Ben Armstrong (Bitboy), one of the controversial names in the cryptocurrency world, in his latest video Optimism (OP) stressed on the altcoin’s growing popularity.
According to Bitboy, Optimism is poised to be a strong contender to Polygon in the upcoming bull run. Also, a new partnership can provide the necessary impetus to further strengthen the network.
Optimism has been gaining strength lately, and its price has performed very well, up 161% last year. This is in part because it led the network’s $25 million Series A investment round in February 2021. Andreessen Horowitz It was linked to the support of major investors such as This investment allowed it to pursue its goal of lower fees, lower latency, and greater throughput compared to transacting on Ethereum.
Supports Coinbase Optimism Network
Another important name supporting the Optimism network was Coinbase. The leading US exchange powers Base, a layer-2 solution using the network’s technology.
From the point of view of competitors, another layer on Ethereum, such as Polygon and Arbitrum, is in fierce competition with the two networks. While Polygon is the most active network at the moment, Armstrong predicts Optimism will be the biggest movement in the next two years.
Coinbase also recently launched a “Wallet as a Service” feature that will offer users a secure and easy way to store and access Web3 wallets. This move is expected to be a big boost for Optimism and trading volumes, as Coinbase is America’s largest exchange and one of the most trusted names in crypto.
As a result, the future of the network looks very promising for now. Support from different areas can strengthen the network and thus the local token.
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