Optimism (OP) surprised crypto market participants twice in the last 24 hours. The token’s price dropped from $1.56 to $1.52, but then shot up from $1.521 to $1.600 in only three hours. Despite the recovery, the token is still low compared to the $1.80 level it saw at the beginning of August.Crypto token Optimism (OP) surprised crypto market participants twice in the last 24 hours. The first surprise came when the token’s price interrupted its steady increase to drop from $1.56 to $1.52. Then came the second surprise when the token’s price shot up from $ 1,521 level to $ 1,600 in only three hours. Of course, the token is still low compared to the $1.80 level it saw at the beginning of August, but it is one of only a few cryptos that have recovered from a dip caused by Bitcoin on August 17.Optimism itself crashed from $1.80 to $1.53 before August 10. Then, after trading sideways for about a week, the cryptocurrency hit its lowest point in the past month — $1.31. This was early on August 18, and since then, OP price has recovered significantly, reaching $1.56 as of the time of writing. This is not the highest in the last 24 hours but is close to its weekly peak.Recent reports have suggested that the accumulation of the OP token has already started, not because crypto users believe that the price is at the bottom, but because of the upcoming Cancun upgrade that is expected on Ethereum’s network. A VC has accumulated 3.73M $OP from #Binance at $1.53 on avg ($5.71M) over the past 24hrs. The VC probably accumulated $OP for the upcoming #Cancun Upgrade, which is expected to benefit Arbitrum & Optimism vastly.Meanwhile, numerous users are turning to popular presales like Launchpad XYZ (LPX). This new project aims to create a platform with educational materials and tools to give developers the upper hand in Web3. It is building a community-driven ecosystem to ensure everyone can make the most out of the next bull run. So far, the project has raised $1.37 million and is approaching $1.4 million raised rapidly. With its cap at $1.55 million, a small burst in LPX purchases could easily conclude the presale reasonably quickly. The LPX token is available for $0.0445, and users can buy it with BNB, ETH, USDT, or a credit/debit card.Optimism (OP) surprised crypto market participants twice in the last 24 hours. The token’s price dropped from $1.56 to $1.52, but then shot up from $1.521 to $1.600 in only three hours. Despite the recovery, the token is still low compared to the $1.80 level it saw at the beginning of August. Recent reports have suggested that the accumulation of the OP token has already started, not because crypto users believe that the price is at the bottom, but because of the upcoming Cancun upgrade that is expected on Ethereum’s network. Meanwhile, numerous users are turning to popular presales like Launchpad XYZ (LPX). This new project aims to create a platform with educational materials and tools to give developers the upper hand in Web3. It has raised $1.37 million and is approaching $1.4 million raised rapidly, with its cap at $1.55 million. The LPX token is available for $0.0445, and users can buy it with BNB, ETH, USDT, or a credit/debit card.
| Information |
Details |
| Geography |
Global |
| Countries |
|
| Sentiment |
neutral |
| Relevance Score |
8 |
| People |
Elon Musk, Amber Group, Spot On Chain |
| Companies |
Launchpad XYZ, Amber Group, BeInCrypto, Bitcoinist, Yahoo Finance, OpenSea, Wall St Bulls, Elon Musk, Optimism, Ethereum, Binance, Spot On Chain |
| Currencies |
Optimism (OP), Bitcoin (BTC), Ethereum (ETH), BNB, USDT |
| Securities |
None |
