As Publish is officially on Optimism network, I decided to take a look at the token:
This chart looks absolutely amazing, OP token has been on an gradual uptrend for the past 18 months the floor just getting higher and the chart is forming a "W" with higher lows (that is extremely bullish long term chart!
We can expect the price of OP token go to around $5 in the upcoming months!
Could it be one of those tokens that will give the best returns in 2024-2025? The circulating supply of OP is just about 881,000,000 and the total max supply is 4,294,967,296.
If Optimism is found in the top 10 coins with a market cap of around $20B it would put the coin at a price of around $20 and that is doable when the proper bull market kicks in!
Considering the fact that Optimism allows to use its token to pay for gas fees they can incentivize bridging to the network by offering free tokens for first time bridging! This can benefit projects that are looking to bridge from ETH to Optimism!
There are already many large projects supporting Optimism: OpenSea, Uniswap, Kwenta...
What is most important about the chain is that Optimism has the lowest fee of other L2s - that makes it the most attractive choice!
Publish0x should also include it on the main tab next to Ethereum, Link and other Coins!
I will find out how well the chains operates once I receive my withdraw - hopefully won't have to wait 3 weeks like in case of Kucoin very so often!
All The Best,
Aventurine!
