Ethereum’s L2 solution ‘Optimism’ rallies 300% in a month — will OP price gains sustain?

2022.08.04 18:26

Ethereum’s L2 solution ‘Optimism’ rallies 300% in a month — will OP price gains sustain?

The price of Optimism (OP) has been skyrocketing since the beginning of July due to its proximity to Ethereum.

Notably, OP’s price rallied by nearly 300% in over a month to reach $2.31, its second-highest level on record, on Aug. 4. The token received its bullish cues primarily from the euphoria surrounding Ethereum’s potential transition to proof-of-stake in September via an upgrade called “the Merge.”

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