A closely followed crypto trader says that one layer-2 scaling solution still has more upside potential after a big rally.
“Another one that is still revving at the start line. OP retest and reclaim of yearly highs. Just look across the entire market and see what has followed with each pair that has done this. Give it room to breathe, it’s very likely going much higher as long as the music is still playing.”
Optimism is trading for $3.94 at time of writing, up 15.9% in the last 24 hours.
“I can see this starting to move harder if BTC stabilizes. MINA not only is green on the day after the dump, but it is hanging out around new yearly highs. Longing this with a stop below the open today and giving it a little room.”
Mina Protocol is trading for $1.35 at time of writing, down 5.8% in the last 24 hours.
“BTC funding [rate] jacking up after borrow rates were already elevated across alts for a bit.
Prior to this, some alts pumping here and there as BTC dropped. Not a good look.”
Bitcoin is trading for $43,721 at time of writing, up 3.2% in the last 24 hours.Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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