{"id":497872,"date":"2022-08-06T06:20:26","date_gmt":"2022-08-06T06:20:26","guid":{"rendered":"https:\/\/ktsl888.com\/?p=497872"},"modified":"2022-08-06T04:32:42","modified_gmt":"2022-08-06T04:32:42","slug":"optimism-price-bloats-25","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/optimism-price-bloats-25\/","title":{"rendered":"Optimism Price Bloats 25% – OP Seen Ballooning In Coming Days"},"content":{"rendered":"

Optimism price registered a spike of 25% after its opening at $1.9890. The OP\/USD pair currently trades at $1.9510, with a high of $2.2150 and a low of $1.9390.\u00a0 The current price movement of Optimism is going with the flow as far as the Ethereum layer-2 protocol is concerned.<\/span><\/p>\n

It makes use of rollups that enable quicker and low-cost Ethereum transactions. OP Labs of Optimism protocol has announced this week that the planned update will happen this quarter 4 of 2022. And when that happens, this will be a game-changer.<\/span><\/p>\n

Early Friday, OP has spiked by 11.43% and the sentiments show that it will escalate further. But, the coin was not able to keep up and dropped by 1.59% overnight. As the demand for Optimism increases, the coin\u2019s bullish recovery also continues.<\/span><\/p>\n

The value of OP has risen to $2.2 which is the highest it has been since June 1, 2022. At present, the coin is now valued at $500 million as it increased by more than 421% from its all-time low.<\/span><\/p>\n

Related Reading: Shiba Inu Displays Surprising Price Movement \u2013 Can SHIB Ditch The Flatline?<\/a><\/div>\n

What Is Optimism?<\/b><\/h2>\n

Optimism has a very ambitious goal as it seeks to solve a lot of Ethereum\u2019s issues. It aims to speed up and also lower the costs of Ethereum transactions by enabling optimistic rollup. In the development of layer-two solutions geared for Ethereum, the network is looking to keep it minimal.<\/span><\/p>\n

Optimism wants to dispel the complexity and speed up Ethereum transactions. The Optimism Foundation is on top of the project and governs the OP token that is used for voting on governance proposals.<\/span><\/p>\n

On July 25, OP Labs launched Drippie that is native to Ethereum that aims to solve many pain points when it comes to blockchain automations.<\/span><\/p>\n

\"\"<\/p>\n

Chart: TradingView.com<\/a><\/pre>\n

Optimism Sees Spike In Investor Interest<\/b><\/h2>\n

Optimism price is on a surge due to the increase in investor interest and positive sentiment around the network\u2019s recovery. More so, its TVL has also targeted a new high and there is also that increased fear of missing out (FOMO).<\/span><\/p>\n

Many people are optimistic that the <\/span>bull run<\/span><\/i> will continue especially after it has spiked by more than 400%. Investors are looking for another ATH or a price increase. More so, buyers are also excited with Optimism outpacing Polygon which currently has a TVL of more than $1 billion.<\/span><\/p>\n

The OP\/USDT pair is beginning to recover as it skyrocketed above 38.2% following the Fibonacci retracement level that stretches at $1.389. Currently, the pair is trading at $1.891 and resistance at $1.700. A dip below this figure will pump up the selling trend until it reaches $1.389.<\/span><\/p>\n

Related Reading: SOL Loses $40 After The Exploit \u2013 What\u2019s The Next Support?<\/a><\/div>\n

<\/p>\n

Crypto total market cap at $1.07 trillion on the daily chart | Source: TradingView.com<\/a>\r\n\r\nFeatured image from Crypto News, chart from TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"

