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OPUSDT

OPUSDTWhat Is 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. Optimism is one of the biggest scaling solutions for Ethereum with over $500 million in TVL. It is home to 97 protocols, the biggest being Synthetix (SNX), a derivatives exchange, Uniswap (UNI), a DEX, and Velodrome (VELO), an AMM. Users can begin their journey on Optimism by adding the chain on their Metamask and bridging tokens like ETH to the L2. On May 31, 2022, Optimism conducted a highly anticipated airdrop of its OP token.
Long
by SENKU-SAN
Optimism 35/47% Short-Term Target MappedOptimism (OPUSDT) just yesterday reclaimed EMA50 and EMA100 and is now trading within a bullish consolidatin pattern. Additional details can be seen on the chart. This pair can move up short-term to hit 35% and even up to 47% with not much resistance on the way up. On the way down, the recently reclaimed EMA50/100 level at $0.955 is the main support. The main targets are listed again for convinience as follows: 1) $1.320 2) $1.520 Depending on how these levels are handled, we can map the next move and figure out if a correction will follow or if OPUSDT will continue straight up. It is a young chart so we keep it short-term. Namaste.
Long
by MasterAnanda
2
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