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Optimism (OP) is proving to be a beacon of stability amidst the tumultuous fluctuations of the cryptocurrency market, particularly Bitcoin (BTC). While Bitcoin's price swings have left investors on edge, Optimism's weekly rally seems poised to extend its resilience.
Optimism extended its range-bound movement with prices bouncing off the range-low of $1.41, as bulls and bears sought to gain the upper hand.
Ethereum layer 2 network Optimism (OP) has maintained its market recovery in the last few days, recording a 5.57% gain over the last 24 hours, based on data from CoinMarketCap. Since hitting the $1.31 price mark, Optimism has embarked on an upward curve, looking set to return to the high price levels seen at the start of August.
Over the past week, the market-wide flash crash on August 17 negatively impacted investor confidence. But, while global altcoin market capitalization dipped 11%, crypto whales are buying these three altcoins, presumably for October gains.
Despite market decline, Optimism's active addresses surged showcasing strong engagement and ecosystem utilization.
Optimism made an attempt to recover the ground that was lost last week. However, OP was faced with this roadblock and it could come in the way of the bulls' momentum.
Bitcoin is searching for stability in the $25,000 zone, meanwhile, HBAR, OP, INJ and RUNE price looked primed for further upside.
Optimism could record extra losses, given the overhead roadblocks and weak BTC.
More victims in DeFi scams and hacks this week on both Coinbase's Base and Optimism.
Exactly, a credit market on the Optimism network, was hacked on Friday as thieves exploited its bridge to swipe a stash of ETH.
The specifics of the exploit have not been disclosed by the DeFi project.
Optimism's decentralized finance (DeFi) project Exactly Protocol has become the latest victim of an exploit.
Optimism flipped a key price zone to a resistance and retested it as a hurdle. Are more shorting gains likely?
Optimism's OP Stack could add massive revenue to the OP treasury in the long run.
DeBank plans to launch a social media platform, DeBank Stream, by leveraging the 200,000-plus users on its chat app DeBank Hi.
DeBank's “Asset Layer for Social” blockchain looks to tackle costly transaction fees and safeguard layer 1 assets on EVM-compatible chains. The DeFi aggregator said its chain would implement account abstraction at chain level to offer a web2-like experience for users.
A grayed-out "airdrop" icon at the top of the Friend.Tech app suggests the platform will release a token.
Top cryptos to buy now offer investors quick returns and long-term potential as acceptance goes mainstream.
The cryptocurrency market is renowned for its volatility and constant fluctuations. Recent market movements have brought attention to the weakening crypto market cap (TOTALCAP), Bitcoin's ongoing struggle with resistance, and the breakdown of Optimism (OP) from an ascending wedge pattern.
Coinbase becomes the first American publicly traded company to launch a decentralized network. The layer 2 blockchain Base is now open to the public with over 100 dapps and on-chain service providers like Chainlink available at launch.
Although the crypto market on the whole witnessed some turbulence, the same couldn't be said about OP tokens. This was because OP emerged as a standout performer, gaining 42% in the past month.
Despite pullback at critical price level, Optimism looks on course to hit a significant price level in the short term.
Valio has officially launched its public version, offering users a revolutionary way to have their funds managed by professionals without the need to entrust them as custodians.
Valio has launched publicly, allowing investors to back money managers through a decentralized process.
