Thanks to a successful airdrop, onchain metrics now paint a bullish outlook for $OP
, the L2 token of the #Optimism network. The cryptocurrency has not yet been able to start an uptrend, but could rise 64% from its current price in the foreseeable future

Let's understand how Optimism's airdrop went and what the market can now expect from the OP price.

Optimism investors are optimistic

The team of L2 solution for the #Ethereumnetwork - Optimism - has successfully completed its fifth airdrop. This time, more than 54k users received over 10.3 million OP #tokens totaling >$15 million. Many market players see the giveaway as a bullish signal as it attracted a lot of attention to the project.

The metric of realized gains and losses does not show sharp fluctuations so far. Rises above the zero mark indicate that investors are locking in profits. Meanwhile, the lack of spikes above zero indicates that holders are not moving their #assets .

In the case of OP, it is likely that investors continue to hold positions in anticipation of a price rise. In theory, such tactics could help stabilize the token's exchange rate or even raise its price.

Meanwhile, the metric that tracks the growth of the Optimism network has shown significant growth. After the airdrop, the network's growth rate soared 611% in just one day. This indicates that many new users joined the network during that time.

This figure is a reliable indicator of the project's long-term prospects, and for Optimism, such a jump is a sign of a significant strengthening of its position. Together, the factors described above are capable of triggering an upward movement for OP.

OP Outlook: New Heights

At the time of writing this analysis, OP is trading at $1.51, down 6.4% over the past 24 hours. The chart below shows that the price of the token is now testing the lower boundary of the ascending triangle pattern.

If the altcoin manages to bounce off the lower trend line, it will have the opportunity to test the resistance levels at $1.74 and $1.87. Overall, this scenario prepares the ground for a possible Optimism breakout and strengthens the bullish outlook.

Within the pattern, OP could rise 64% to $3.17. Such a rise will be possible if the token can rise above $2.00 and turn this level into a new support.

If Optimism fails to break above the resistance at $1.87, the breakout described above will be postponed. Such a development would put the bullish thesis in doubt.
#10MTradersLeague

Immutable Games has announced the release of the first expansion for the mobile collectible RPG game Guild of Guardians, which will introduce two new legendary Guardians and additional fresh content. The expansion, titled Frostmire, is set to launch on October 16 and will take players into a brand-new icy environment.
New Location and Guardians
This update will transport players to a new world of snow-covered mountains and frozen plains. The most exciting additions will be two new Guardians: Lisca and Dolvir.
Lisca is known for her ranged skills and hails from the cold region of Frostmire, where she developed a quick wit and a love for sweets. Dolvir is a warrior-style Guardian, offering powerful offensive abilities. These Guardians will be available for purchase or summoning via the Altar of Sacrifice once the expansion launches.
Chris Clay, the game director for #GuildOfGuardians , described Lisca as a character well-suited to cold environments, executing deadly ranged attacks with ease. Dolvir, on the other hand, is a strong fighter whose summoned pets provide extra damage and endurance.
New Game Features
Guild of Guardians is a mobile game available on iOS and Android, where players, known as Commanders, lead a team of Guardians through dangerous dungeons. As each dungeon is cleared, Commanders gain experience and loot, allowing them to level up their team.
The game blends collectible card elements with Guardians, who are based on NFTs on the Immutable zkEVM #Ethereumnetwork . The combat style is inspired by games like Teamfight Tactics but remains rooted in the roguelite genre.
Chris Clay also mentioned plans to introduce new regions every four to six months, depending on player progression and the balance of new expansions.
Story and New Challenges
Clay emphasized that each expansion will bring a captivating story that encourages players to delve deeper into the world of Guild of Guardians. Frostmire will not only introduce new locations but also new enemies, music, and unexpected surprises.
Additionally, Frostmire will add level 7 gear to the game, which players can use to strengthen their Guardians in combat. For competitive players, a special limited-time event is on the horizon, promising new challenges and rewards.
#etherreum , #NFTGaming , #GamingCommunity

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Ethereum's trading volume and transaction count have taken a hit in August, with a 55% decline in the seven-day moving average of daily trading volume ¹. This downward trend is also reflected in the daily network transactions, which have decreased throughout the month.
The seven-day moving average of daily economic throughput on the Ethereum blockchain has fallen significantly, from $6.56 billion on July 26 to $2.9 billion today ¹. This decline may be attributed to various factors, including market volatility and increased competition in the cryptocurrency space.
Despite this slump, Ethereum remains a leading player in the cryptocurrency market, with a market capitalization of $303,936,220,619 and a 24-hour trading volume of $23,423,645,242 ². As the cryptocurrency landscape continues to evolve, it's essential to keep an eye on Ethereum's performance and adapt to changes in the market.

#EthereumUpdate
#CryptoMarketTrends
#BlockchainActivity
#Ethereumnetwork

Let's take a deep dive into tblockchain's latest advancements with AltLayer
Rollup-as-a-Service (RaaS). This service represents a leap forward in
scaling Ethereum-based applications, delivering unprecedented speed and
security enhancements.
Understanding Rollup-as-a-Service (RaaS):
Rollup-as-a-Service (RaaS) is an innovative approach in the blockchain field, simplifying the deployment of customized rollups. This service is key for enhancing Ethereum's scalability by processing transactions off-chain and then finalizing them on the Ethereum mainnet. RaaS efficiently resolves common complexities associated with software and hardware management in blockchain systems. Its implementation significantly boosts Ethereum's transaction capacity while reducing operational costs, offering a substantial advantage for developers aiming to scale their decentralized applications in a more efficient and effective manner.
AltLayer's RaaS Offering:
AltLayer stands out with its Restaked Rollups, integrating EigenLayer's restaking mechanism for enhanced security and efficiency. Its offerings include decentralized sequencing, state correctness verification, and faster finality, supported by a versatile rollup stack compatible with major blockchain technologies.
Impact on Ethereum Ecosystem:
AltLayer's RaaS potentially revolutionizes Ethereum's scalability, fostering decentralized application growth and reducing transaction fees.
Practical Usage and Accessibility:
AltLayer's RaaS is accessible via a no-code dashboard, simplifying the creation of custom execution layers for various users, including those with minimal coding skills.
Market Performance:
The debut of AltLayer($ALT ) has been nothing short of spectacular, marked by a staggering 5000% return on investment on its first day. This extraordinary performance underscores the market's confidence in AltLayer's innovative approach and potential.
AltLayer RaaS represents a significant leap forward in blockchain technology. By enhancing the scalability and functionality of Ethereum-based applications, it opens new horizons for the future of decentralized applications. Its successful market debut, reflected in the remarkable rise of its token $ALT is a testament to its potential impact on the blockchain ecosystem. As the technology continues to evolve, AltLayer's RaaS is poised to play a pivotal role in reshaping the landscape of Ethereum and decentralized applications.

#AltLayer #TradeNTell #ALT #Ethereumnetwork #Priceanalysis