Optimism price registered a spike of 25% after its opening at $1.9890. The OP\/USD pair currently trades at $1.9510, with a high of $2.2150 and a low of $1.9390.\u00a0 The current price movement of Optimism is going with the flow as far as the Ethereum layer-2 protocol is concerned. It makes use of rollups that enable quicker and low-cost Ethereum transactions. OP Labs of Optimism protocol has announced this week that the planned update will happen this quarter 4 of 2022. And when that happens, this will be a game-changer. Early Friday, OP has spiked by 11.43% and the sentiments show that it will escalate further. But, the coin was not able to keep up and dropped by 1.59% overnight. As the demand for Optimism increases, the coin\u2019s bullish recovery also continues. The value of OP has risen to $2.2 which is the highest it has been since June 1, 2022. At present, the coin is now valued at $500 million as it increased by more than 421% from its all-time low. Related Reading: Shiba Inu Displays Surprising Price Movement \u2013 Can SHIB Ditch The Flatline? What Is Optimism? Optimism has a very ambitious goal as it seeks to solve a lot of Ethereum\u2019s issues. It aims to speed up and also lower the costs of Ethereum transactions by enabling optimistic rollup. In the development of layer-two solutions geared for Ethereum, the network is looking to keep it minimal. Optimism wants to dispel the complexity and speed up Ethereum transactions. The Optimism Foundation is on top of the project and governs the OP token that is used for voting on governance proposals. On July 25, OP Labs launched Drippie that is native to Ethereum that aims to solve many pain points when it comes to blockchain automations. Chart: TradingView.com Optimism Sees Spike In Investor Interest Optimism price is on a surge due to the increase in investor interest and positive sentiment around the network\u2019s recovery. More so, its TVL has also targeted a new high and there is also that increased fear of missing out (FOMO). Many people are optimistic that the bull run will continue especially after it has spiked by more than 400%. Investors are looking for another ATH or a price increase. More so, buyers are also excited with Optimism outpacing Polygon which currently has a TVL of more than $1 billion. The OP\/USDT pair is beginning to recover as it skyrocketed above 38.2% following the Fibonacci retracement level that stretches at $1.389. Currently, the pair is trading at $1.891 and resistance at $1.700. A dip below this figure will pump up the selling trend until it reaches $1.389. Related Reading: SOL Loses $40 After The Exploit \u2013 What\u2019s The Next Support? Crypto total market cap at $1.07 trillion on the daily chart | Source: TradingView.com Featured image from Crypto News, chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":497875,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,86528],"tags":[1144,65296,8686,86072,86529,11738,86141],"class_list":["post-497872","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-optimism-2","tag-btcusd","tag-ethbtc","tag-ethusd","tag-op","tag-op-price","tag-optimism","tag-opusdt"],"acf":[],"yoast_head":"\nOptimism Price Bloats 25% - OP Seen Ballooning In Coming Days<\/title>\n<meta name=\"description\" content=\"Optimism price registered a spike of 25% after its opening at $1.9890. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Optimism Price Bloats 25% – OP Seen Ballooning In Coming Days","url":"http:\/\/ktsl888.com\/news\/optimism-price-bloats-25\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/optimism-price-bloats-25\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/08\/Optimism-1.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/08\/Optimism-1.png?fit=1072%2C546"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","ethbtc","ethusd","op","op price","optimism","opusdt"],"dateCreated":"2022-08-06T06:20:26Z","datePublished":"2022-08-06T06:20:26Z","dateModified":"2022-08-06T06:20:26Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Optimism Price Bloats 25% – OP Seen Ballooning In Coming Days\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/optimism-price-bloats-25\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/optimism-price-bloats-25\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/Optimism-1.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/Optimism-1.png?fit=1072%2C546\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"ethbtc\",\"ethusd\",\"op\",\"op price\",\"optimism\",\"opusdt\"],\"dateCreated\":\"2022-08-06T06:20:26Z\",\"datePublished\":\"2022-08-06T06:20:26Z\",\"dateModified\":\"2022-08-06T06:20:26Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/08\/Optimism-1.png?fit=1072%2C546","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/497872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=497872"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/497872\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/497875"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=497872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=497872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=497872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}