Optimism, like other layer 2 solutions for Ethereum, creates a second network on top of $ETH. It groups operations and processes part of the calculations to relieve the load on the main blockchain.
The Optimism network itself speeds up the network by refusing to analyze each transaction, but when complaints are received, all attention is drawn to the violator. Thus, this solution allows you to speed up the processing of transactions in the ETH network by 10-100 times. The project has raised tens of millions of dollars from large eminent funds that are also interested in increasing the price of the OP token.
🛠️ What about technical analysis?
Since listing in June 2022, the coin has been moving in an upward channel. After several touches, the price bounced off the lower border and went up. There is decent growth potential here over the next few months. If there are no shock events in the market, then the coin can make at least 1-2X from current values. On the daily time frame, the RSI coin is at 70 (not critical). The weekly is at 63, so the coin looks bullish in the medium term.
Purchase Optimism
Ticker: OPUSDT
✳️ Entry price: $2.1
🛡 Stop loss: I recommend taking a trade for investment without a stop.
💼 Volume per transaction: up to 1% of the crypto portfolio.
🎯 Goals: $4.7; $8.1; $12.3.
📈 Rocket growth potential: up to 340% by the end of 2024.
🌟 There is an alt season ahead, but even in a growing market you can lose if you approach the market emotionally. I talk about how not to fall into the trap of emotions and how to create a long-term strategy for increasing capital on this channel.
There are a bunch of promising ideas ahead, subscribe 🚀
