Optimism Suffers 21% Loss – Will On-Chain Activity Regain Investor Trust?
Losses mount for Optimism as the market suddenly flips from bullish to bearish, wiping significant gains made after it rebounded last week. According to CoinMarketCap, the token is down over 21% since last month, putting significant pressure on investors as the market continues with its choppy trading days. Related Reading: XRP Breakout: Could It Skyrocket To $100? Analysts Share Their Predictions Despite the market’s hostility in the past 24 hours, on-chain news still reinforces investor confidence as the platform’s Superchain continues to grow. But questions remain as to how this can affect the token’s price in the coming days and weeks. Conduit, Mode, And Zora Join Optimism Collective Security Council Last Saturday, the official Optimism X account revealed that Conduit, along with Zora and the Mode Network, gave their L1 contract upgrade keys to the Optimism Collective Security Council. According to Optimism, this is “a significant step for these chains to progress towards Stage 1 Decentralization.”
Losses mount for Optimism as the market suddenly flips from bullish to bearish, wiping significant gains made after it rebounded last week. According to CoinMarketCap, the token is down over 21% since last month, putting significant pressure on investors as the market continues with its choppy trading days.
Despite the market’s hostility in the past 24 hours, on-chain news still reinforces investor confidence as the platform’s Superchain continues to grow. But questions remain as to how this can affect the token’s price in the coming days and weeks.
Conduit, Mode, And Zora Join Optimism Collective Security Council
Last Saturday, the official Optimism X account revealed that Conduit, along with Zora and the Mode Network, gave their L1 contract upgrade keys to the Optimism Collective Security Council. According to Optimism, this is “a significant step for these chains to progress towards Stage 1 Decentralization.”
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