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Despite the broader market turning optimistic with Bitcoin's surge above $63,000, few altcoins struggle to make a comeback. This reflects an underlying fear in some altcoins that they could nosedive with minor market corrections. Amidst the altcoins projecting a stronger week, they reflect potential weakness or a volatile pivot, reflecting a dangerous turn.
Optimism (OP) extended its market-defying rally on Thursday, charting its own path as other assets went through a correction. OP added another 10% to its price, recovering to $2.78.
The cryptocurrency industry continues to display an increase in price volatility with mid-cap and low-cap altcoins recording the highest price fluctuations, highlighting an increase in the buying and selling pressure for these tokens within the crypto space.
In a month marked by a challenging correction in the crypto market, Layer 2 (L2) blockchain protocol Optimism has emerged as a standout performer. Within the past 24 hours, Optimism's native OP token skyrocketed by 9%, positioning it as the best-performing token among the top 100 cryptocurrencies.
Sources report that Andreessen Horowitz has invested nearly $90 million in Optimism's OP token, affirming its commitment to the Ethereum layer 2 solution.
As per the latest reports, venture capital giant Andreessen Horowitz (a16z) has shown interest in Ethereum Layer-2 platform Optimism, purchasing a staggering $90 million worth of OP tokens. Defying the broader market downturn, the Optimism (OP) price has rallied by 13.5% in the last 24 hours, and currently trading at $2.65 with a market cap
Despite a week of sideways movement in the crypto market, with altcoins showing minimal signs of recovery and Bitcoin struggling to surpass the $65k price level, renowned crypto analyst Michaël van de Poppe has identified a specific group of altcoins.
Latest updates on the OP, DOGE, and ADA coins.
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Optimism (OP) has grabbed investors' attention in the last day following an intriguing positive price performance. Interestingly, OP's market gain has occurred following a recent disclosure of certain security flaws associated with the popular layer-2 platform.
Optimism Price Prediction: A majority of major cryptocurrencies have been trading sideways since the completion of the fourth Bitcoin halving on April 19th. Along with the BTC price wavering around $63000, the market participants see no firm initiation from bulls or bears.
Flaws were detected in the recently deployed OP Stack fraud proofs on the testnet.
OP Labs has conducted Sherlock audit in order to ensure that there are no discrepancies and further steps to implementation are taken. This audit has ensured that the developers are one step closer to OP mainnet.
Finbold encountered three cryptocurrencies to avoid trading in the first week of May due to significant token unlocks.
On the 22nd of March, Offchain Labs, a blockchain research firm revealed that they found serious security vulnerabilities in the Optimism OP Stack's fraud-proof system, which was deployed on a testnet. The vulnerabilities enabling a bad actor to rewrite the chain's history were widely acknowledged by OP Labs on March 25.
Optimism on Thursday fixed vulnerabilities on its testnet, a few weeks after its competitor flagged the security flaws to its team.
The self-proclaimed “Dogecoin Killer,” Shiba Inu price has soared more than 4% today, propelled by optimism surrounding the impending Shibarium upgrade. Notably, this boost comes as the Shiba Inu executive expressed confidence in the upcoming upgrade's potential to enhance functionality and security within the SHIB ecosystem.
DYDX also has a large unlock scheduled but is not experiencing the same pricing pressure.
The deployment of the Celo Layer 2 testnet is planned for later in the summer. This will come after another round of community voting.
TL;DR cLabs proposal to migrate Celo to an Ethereum layer 2 using OP Stack. Special anniversary of the mainnet launch. Invitation to participate in the discussion of the proposal at the forum and in a community call on May 2.
cLabs, the leading developer of the Celo blockchain, has announced plans to transition its network to an Ethereum Layer 2 solution using the OP Stack.
Blockchain project focused on decentralized finance Celo announces plans to implement an Ethereum Layer 2 solution.
cLabs, the principal developer behind the Celo blockchain, has announced its decision to employ Optimism's OP Stack for its upcoming Ethereum Layer 2 solution. This choice signifies the conclusion of a very detailed eight-month assessment period during which a number of scaling technologies were subject to thorough testing.
After evaluating various scaling technologies over an eight-month period, cLabs chose OP Stack for development.
