Crypto project that brings scaling solution for Ethereum network of Optimism Its native token OP climbed to an all-time high of $2.55 as of 10pm yesterday evening.
KISSHaving gained 150% in value since the first hours of 2023, it has attracted the attention of many crypto investors in recent days.
Although Optimism broke the all-time record, it could not stay at the top. According to the 4-hour chart, the OP, which failed to close above the $2.41 resistance, is currently trading at $2.20.
The first possible support for the OP token is at $1.90. Investors expect the uptrend to continue. on-chain data gives some negative signals.
OP Transfer Count Down 70%!
According to data on the website of blockchain network tracking platform Blockscan, the number of transfers on Optimism rose volatilely in the second half of 2022. However, the sudden decline of 70% on January 20 is confusing.
According to the chart, while the number of transactions on January 12 peaked at 800,000, this figure dropped to 190 thousand within a week.
Experts attributed this decline to the end of the incentive program called Quest, which took place on the network in the past weeks. Optimism developers had set up an incentive program to educate new developers about the network.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!