A new one has been added to the crazy price predictions of recent times! Million subscriber crypto Youtuber ‘Ben Armstrong’ featured this project in his latest video titled “Next 50x Altcoins”.
BitBoy answers: Which 50x altcoin is next?
As Bitboy, also known as Ben Armstrong, highlighted in his latest video, the growing popularity of Optimism (OP) has taken the crypto world by storm. According to the analyst, he is poised to become a strong competitor to Polygon in the upcoming bull run. Additionally, a new partnership can provide the necessary impetus to rise higher.
In terms of price, Optimism has been making waves lately, with its price up 161% over last year. This is partly due to the support of major investors like Andreessen Horowitz, who led the $25 million Series A funding round in February 2021. This investment allowed it to achieve its goal of lower fees, lower latency, and higher throughput compared to transacting in Ethereum.
Coinbase launches Layer 2 Blockchain solution based on Optimism
Another major player backing Optimism was Coinbase, which earlier this year launched its second-layer network Base using Optimism’s (OP) codes. This move has attracted millions of new crypto users to the ecosystem and helped increase the value of Optimism’s native tokens.
cryptocoin.com As we reported, Coinbase plans to expand its second layer network to other networks.
Optimism’s competitors
Despite the wave of hype surrounding the ARB Coin airdrop event, the number of unique addresses on the Optimism network continued to grow.
In terms of competitors, Optimism is facing another layer two networks in Ethereum like Polygon and Arbitrum. While Polygon is currently the most active network, Armstrong predicts Optimism will be the biggest mover in the next two years.
Coinbase has also recently launched a new wallet set to offer users a secure and easy way to store and access their Web3 wallets. As Coinbase is the largest US exchange and one of the most trusted names in the crypto world, this move is expected to be a big boost for Optimism and trading volumes.
The future looks bright for Optimism, and its partnerships with major investors and companies like Coinbase have given it the resources and credibility it needs to succeed. As Armstrong puts it, “Pretty much everything Andreessen Horowitz, and especially Mark Andreessen, touches turns into gold.” With the support of these big players, Optimism is set to take the world of decentralized finance by storm.
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