Recent market trends show that investors are more optimistic about Optimism (OP), even though there are issues about security holes in the widely used layer-2 platform.
Offchain Labs, the company that made the Ethereum L2 solution Arbitrum, told the public on April 26 that the Optimism Stack system had major security holes. The flaws were described in a blog post and included two systemic vulnerabilities in the Optimism testnet’s new security structure.
These vulnerabilities, which are in the OP stack fault-proof system’s timers, could let malicious individuals break security protocols, which could cause network conflicts that cannot be solved and put user funds at risk when the update goes live on the Optimism mainnet.
Optimism (OP) Labs Fixes Flaws
Even though OP Labs was told about these flaws a month ago, they were fixed right away on the Optimism testnet. Even though the price dropped briefly to $2.274 on April 27, recent market action shows that investors are once again confident in OP safety and future.
According to CoinMarketCap, the price of OP has gone up an immense 17.16% in the last 24 hours, hitting $2.69. At the same time, the daily trading volume has gone up by 110.64%, reaching $402.77 million.
Crypto expert Michaël van De Poppe told investors to focus on altcoins after Bitcoin was halved. Van De Poppe says that the effects of the halving and the launch of spot ETFs for Bitcoin may have reached their peak, and now the focus is on the altcoin market.
Van De Poppe believes that a lot of altcoins, like Optimism (OP), are inexpensive and will go up significantly in value compared to Bitcoin. He believes that OP could grow three times faster than Bitcoin’s market during this cycle.
Besides these, he also sees tokens like Chainlink (LINK), Woo (WOO), Celestia (TIA), and Skale (SKL) as possible investments that could pay off.
