{"id":18033,"date":"2023-02-24T10:56:33","date_gmt":"2023-02-24T10:56:33","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/opx-financevelo-and-sonne-tokens-are-soaring-heres-why\/"},"modified":"2023-02-24T10:56:33","modified_gmt":"2023-02-24T10:56:33","slug":"opx-financevelo-and-sonne-tokens-are-soaring-heres-why","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/opx-financevelo-and-sonne-tokens-are-soaring-heres-why\/","title":{"rendered":"OPX Finance,VELO and SONNE tokens are soaring: Here\u2019s why"},"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\/1677234840589-614835c0-9e59-4fa3-9ec0-4f70179b0247-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677234840589-614835c0-9e59-4fa3-9ec0-4f70179b0247-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677234840589-614835c0-9e59-4fa3-9ec0-4f70179b0247-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677234840589-614835c0-9e59-4fa3-9ec0-4f70179b0247-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Optimism tokens soar after Coinbase news helps inject fresh buying pressure.<\/li>\n<li dir=\"ltr\">OPX, VELO and SONNE all spike, with OP also up double digits.<\/li>\n<li dir=\"ltr\">Coinbase has launched an Ethereum scaling solution dubbed Base.<\/li>\n<\/ul>\n<p dir=\"ltr\">OPX Finance (OPX) is one of the tokens to absolutely rip following the latest <a href=\"https:\/\/coinjournal.net\/news\/\">cryptocurrency news<\/a> involving the blockchain platform Optimism.<\/p>\n<p dir=\"ltr\">According to data from CoinGecko, the native token OPX has skyrocketed 182% in the last 24 hours, with the decentralised finance ecosystem platform one of the Optimism-based tokens to experience sharp price gains starting Thursday.<\/p>\n<p dir=\"ltr\">As noted <a href=\"https:\/\/coinjournal.net\/news\/optimism-price-prediction-op-spikes-after-coinbase-launches-base-on-op-stack\/\">here<\/a>, all that has to do with fresh momentum resulting from news released by major crypto exchange <a href=\"https:\/\/coinjournal.net\/exchanges\/coinbase\/\">Coinbase<\/a>. See, on 23 February, the US-based digital assets platform <a href=\"https:\/\/twitter.com\/coinbase\/status\/1628760201254903809\" rel=\"noopener noreferrer\" target=\"_blank\">announced<\/a> the launch of Base, a Layer 2 blockchain that the company said would leverage Optimism\u2019s OP stack.<\/p>\n<p dir=\"ltr\">It is the news of Base, the new Ethereum L2 scaling solution by Coinbase, which saw buying pressure across multiple Optimism ecosystem tokens rise to new levels. And in turn, the ecosystem saw sharp price gains that have contrasted with the sideways action for most top coins.<\/p>\n<h2 dir=\"ltr\">OPX token leads sharp gains for Optimism ecosystem tokens<\/h2>\n<p dir=\"ltr\">As highlighted above, OPX Finance\u2019s governance token OPX is one of the coins to rally hard after the Coinbase announcement. But the token\u2019s price was also helped by news of a successful burn involving 15,200 OPX.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Great news for those who hold the most deflated token on <a href=\"https:\/\/twitter.com\/optimismFND?ref_src=twsrc%5Etfw\">@optimismFND<\/a><br \/>A total of 15.2K <a href=\"https:\/\/twitter.com\/search?q=%24OPX&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$OPX<\/a>, worth $120K, has been burned, which is sure to strengthen its value \ud83d\udcaa\ud83d\udc8e<br \/>You can purchase <a href=\"https:\/\/twitter.com\/search?q=%24OPX&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$OPX<\/a> at<br \/>\ud83d\udccd<a href=\"https:\/\/t.co\/1j54SAzkQy\">https:\/\/t.co\/1j54SAzkQy<\/a><br \/>Don&#8217;t miss out on the excitement! <a href=\"https:\/\/twitter.com\/hashtag\/opx?src=hash&amp;ref_src=twsrc%5Etfw\">#opx<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24OP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$OP<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Optimism?src=hash&amp;ref_src=twsrc%5Etfw\">#Optimism<\/a> <a href=\"https:\/\/t.co\/KYT6LFoakA\">pic.twitter.com\/KYT6LFoakA<\/a><\/p>\n<p>\u2014 OPX (@opxfinance) <a href=\"https:\/\/twitter.com\/opxfinance\/status\/1628970247373090816?ref_src=twsrc%5Etfw\">February 24, 2023<\/a><\/p>\n<\/blockquote>\n<p dir=\"ltr\">As per CoinGecko data at 6:00 am ET on Friday, OPX price had jumped nearly twofold to push the token\u2019s value from lows of $4.78 to highs of $8.58. The token was 182% up at the time of writing, with its price oscillating near $7.89 amid some profit booking.<\/p>\n<p dir=\"ltr\">Other tokens to see major gains amid the Base L2 launch include Sonne Finance (SONNE). The lending protocol is native to the Optimism ecosystem and its token jumped nearly 90% to highs of $0.44.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The best place to buy\/sell <a href=\"https:\/\/twitter.com\/search?q=%24SONNE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SONNE<\/a> is <a href=\"https:\/\/twitter.com\/VelodromeFi?ref_src=twsrc%5Etfw\">@VelodromeFi<\/a> .<\/p>\n<p>We encourage anyone to use DEX instead of CEX.<\/p>\n<p>DeFi simply works.<\/p>\n<p>\u2014 Sonne Finance (@SonneFinance) <a href=\"https:\/\/twitter.com\/SonneFinance\/status\/1628336535010410501?ref_src=twsrc%5Etfw\">February 22, 2023<\/a><\/p>\n<\/blockquote>\n<p dir=\"ltr\">DEX platform Velodrome Finance also saw double digit gains, with the price of VELO up more than 20% in the past 24 hours to trade above $0.22. \u00a0Meanwhile, perpetual-focused DEX protocol Perpetual Protocol\u2019s native token PERP soared 44% to hit a high of $1.26.<\/p>\n<p dir=\"ltr\">Several other Optimism ecosystem tokens saw increased buyside pressure, and are currently trending alongside OP, which as highlighted, came close to hitting a new all-time high amid the Coinbase news.<\/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\/opx-finance-token-soars-182-in-24-hours-heres-why\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Optimism tokens soar after Coinbase news helps inject fresh buying pressure. OPX, VELO and SONNE all spike, with OP also up double digits. Coinbase has launched an Ethereum scaling solution dubbed Base. OPX Finance (OPX) is one of the tokens to absolutely rip [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":18034,"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\/18033"}],"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=18033"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/18033\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/18034"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=18033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=18033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=18033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}