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According to IntoTheBlock, the Optimism L2 blockchain now boasts over 5.9 million addresses with a balance — a substantial 391% increase from January's 1.2 million.

In a dynamic revival of the crypto market, altcoins have surged impressively, mirroring the recovery momentum led by Bitcoin. Notably, tokens like Optimism (OP), Oasis Network (ROSE), and Arbitrum (ARB) have stolen the spotlight with significant gains in the past 24 hours.

The cryptocurrency market continues to present various investment opportunities, having recently rallied, led by Bitcoin (BTC). Despite the perception that digital assets like Bitcoin are often considered out of reach for many investors due to their high unit prices, numerous affordable options are still available in the market.

Optimism price has been witnessing significant momentum over the past few days, becoming one of the top gainers in the market today. Thanks to this recent price growth, Optimism has seen its native token OP lay a serious claim to a place within the top 30 cryptocurrencies by market capitalization.

PEPE follows OP on the way up, with a notable 15% surge today.

The crypto prices today were in the negative territory, a day after the U.S. Commerce Department released the PCE inflation data. Meanwhile, inflation seems to be declining, as evidenced by the latest data, which has also fuelled market confidence while boosting the Fed's rate-cut bets.

The crypto market's rally continued this week.

Optimism's adoption surges as users actively pursue Ethereum scalability solutions, attracting a substantial user base.

The latest price moves in bitcoin [BTC] and crypto markets in context for Dec. 22, 2023. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

Following the market correction, the crypto industry has successfully regained momentum as the market has displayed a significant uptrend this week. Further, the top cryptocurrencies have regained power by covering all their losses from the price volatility.

Crypto Price Prediction: The crypto market witnessed a bullish upswing this week as we near 2024 with high confidence toward the potential approval of Bitcoin spot ETF. The top two leading crypto Bitcoin and Ethereum affirmed the positive sentiment with an 8-10% weekly gain.

In a groundbreaking development, Optimism's native token (OP) has surged by an impressive 23% following the revelation that the OP Mainnet has surpassed a total value locked (TVL) milestone of $5 billion, according to data sourced from L2BEAT. This achievement marks a significant step forward for the Ethereum (ETH) network's second-layer expansion solution.

Layer 2 platform Optimism (OP) has drawn many users lately. Daily unique addresses that have completed more than one transaction on the blockchain jumped 45% in the past week. Further, Artemis data shows daily transfers on Optimism increased by 42% within the past month to a new 30-day high of 512,770.

The last month has seen a rise in demand for Optimism, leading to a spike in daily transactions count.

Gelato and Optimism share a vision of a future built on multiple interconnected chains, enabling horizontal scaling.

Lisk is collaborating with Optimism and Gelato to transition from a Layer 1 to an Ethereum Layer 2 solution.

The Optimism price appears to have struggled over the past week, with its recent bullish momentum seemingly waning. During the altcoin rally, the price of Optimism's native token OP went from a low of $1.2 to a high of nearly $2.5 before experiencing a pullback.

Bitcoin (BTC) has finally crossed $40,000, and it doesn't look like it will stop rising anytime soon. On the other hand, Optimism (OP) is on its way to building new partnerships thanks to its Superchain.

Bitcoin bulls could make a strong push to get BTC through the $45,000 resistance this week. Will UNI, OP, TIA and STX follow?

Optimism has won the race for the L2 with the most active addresses with its recent trend.

Ethereum Layer-2 scaling solution Optimism (OP) is sending its bears into oblivion after soaring as high as 25% in 24 hours to $2.13. The current price level is by far the highest level it is trading at for the year, after seeing more than a 40% upsurge for the month.

Optimism Price Prediction: The Optimism (OP) coin has experienced a significant shift in its price dynamics over the past month. Initially trading within a range defined by two converging trendlines, this period of consolidation, while reflecting uncertainty among market participants, was revealed in the daily timeframe chart as a flag pattern.

In the dynamic world of cryptocurrencies, December 8 witnessed some exceptional performances by BONK, BTT, and OP, showcasing impressive resilience and notable gains amidst the ongoing market surge. These cryptocurrencies have attracted attention for their significant price movements, capturing the interest of investors seeking opportunities in a rapidly evolving digital asset landscape.

Optimism (OP) and BitTorrent (BTT) stole the show today after surging 25% and 35%, respectively, over the past 24 hours. Meanwhile, the altcoins have demonstrated resilience, and more uptrends are likely impending. Optimism (OP) Optimism has been on the investor radar within the past few months following significant performances.