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Optimism Jumps 22% Following Coinbase ‘Base’ Layer 2 Announcement

Optimism (OP) jumped 22% to a local top of $3.095 at the time of press – marking a 15-day high.

OP was trading at a YTD high of $3.28 on Feb. 3. A subsequent rejection, this time at the marginally lower price of $3.209, on Feb. 8, highlighted the target area for bulls to overcome.

On Feb. 23, crypto exchange Coinbase announced launching an Ethereum layer 2 called Base, running on the Optimism chain.

Earlier, the exchange teased an announcement with a blue circle and the text “2.23.23,” driving Crypto Twitter into a speculation frenzy.

However, it wasn’t until Thursday lunchtime (GMT) that Coinbase revealed its Base layer 2 solution. The firm said Base does not incorporate a token and will use Ethereum as the native gas token instead.

(by Samuel Wan)Get the latest news here: Cointime channel — https://t.me/cointime_en

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