- Optimism hits an ATH of $4.53, marking a significant milestone in its price rally.
- All OP holders are now in profit, with 100% of addresses showing profitability.
- Optimism not only thrives as a Layer-2 protocol on Ethereum but also contributes to the boom in the crypto market.
The surge in the cryptocurrency market has propelled Optimism (OP) to unprecedented heights, hitting an All-Time High (ATH) of $4.53. This remarkable milestone comes as a result of the ongoing bull rally, with all OP holders now enjoying profitable returns on their investments.
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While the spotlight often shines on memecoins during such rallies, Ethereum Layer-2 solutions are proving their worth. Optimism, in particular, has seen a remarkable ascent, soaring from a low of $1.06 over the past year to its current ATH.
As OP breaches new price territory, the future trajectory becomes increasingly uncertain. However, this surge has propelled Optimism into the elite ranks of cryptocurrencies experiencing 100% profitability, joining the likes of Bitcoin (BTC), Mantle (MNT), and Starknet (STRK).
The rise in profitability is evident in the increasing number of addresses entering the profit zone. According to data from IntoTheBlock (ITB), all 1.06 million OP addresses are now in profit, with the latest batch of holders acquiring OP between $3.95 and $4.01.
Optimism’s success extends beyond price appreciation. As an Ethereum-based Layer-2 protocol, powered by Optimistic Rollups technology, it has become a cornerstone in the crypto ecosystem. Its robust infrastructure has facilitated the development of high-performance protocols like Base, backed by Coinbase.
In tandem with its price surge, OP’s market capitalization has also seen a significant uptick, reaching $4,376,871,386. Trading volume has surged by 173.11%, underscoring the growing interest and activity surrounding Optimism in the crypto market.
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