1/11/2024 0 Comments Optimism crypto news![]() When you invest, your capital is subject to risk). (This site’s content should not be construed as investment advice. In addition to XRP’s extraordinary rally, several other altcoins have also enjoyed significant gains.Īltcoins such as Solana, Polygon, and Cardano, which were previously subject to scrutiny and classified as potential securities by the SEC, have reaped the benefits of this rising tide in the crypto market. CoinGecko data indicates that XRP is currently trading above $0.76. A trio of studies published in November may shine some light on the social and psychological factors that motivate movement in the non-fungible token (NFT) market. This remarkable climb has sparked fervent excitement within the “XRP army” community on Twitter. 14, 2023, Ethereum processed 1.10 million onchain transactions, while combined transactions on Arbitrum and Optimism reached 1.32 million for the same day. NFT sales and pricing are driven by luck, scarcity, and optimism, according to multiple studies. XRP, Ripple’s native cryptocurrency, has skyrocketed by more than 60% at the time of writing.ĬONGRATS #XRPArmy!!! ITS OUR TIME TO SHINE!!! Chart: Altcoins RallyĪs the news of Ripple’s triumph against the SEC spreads, the crypto market witnessed a major surge. They look for signals that indicate a breakout or reversal in price movement. Bulls carefully analyze price charts and employ technical indicators to identify patterns, trends, and potential entry points. A year ago, Sam Bankman-Fried and Changpeng Zhao ran two of the largest crypto companies. Technical analysis plays a crucial role as well. Related Reading: PEPE Price Drops More Than 60% From ATH – What Lies Ahead? By accumulating buying orders, bulls can potentially overpower selling pressure and propel the price beyond the resistance level. Optimism (OP) is a cryptocurrency based on Layer 2 technology that addresses. ![]() This can be achieved through positive news, improved market sentiment, or attracting new investors. Live Optimism (OP) price index, charts, marketcap, and news. One approach is to increase buying pressure by generating higher demand for the asset. And looking backward, that has been a big impetus for Bitcoin price to rise.Breaking through a resistance level requires bulls to employ various strategies and leverage market dynamics to their advantage. And the halving really just reduces the amount of the mining reward for the Bitcoin miners that approve transactions on the network. So there's a lot talk about what the halving would do. Is the potential for ETF approvals even bigger than the halving that is set to come forward or anticipated next year? So I think that's the reason for the recent run-up in Bitcoin in our view. The current circulating supply is 911,294,948 OP. ![]() Optimism is 34.14 below the all time high of 3.26. In just the past hour, the price shrunk by 0.97. ![]() The price increased by 4.64 in the last 24 hours. Everyone's been paying attention to the prospect of ETFs being approved by the SEC and the prospective demand that will be brought to the Bitcoin market with those ETFs hitting the street, which if Bitcoin trades about $20 billion a day worth of coins in ETFs themselves, could be tens of billions of dollars of additional demand. The price of Optimism has risen by 26.00 in the past 7 days. What do you think is the biggest driver of Bitcoin here over the next several months? Optimism Price Prediction As OP Exits 200-Day Accumulation to Pursue 2.6 Target. So I think there's a lot of talk just about in terms of the pricing action that we've seen with Bitcoin, a number of headlines that have been driving some of this optimism as we look ahead to 2024. So with all this volatility in the crypto market, where are prices headed next? We want to bring in Greg Beard. Bitcoin erasing its week long rally after one of the worst crypto selloffs that we've seen this year. As of last Friday, 2023 was Bitcoin's best year since 2020 in terms of percentage gains, but we did see a bit of a reversal. Bitcoin bulls were enjoying a nice ride last week. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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