The beginning of this week witnessed a decline in the overall cryptocurrency market capitalization, impacting various digital assets, including OP, the native coin of the Ethereum-based layer-2 Optimistic Rollup network.
Amid the broader market downturn, $OP experienced weekly losses exceeding 17%. Despite this, a significant portion of token holders demonstrated resilience, maintaining profitable positions.
$OP has been on a notable uptrend recently, driven by the robust and widely adopted Optimism’s OP Stack technology. Numerous Layer2 projects have embraced this technology, with many already live on its mainnet, testnet, and several awaiting deployment.
Despite Recent General Market Dip, 80% Of OP Holders Are Still In Profits
According to data from Intotheblock, even with a nearly 20% price decrease in the last 7 days, the majority of $OP holders, surpassing 80%, remain in a profitable zone.
Despite suffering a price decrease of nearly 20% in the last 7 days, over 80% of $OP holders remain in profit.
🔗https://t.co/lmTUjhZFx4 pic.twitter.com/3hlFNbG95b— IntoTheBlock (@intotheblock) January 24, 2024
This resilience is attributed to the presence of long-term investors who have adeptly navigated the market’s volatility, contributing to the positive trend observed for this cryptocurrency asset.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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