Optimism $OP could do a 10× gain from it's current price today.

Optimism Network has experienced a significant decline in user activity and transaction volume. Network fees and revenue have dropped by 65% due to decreased user engagement.

However, the overall market rally has helped mitigate further damage.On a one-hour timeframe, the price of $OP has steadily declined from $4.80 to about $2 over the past four months. When viewed on a monthly timeframe, the price has dropped to around $1.20 in July.

This isn't the first time $OP has reached this level; nine months ago, in October 2023, it fell to nearly $1 and was trading around $1.20. Five months later, in February 2024, it surged to $4.80, marking an almost 500% increase.

Initially launched in 2022, OP was trading well below $1 but surged to $3.29 (~300% profit ) by February 2023.

Given its price history, OP could potentially rise back to $4 from its current price of about $2, representing a 100% increase.

In the longer term, and at the peak of a bull run, OP could potentially reach $10, which would be a 5x increase from its current price.

As always, do your own research (DYOR) before deciding to invest.

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