Traders Should Keep an Eye on One Little-Known Ethereum-Based Altcoin, Says Crypto Analytics Firm Santiment – Here’s Why

Blockchain insights platform Santiment is pointing out anomalies recorded on one under-the-radar crypto asset after it recently rallied to a local top. Santiment says that the Ethereum (ETH) scaling solution Optimism (OP) recorded a bump in price just as the transaction volume of Tether (USDT) and USD Coin (USDC) on the layer-2 blockchain was surging. “Optimism saw a massive spike in transaction volume of stablecoins on its blockchain, just as OP hit its local top last week.” According to Santiment, the transaction volumes of USDT and USDC increased by over 99,000% on Optimism in unexplained circumstances at the time. “Average