In anticipation of the Ethereum Improvement Proposal (EIP) 4844, market analysts predict a possible surge in the value of ARB and OP tokens. The Ethereum network has a history of upgrades aligning with specific catalysts or narratives, which often leads to increased interest and value in related tokens.
In a recent tweet by Crypto expert Sandra, she discussed the potential breakout of ARB and OP ahead of the EIP-4844 catalyst, highlighting the historical correlation between ETH network upgrades and significant narratives. Find out more here:
Both $ARB and $OP seem poised for a breakout as we approach the EIP-4844 catalyst.— Sandra (@sandraaleow) June 27, 2023
Previous ETH Network upgrades always coincided with a particular narrative/ catalyst.
Shapella Upgrade = LSD tokens
Cancun Upgrade = L2s ( $ARB $OP) pic.twitter.com/q3PN8Bi71C
The Shapella Upgrade, for example, was marked by a boom in LSD tokens, while the Cancun Upgrade saw Layer 2 solutions like $ARB and $OP take center stage. As Ethereum prepares for the EIP-4844 upgrade, investors are keeping a close eye on these two tokens, expecting them to follow suit and experience a significant upswing.
The EIP-4844 proposal aims to address issues related to Ethereum’s scalability, security, and sustainability. With these improvements, the network would be better equipped to handle a growing number of decentralized applications (dApps) and facilitate faster, cheaper transactions. This upgrade is expected to have a ripple effect on tokens that thrive within the Ethereum ecosystem, including ARB and OP.
ARB, or Arbitrum, is a Layer 2 scaling solution that enables smart contracts to run on Ethereum with improved speed and efficiency. By offloading some of the computational work from the main Ethereum chain, Arbitrum helps to reduce congestion and lower transaction costs. With the EIP-4844 upgrade, ARB could play an even more significant role in optimizing the Ethereum network’s performance.
Similarly, OP, or Optimism, is another Layer 2 solution that focuses on providing faster, cheaper transactions for Ethereum users. By implementing Optimistic Rollups, OP could bundle multiple transactions into a single proof, thereby reducing the load on the Ethereum blockchain. As Ethereum continues to evolve and improve through upgrades like EIP-4844, $OP is expected to gain traction and value.
As the EIP-4844 upgrade approaches, many investors are looking to capitalize on the potential growth of ARB and OP. While there are no guarantees in the world of cryptocurrency, the historical correlation between Ethereum upgrades and associated token performance has generated a sense of optimism.
In conclusion, the upcoming EIP-4844 upgrade presents an exciting opportunity for investors interested in ARB and OP tokens. As Ethereum continues to innovate and enhance its network, these Layer 2 scaling solutions might experience significant growth in both adoption and value.