What is Optimism?
Optimism as name suggested project aim to accelerated Ethereum scaling with layer 2 blockchain solution. Main purpose of launching its own network is to provide seamless low cost and faster transactions. Project has started in June 2019 with introduction of optimistic rollup and in December 2021 they have launched their main network.
Optimism is fully open source and decentralized along with that it provides permissionless and secure network. Project will be working as non-profitable organizations and all profit earning will be dedicated to launching new product on the network. Optimism will be having its own network and in future we could see newest upgraded in network that include sharded rollup, Decentralized sequencer and more.
Optimism keeping thing simple, as it used Ethereum code and network fundamental. So, codes in Optimism will remain simple and easy to understand that will help anyone to directly work with existing database. Project aim to become biggest Scaling solution for Ethereum with highest Total volume locked. as per report, Network already home of more than 35+ protocol and majorly involved in popular decentralized exchanges and applications.
Optimism Price Prediction
|Month & Year||OP Price Prediction|
|Based on||Layer 2 Solution|
|Exchange Platform||Binance, Gate, Kucoin, OKX, Huobi Global|
OP Token Price Analysis
OP is governance and utility token of Optimism ecosystem with distribution as Ecosystem fund, retroactive public goods funding, user airdrop, core contributors and investors. Token holder will get their reward from sequence revenue model, which is currently top priority in the roadmap. However, OP token revenue will be distributed public goods that aim to demand for blockspace.
As per CMC and CoinGecko OP token listed with price $0.91 USD on Binance, Huobi and other tier 1 exchanges. However, after token listing bear market start, where token value dipped below $0.50 USD. Following attack on Optimism network, hacker stole over $24 million worth token, but 95% of token later return by hacker himself to the Ethereum founder wallet. During this time, OP token continues to follow steady price graph and now since July 2022 it continues to follow upward trends. OP token price spiked from $0.47 to $2.22 USDT in less than one month. Now, token trying create resistance at price level $1.60 USD and if market sentiment remains neutral then we could see OP hitting new all time high before end of 2022.
Will OP Token hit $10?
Expected within next 1 year.
Is Optimism a Good Investment?
Looking at history Ethereum scaling solution always got huge response from investor.
Optimism right after launch stuck in big controversies in that network got hacked but still token value recovered way faster than expected. Project has great utility and strong roadmap that aiming onboard lots of potential projects on to network. Optimism has gained huge market volume in less than 3 months of listing and already it able to maintain ranking under top 200 project by market cap. Optimism token already listed on top exchange and on decentralized environment it already being listed.