Analyst: OP Is Undervalued But Will Skyrocket Because Of Coinbase And Base
Summary
Adam Cochran is bullish about OP, the native token of Optimism, due to Coinbase's backing of Base, a layer-2 scaling solution for Ethereum using Optimism infrastructure. He believes Coinbase's user base will drive retail adoption towards Base, significantly boosting OP. Cochran compares this potential success to BNB Chain's growth with Binance and Solana's success with FTX. Additionally, Ethereum's upcoming upgrades and Coinbase's focus on Ethereum-compatible tokens hint at further support for Base. As of March 1, Optimism has a TVL of $7.8 billion, and Base has a TVL of approximately $1 billion.
