{"id":17214,"date":"2023-02-02T17:02:56","date_gmt":"2023-02-02T17:02:56","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/optimism-token-op-hits-all-time-high-bedrock-upgrade-news\/"},"modified":"2023-02-02T17:02:56","modified_gmt":"2023-02-02T17:02:56","slug":"optimism-token-op-hits-all-time-high-bedrock-upgrade-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/optimism-token-op-hits-all-time-high-bedrock-upgrade-news\/","title":{"rendered":"Optimism token OP hits all-time high Bedrock upgrade news"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1675356609679-1d15a350-3e53-4310-b9c1-b57ea9bf2a25-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1675356609679-1d15a350-3e53-4310-b9c1-b57ea9bf2a25-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1675356609679-1d15a350-3e53-4310-b9c1-b57ea9bf2a25-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1675356609679-1d15a350-3e53-4310-b9c1-b57ea9bf2a25-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<div class=\"fr-img-space-wrap\">\n<ul>\n<li class=\"fr-img-space-wrap2\">OP has rallied over 30% in the past 24 hours, reaching a new all-time high of $2.97 on Coinbase<\/li>\n<\/ul>\n<\/div>\n<ul>\n<li>Optimism is outperforming major coins even as cryptocurrencies rally on Thursday.<\/li>\n<li>Gains for Optimism comes amid buying pressure after news of an upgrade proposal planned for activation on 15 March.<\/li>\n<\/ul>\n<p dir=\"ltr\">Optimism is rallying again as excitement around the <a href=\"https:\/\/coinjournal.net\/ethereum\/\">Ethereum<\/a> layer 2 scaling solution increased following a major news announcement.<\/p>\n<p dir=\"ltr\">As shown on the 4-hour chart below, OP reached a new all-time high of $2.97 on <a href=\"https:\/\/coinjournal.net\/exchanges\/coinbase\/\">Coinbase<\/a>. As of 11:20 am ET on 2 February, the platform\u2019s native token OP was trading at $2.91, still up by more than 32% in the past 24 hours.<\/p>\n<p dir=\"ltr\"><span class=\"fr-img-caption fr-fic fr-dib\" style=\"width: 800px\"><span class=\"fr-img-wrap\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2023\/01\/02\/1675355724253-8773aa2a-c48e-4674-8f8c-82a8f0c4f30c.png\" style=\"width: 800px\" class=\"fr-fic fr-dib\" width=\"800\" height=\"242\"\/><span class=\"fr-inner\" style=\"text-align: left\">Chart showing Optimism price rally to new all-time high on Coinbase. Source:\u00a0<a href=\"https:\/\/www.tradingview.com\/x\/9VGsmB1x\/\" rel=\"noopener noreferrer\" target=\"_blank\">TradingView<\/a>.<\/span><\/span><\/span>According to data from CoinGecko, the OP token price is up 205% in the past 30 days, outshing major coins. About 75% of the gains have come in the past two weeks as platform\u2019s market capitalization steadily rose to currently stand around $625 million.<\/p>\n<h2 dir=\"ltr\">Why OP token price is surging<\/h2>\n<p dir=\"ltr\">Optimism\u2019s gains in the past few hours have come as buying pressure ramped up ahead of what promises to be groundbreaking network upgrade.<\/p>\n<p dir=\"ltr\">On Wednesday, the Optimism Foundation <a href=\"https:\/\/gov.optimism.io\/t\/draft-upgrade-proposal-bedrock\/5014\" rel=\"noopener noreferrer\" target=\"_blank\">released<\/a> a proposal seeking to deploy an upgrade to the protocol\u2019s mainnet. According to the proposal, the upgrade targets improving network performance via the Optimism Collective: Bedrock.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We&#8217;re extremely excited to put this historical proposal in front of the Token House. We see Bedrock as the culmination of years of R&amp;D\u2014and the next crucial step towards a modular, simplified, and performant multi-chain future.<a href=\"https:\/\/t.co\/urk6U9aABj\">https:\/\/t.co\/urk6U9aABj<\/a> <a href=\"https:\/\/t.co\/ebxsvtBM8N\">pic.twitter.com\/ebxsvtBM8N<\/a><\/p>\n<p>\u2014 Optimism (\u2728\ud83d\udd34_\ud83d\udd34\u2728) (@optimismFND) <a href=\"https:\/\/twitter.com\/optimismFND\/status\/1620905414769668097?ref_src=twsrc%5Etfw\">February 1, 2023<\/a><\/p>\n<\/blockquote>\n<p dir=\"ltr\">It is the first major upgrade to the Optimism protocol and brings a rollups architecture to the protocol, with \u00a0transaction batching one of the main features highlighting the huge impact the upgrade could have for the blockchain\u2019s performance.<\/p>\n<p dir=\"ltr\">\u201c<em>This upgrade offers a new level of modularity, simplicity, and Ethereum equivalence for Layer 2 solutions, providing unprecedented performance and functionality<\/em>,\u201d the Optimism Foundation wrote.<\/p>\n<p dir=\"ltr\">Improvements set to be added via the Bedrock release include reduced transaction fees, high throughput and improved sync speeds.<\/p>\n<p dir=\"ltr\">According to the team, the upgrade will not impact most users as the Optimism mainnet is \u201calready EVM-equivalent.\u201d However, some users including those running full and archive nodes have to take action in preparation for the upgrade.<\/p>\n<p dir=\"ltr\">The Bedrock proposal is expected to go through a two-week voting period, with deployment to the mainnet scheduled for 15 March if it passes.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/optimism-price-op-surges-30-to-hit-new-all-time-high\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) OP has rallied over 30% in the past 24 hours, reaching a new all-time high of $2.97 on Coinbase Optimism is outperforming major coins even as cryptocurrencies rally on Thursday. Gains for Optimism comes amid buying pressure after news of an upgrade proposal [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":17215,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/17214"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=17214"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/17214\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/17215"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=17214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=17214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=17214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}