According to the statement of Jack Niewold, founder of Crypto Pragmatist Ethereum layer-2 solution Optimism (OP) altcoin It faces very serious inflation on a daily basis.
We recently reported on the altcoins that will circulate the most tokens annually.
Jack Niewold Warns About Inflation Rate Of Optimism (OP) Altcoin
According to Niewold’s statement, the daily inflation rate of the OP token is 1.1%. This is quite a high compared to Bitcoin’s annual inflation rate of around 1.54%.
Niewold explained his thoughts on the OP token as follows:
“According to TokenUnlocks, Optimism is inflation at an incredible 1.1% DAILY rate.
The situation does not look good for the token, especially considering the very little depth of liquidity in CEXs AND DEXs, a few million sell transactions could easily drop the price by a significant percentage.”
Optimism (OP) is a layer 2 blockchain that sits on top of Ethereum. Optimism leverages the security of the Ethereum mainnet and uses optimistic rollups to help scale the Ethereum ecosystem. This means that transactions are securely recorded in Optimism but ultimately secured in Ethereum.
Niewold also talked about other altcoins with high inflation rate. According to the analyst’s statement, the DEX aggregator is among the coins that will unlock a large number of tokens during the year. 1inch Network (1INCH) is also included.
However, the analyst dYdX warned that only 7% of its token has yet been unlocked.
It also has a market value of $3.3 billion, according to Niewold. of TONCOIN 8 billion dollars worth of tokens will be unlocked.
*Not investment advice.
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