The price of Optimism (OP) has soared nearly 300% over a month to $2.31, its second-highest on record on Aug. 4, before dropping to $1.9. current
Optimism is Ethereum’s layer-2 solution that will increase the scalability of the main chain and will benefit from the arrival of the Merge because ” Rollup-Centric Roadmap ” Ethereum will transform its main chain into a layer of settlement and data availability, putting scalability in the hands of layer-2 rollups through it.”danksharding“
said Ally Zach, a researcher at Messari.that “Currently, with the rollups and Ethereum architecture, the current Ethereum-only transaction volume of 15–45 TPS can be scaled up to 1000–4000 TPS.”
“The release of shards will expand storage capacity for rollups to dramatically increase throughput.”
OP price may drop 30% in August
Despite the strong fundamentals But the OP’s technical indicators suggest that the rally could end in the coming weeks.
On the 4-hour chart, the OP’s price increase coincides with a decline in the relative strength index (RSI), indicating “bearish divergence.” Attempts to break above the $2 level were severely rejected twice. From July 29, including a 15% loss after hitting a high of $2.31 on Aug. 4.
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