 0.919-1.129 section in the short, medium and long term. (1D chart) The current declared price (ATH) has been updated. Buying under these circumstances is unthinkable. Therefore, it is better to wait and see if the price moves down from this rise and converges in some area. It is necessary to check whether it is supported in the 1.917.-2.024 section formed by the HA-High indicator point, or in the 1.583-1.660 section. We need to make sure that the newly formed Optimism ecosystem can continue to expand. Therefore, it is necessary to increase the number of coins (tokens) corresponding to profits while recovering the principal amount of the newly formed coins in the coin ecosystem as much as possible. Otherwise, it is highly likely that you will suffer greatly if you proceed with the transaction by leaving the principal amount as it is. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at (). ** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
OPUSD one last High left. Next opportunity upon a pull-back.Optimism (OPUSD) broke above its All Time High Resistance of 2.32500 as well as the 2.0 Fibonacci level of the Channel Up that is being formed. Since the Resistance broke, the Channel Up has the technical capability to make a Higher High on the next available Fib at 2.5. The increasingly overbought levels don't render it a buy opportunity beyond that level. Best strategy involves entering on the next pull-back wave. Potential targets the cluster of the (green) Support Zone, the 1D MA50 (blue trend-line) and the RSI Buy Zone. The upside potential is enormous on this gem and our long-term target is 3.400. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:OPUSD
by TradingShot
OP Price will go down entire 2022Only 10% of the total supply is unlocked and in circulation. The project is trying to push price up to sell them in high price before token unlocks happen in late May. There is a big unlock in May. The more token is released, the lower the price will go. Of course, the project owners will try to keep it high so they can make more profit. Optimism is Genesis related project. If you check the other projects in Optimism ecosystem, You will see that Genesis have the custody of tokens for many projects. They are programmed to be a scam project. But of course, be careful with your shorts, because the supply is so limited and its controlled by the manipulators. They can easily manipulate the price. If I see the price of OP 5$ in a night, I wouldn't be surprised. But the destiny is certain. OP price will eventually end up under 0.4$ this year..
Short
by kingoftradericy
2
$OP - Ranging inside the Symmetrical TriangleHello my Fellow TraderZ, #Optimism $OP is looking on the 4 HTF. Price has been ranging inside the Symmetrical Triangle for 2 months and I'm soon expecting a breakout. I'm kind a bias towards #Bulls only if wee breakout of the Upper TL. But still if you wish to trade then $0.96-1.15 would be a good trading range for quick gains. Buy zone (yellow circle) is around EMA 50 & 200 and perhaps wee would see bullish cross. Happy Trading. CHEERS!!!
Long
by TRADER-GOKU
2