Boba is an Ethereum Layer 2 Optimistic Rollup scaling solution that lowers gas fees, increases transaction throughput, and expands smart contract possibilities.
Boba provides quick exits backed by community-driven liquidity pools. It is reducing the Optimistic Rollup exit period from seven days to just a few minutes while providing LPs with yield farming options. Developers across the Ethereum ecosystem will be able to leverage Boba’s extensible smart contracts to create dApps. They can call code executed on web-scale infrastructure like AWS Lambda, allowing them to use algorithms providing cost-effective solutions. The team’s goal is to create a practical L2, which will be the first step in bringing Ethereum to the next billion consumers. BOBA holders will be able to make proposals, vote on proposals, and delegate votes for proposals on the DAO. Let us review the BOBA price
BOBA Price Prediction
Bullish Scenario: BOBA is trading above the $1.35 support level. If it remains above this zone and the $1.55 resistance level is broken, we could see a move towards $1.92, $2.2 and $2.52.
Bearish Scenario: BOBA has been in a downtrend since the last few months so we don’t have a strong bullish bias for long-term yet. If the support level $1.35 doesn’t hold then it will drop further towards $1.16, $0.90 and below sooner or later.
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