#soitumlum #04 #OP

Optimism (#OP) is a layer 2 blockchain built on the Ethereum platform. Optimism leverages the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollup technology. This means that transactions are reliably recorded on Optimism but are ultimately secured on Ethereum.

Optimism is one of the largest scaling solutions for Ethereum with over $500 million TVL. It hosts 97 protocols, the largest of which are Synthetix (SNX), a derivatives exchange, Uniswap (UNI), a decentralized exchange (DEX), and Velodrome (VELO), an AMM. Users can start their journey on Optimism by adding the chain to Metamask and bridging tokens like ETH to L2.

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From a technical analysis perspective

The nearest entry point for accumulation could start at: 2.29 - 2.359

The strongest support currently is at: 2.121

The short-term price target will be 2.93

The medium-term price target is 4.57