Many alts run up up when btc goes up and likewise they fall when btc falls.
Except optimism. It is off-phase, similar to xrp back in 2016-2017 before the boom.
Lot of alts have no adx against their btc pair. Optimism has what it takes, and I bet you the algos will pick this one up.
Fundamentally, once eth transactions become too expensive and network gets congested, we will have no choice but to use an L2 to club the transactions together for a lower individual gas fee.
Arbitum has weaker adx and the boomerang from would ideally be weaker than that of OP
Except optimism. It is off-phase, similar to xrp back in 2016-2017 before the boom.
Lot of alts have no adx against their btc pair. Optimism has what it takes, and I bet you the algos will pick this one up.
Fundamentally, once eth transactions become too expensive and network gets congested, we will have no choice but to use an L2 to club the transactions together for a lower individual gas fee.
Arbitum has weaker adx and the boomerang from would ideally be weaker than that of OP
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.