Why Optimism (OP) Price Rises: Latest Data Explains The Rise

The amount of Ethereum (ETH) traded on the Optimism network has shown an unprecedented increase in the past 3 months. According to experts, the reason for the increase may be the upcoming Ethereum update.

upcoming on Ethereum network The Merge update offers users innovative and profitable staking opportunities. This is the most preferred among the staking opportunities. I’m optimal It looks like a network. Cryptocurrency research company centiment According to the report published by within 90 days Unprecedented amounts of Ethereum have been deposited into the Optimism network. around 40 thousand The inclusion of Ethereum on the Optimism contract has also been reported on the Optimism token (OP) in the last 1 month.a mini bull rally“It made it happen. within 30 days %one hundredOptimisim trading volume, which showed an increase of close to , confirms Santiment’s report.

In addition, according to CoinmarketCap data, Optimism is the most sought-after coin this week.

In addition, according to important commentators in the market, these volume amounts and the OP token price, which rise with an expectation, may go into a decline period with the selling of the expectation after the Ethereum update. Another data presented by Santiment is “Social Volume“. According to social volume, with the increase in volume on Optimism, users’ interest in Optimisim on social media such as Twitter does not show parallelism.

Optimism price at the time of writing from $1.94 traded in the markets. OP, looking at its current price weekly 25%exhibits an upward performance.

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