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As the third month of 2023 approaches with the sentiment of careful optimism on the cryptocurrency market, many crypto traders and investors are analyzing the landscape, trying to discern which digital assets are worthy of their attention in the following few weeks.
The more recent Coinbase-Optimism news has turned OP into one of the best performers today.
Base is a fork of Optimism, one of the largest layer 2 networks on Ethereum.
Ethereum-based (ETH) scaling solution Optimism (OP) is skyrocketing after the announcement of a partnership with a scaling project incubated by the largest crypto exchange platform by volume in the US.
Despite similar price action, Fantom and Optimism ecosystems are moving in opposite directions and this is reflected in each token's price.
The testnet of Base was started by Coinbase on February 23rd.
Bitcoin (CRYPTO: BTC) traded higher, with the cryptocurrency prices remaining above the $24,000 level on Thursday. Ethereum (CRYPTO: ETH) also moved higher, trading above the $1,600 mark this morning.
CoinTracker, the leading cryptocurrency tax and portfolio tracker tool, has expanded its solution to Arbitrum, Optimism and Cosmos blockchains. With this multichain support, even more crypto users can now handle their digital asset tax filing seamlessly across different blockhains, the CoinTracker team said in an announcement.
Lido and Optimism aim to increase the availability of wrapped staked ether (wstETH) with OP tokens through the new liquidity mining and user incentives program.
A new 1 million OP token grant means Lido Finance users looking to earn some extra yield can do so by porting over to Optimism.
The Aave community has favorably voted on a proposal to permit Lido DAO to distribute token rewards across liquidity pools on three networks.
ConsenSys veteran Evan van Ness, author of the Week in Ethereum newsletter, noticed an interesting "flippening" and explained why the recent bullish rally might have been the last one for Solana (SOL).
OP is up about 230% in the last month as Layer-2 projects seem to come back into the spotlight.
DYDX, MINA, Optimism (OP), Loopring (LRC), and Convex Finance (CVX) lead the pack this week as the biggest crypto market gainers.
The OP price has risen 30% in the last 24 hours, reaching values close to its absolute highs of $3, which have not been seen since the token's airdrop in late spring of last year. OP is the native token of Optimism, a Layer 2 blockchain on top of Ethereum and one of the leaders in all key metrics among such protocols.
The latest price moves in bitcoin (BTC) and crypto markets in context for Jan. 27, 2023. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.
Key Points: A well-known trader believes smart contract platform Solana (SOL) and two Altcoins flying under the radar have more upside potential. Cantering Clark, a pseudonymous Twitter user, warns that traders who continue to bet against Ethereum will be blasted out of their holdings by a short squeeze.
A widely followed trader says he sees more upside potential for smart contract platform Solana (SOL) and two tokens flying under the radar. Pseudonymous Cantering Clark tells his 158,900 Twitter followers that traders who continue to bet against the Ethereum rival will likely be blown out of their positions by a short squeeze.
The importance of Layer 2 solutions is becoming much more glaring as web3 adoption continues to grow paving a way for developers to launch without compromising speed for scalability.
Anonymous DeFi researcher and data analyst who goes by @defi_mochi deobfuscates recent developments in Layer-2 segment
A flurry of trader activity and speculation of layer-2 projects have seen their associated tokens posting gains to start the year
The cryptocurrency industry is still picking itself up following the devastation created by the collapse of FTX, nonetheless, development teams among the major blockchain networks are continuing to build and expand across their own ecosystems.
If you missed out on Ethereum, you might want to consider one of these Layer 2 scaling solutions for Ethereum.
The Pyth network has announced that its high fidelity (HiFi) data feeds are now available on the Ethereum (ETH) network and Optimism (OP).
