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The modular DeFi Layer 2 network will receive the grant of up to 2 million OP tokens ($5.3 million) to support user growth incentives.

In a recent market analysis, crypto analyst at AM Crypto has opened up about Bitcoin's current upward trajectory while also discussing the resurgence of altcoins as a pivotal focus. The potential for major gains in the coming days and weeks has caught the analysts' attention, urging investors to monitor developments closely.

Ever since the 2021 bull run, cryptos have gained mainstream attention, with significant growth in adoption as well. Since then, the market participants have kept on exploring various other projects, which may outperform the popular cryptos in terms of growth.

Cryptocurrency analyst and trader Michaël van de Poppe says one Polygon (MATIC) rival is setting the stage for a massive surge. Van de Poppe tells his 685,200 followers on the social media platform X that layer-2 scaling solution Optimism (OP) might soon soar by more than 55% from its current value.

The euphoria surrounding the approval of spot Bitcoin ETFs has evaporated significantly, leaving the crypto market in a subdued state. One could almost say the news marked the peak, at least for now.

Ethereum Co-Founder Vitalik Buterin praised Optimism for distributing over $100 million in RetroPGF Round 3, emphasizing its role in funding public goods and supporting the Ethereum ecosystem.

Vitalik Buterin created a huge difference with his latent ideology to fund $100 million to the developers, which seems to be a turner. The co-founder of Ethereum, Vitalik Buterin, has lately been seen hounding the headlines with optimism.

All eyes were on Bitcoin today as the US Securities and Exchange Commission approved spot ETFs. However, the suggestion that the news was already priced in appears to have some merit.

Arbitrum (ARB) and Optimism (OP), two major Layer 2 (L2) cryptocurrencies, gained this week as more heat hits the crypto markets.

Practically the entire cryptoverse got a lift from a long-awaited regulatory move.

Altcoins are feeling the heat amid the spot Bitcoin exchange-traded fund (ETF) approval saga. Following the fake news posted on Tuesday after the Securities and Exchange Commission (SEC) X account was hacked, Bitcoin price briefly rallied above $47,000 leaving out most top altcoins except Ethereum.

Binance confirms support for Optimism (OP) network's upgrade and hard fork on January 12, 2024, enhancing Ethereum's Layer 2 scalability and efficiency.

Bitcoin is not the only digital asset making big gains at the beginning of the new year. A number of altcoins are also surging, and a handful of them have been leading markets for months, with analysts predicting huge gains in 2024.

Bitcoin remains stuck inside an ascending triangle pattern, but UNI, NEAR, OP and INJ are showing promise in the short term.

The Ethereum Layer 2 transactions skyrocketed by over 330% in 2023 compared to the last year. In recent months, Ethereum's scaling solutions have experienced a notable uptick in interest, marked by the frequent introduction of new Layer 2s (L2s).

These altcoins have bullish-looking formations and could reach new all-time highs in January.

The crypto industry continues to display significant price volatility in recent times. Further, top altcoins have recorded a notable correction in their respective values, highlighting a bearish influence in the market. On the other hand, the OP price has recorded a loss of over 11% within the past day.

Layer 2 digital coins Polygon (MATIC) and Optimism (OP) dominate the trends as their base platform, Ethereum (ETH), witnesses heightened consideration from market participants as they await it to outshine the bellwether Bitcoin, OP and MATIC in the limelight as attention switches to Ether Polygon and Optimism are among the layer 2 blockchains benefiting as

Ethereum is up significantly today, but the tokens behind projects that make the ecosystem faster and cheaper to use are doing even better.

Besides the Cardano ecosystem, Avalanche and Optimism also appear to be bustling with developer activity.

Amidst Web3 gaming developers, Optimism's OP Stack witnessed increased adoption. However, the OP token saw a price decrease.

Crypto Price Prediction: On the Christmas holiday, December 25th, the crypto market exhibited a sideways movement overall. Despite this general trend, a select few altcoins have seen a significant influx of investment.

The cryptocurrency industry added $100 billion to its global market cap this week, with notable contributions from top performers Moonriver, Solana and Optimism.

As Bitcoin takes the helm in steering the crypto market towards a recovery path, several altcoins have begun to shine with remarkable growth. Optimism (OP), Oasis Network (ROSE), and Arbitrum (ARB) are among the standout tokens that have exhibited substantial surges in the last 24 hours, prompting investors' attention amid an overall positive market sentiment.