Positive outlook’s (OP) administration token increased to brand-new all-time high of $2.49 on Jan. 25, according to CryptoSlate information.
Layer 2 (L2) network Positive outlook (OP) purchase quantity has actually decreased by over 70% to 200,000 from an all-time high (ATH) of 800,000, according to Etherscan information.
On The Other Hand, in spite of the high decrease in its purchase quantity, Positive outlook’s OP published a $2.49 ATH on Jan. 25, according to CryptoSlate information.
Positive outlook’s purchase quantity drops
Binance study mentioned that the decrease in quantity accompanied Positive outlook finishing its NFT reward program, “Positive outlook Quests,” on Jan. 17– the NFT program majorly drove individual interactions and also deals to the L2 network.
Positive outlook’s development was not natural in 2022 since rewards in its environment sustained its development, a Messari record stated. Current occasions on the network have actually validated this record.
For context, the L2 network signed up over 600,000 deals on Jan. 17 and also decreased by over 50% to 239,000 by Jan. 18, according to Etherscan information. Ever since, the network quantity has actually varied in between 160,000 – – 200,000.
Resource: Etherscan
On the other hand, decentralized money (DeFi) expert, DeFiyst, recommended that individuals took part in the reward program since they intended to get approved for OP’s 2nd airdrop.
OP trades at brand-new ATH
OP is just one of the largest gainers in the present market rally, expanding by over 139% in the last 1 month. Since Jan. 1, the administration token was trading for much less than $1, yet its worth greater than increased when the network saw a rise in its purchase quantity on Jan. 12.
In spite of finishing the Mission program greater than a week earlier, OP’s worth has actually enhanced by 21% in the last 7 days.
