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Ethereum's L2 solution 'Optimism' rallies 300% in a month — will OP price gains sustain?

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cointelegraph.com

The price of Optimism (OP) has been skyrocketing since the beginning of July due to its proximity to Ethereum.Notably, OP's price rallied by nearly 300% in over a month to reach $2.31, its second-highest level on record, on Aug.

4. The token received its bullish cues primarily from the euphoria surrounding Ethereum's potential transition to proof-of-stake in September via an upgrade called "the Merge."To recap: Optimism is an Ethereum rollup solution.

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