- Optimism’s revenue has been increasing since its launch.
- On-chain metrics and market indicators were bullish.
Оптимизам [OP] made a bold announcement on 23 February, as it revealed its plans to become a “Superchain.” According to the official announcement, rather than building multiple L2 chains, Optimism would instead focus on unifying them as it planned to become a platform for chains.
It’s time for Optimism to prepare for the next wave of adoption.
It’s time to build a unified network of chains—not just one.
It’s time to build together, not apart.https://t.co/3BvJqD5pPe pic.twitter.com/OSKe5FDs8J
— Оптимизам (✨🔴_🔴✨) (@optimismFND) Февруари 23, 2023
The Superchain aimed to combine various siloed L2s into one cohesive and interoperable system. Moreover, Оптимизам stated that it needed to work toward a future when launching an L2 was as simple as deploying a smart contract on Етериум [ЕТХ].
While Optimism continued to step up its game, the network’s performance on the revenue front also looked promising. Token Terminal’s податоци pointed out that Optimism’s revenue has been increasing constantly since its launch in 2021, which was a positive trend.
Реално или не, еве ОП пазарна капа во услови на БТК
Apart from this, Coinbase announced that it was developing База on Optimism’s OP Stack with the goal of developing a standard, modular, rollup agnostic Superchain powered by Optimism in order to facilitate the path toward decentralization.
0/ 🔵 Здраво светот.
Meet Base, Ethereum L2 кој нуди безбеден, евтин, лесен за програмери начин за кој било, каде било, да изгради децентрализирани апликации.
Нашата цел со Base е да ги направиме onchain следните корисници на интернет и одборот 1B+ во криптоекономијата.https://t.co/Znuu3o3pJw
— База (@BuildOnBase) Февруари 23, 2023
OP’s response is apt!
OP’s price responded to these developments by painting its daily and weekly charts green. According to CoinMarketCap, OP’s price increased by over 8% in the last 24 hours, and at press time, it was trading at $3.09 with a market capitalization of over $725 million.
Moreover, OP’s on-chain performance supported this surge in price, increasing the chances of registering more gains in the coming days. For instance, the token’s MVRV Ratio went up considerably, which was a bullish signal.
OP’s network growth and velocity both registered upticks in the last few days, yet another positive development. The social volume has also spiked lately. However, OP’s daily active addresses declined over the last week, which indicated fewer users in the network.
Колку се 1,10,100 OP вредно денес?
Investors can sit back and relax
Like the on-chain metrics, several of the market indicators were also in favor of the investors. OP’s MACD displayed a bullish crossover, suggesting a further price hike. The Relative Strength Index (RSI) and Chaikin Money Flow (CMF) both registered upticks, which was also a development in the buyers’ favor.
Furthermore, the Exponential Moving Average (EMA) Ribbon painted a bullish picture as the 20-day EMA was well above the 55-day EMA.
Source: https://ambcrypto.com/optimism-analyzing-the-chances-of-op-maintaining-its-bullish-trajectory/