Coinbase Launches Base on OP Stack, Optimism Price Soars 16%!

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• The price of the Optimism token (OP) rose 16% after Coinbase announced the launch of its L2 platform on OP stack.
• OP surged to above $3.00 on most major exchanges, including $3.10 on Coinbase, not far from its all-time high of $3.19.
• Market activity was also up with data showing trading volume rose nearly 90% in the past 24 hours to over $733 million, and a bullish flip of the relative strength index suggesting bulls are in control.

Optimism Price Prediction: OP Surges After Coinbase Announcement

Coinbase Launches Base On OP Stack

Coinbase announced it had launched Base, an Ethereum Layer-2 network built on Optimism’s OP stack. The project’s goal is to onboard the next 1 billion or more people into the crypto space, providing a secure and low-cost platform for people to create, deploy or interact with decentralized apps.

OP Price Hits Highs Of $3.10 On Coinbase

The news saw Optimism token (OP) surge 16%, pushing its price above $3.00 on most major exchanges that support the cryptocurrency, including reaching highs of $3.10 on Coinbase – not far from its all-time high of $3.19 achieved earlier this year in February 2021. The gains for OP were paled by another unrelated cryptocurrency called BASE Protocol spiking 250%.

Market Activity & RSI Suggest Bullish Sentiment For Optimism Token

Sentiment across the OP community flipped bullish as reaction to Coinbase news pushed OP token higher and market activity increased significantly with data from CoinGecko showing trading volume rose nearly 90% in the past 24 hours to over $733 million. Alongside this positive buying pressure is a bullish flip of the relative strength index which suggests bulls are firmly in control going forward and could potentially push Optimism price towards new all-time highs soon enough..


Optimism token (OP) saw a significant jump in price following news that Coinbase had launched Base on their platform using Optimistic Rollups technology to increase transaction speed and reduce gas fees for users building applications on Ethereum blockchain networks. Market sentiment around OP remains strong with significant increase in buyside volume and bullish technical indicators – making it likely that we could see further upside for Optimism price over coming days/weeks ahead as buyers target new all-time highs for this popular crypto asset