Optimism Fundamental Analysis
Optimism Live Price Chart
Optimism Technical Indicator
What Is Optimism (OP) ?
Optimism (OP) is a layer-two blockchain on top of Ethereum. Optimism benefits from the safety of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. which means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum.
Optimism is one in every of the largest scaling solutions for Ethereum with over $300 million in TVL. it’s home to 35 protocols, the most important being Synthetix (SNX), a derivatives exchange, Uniswap (UNI), a DEX, and Velodrome (VELO), an AMM. Users can begin their journey on Optimism by adding the chain on their Metamask and bridging tokens like ETH to the L2. On May 31, 2022, Optimism conducted a highly anticipated airdrop of its OP token.
Who Are the Founders of Optimism?
Optimism is led by the Optimism Foundation, a nonprofit organization dedicated to growing the Optimism ecosystem. the same as Ethereum, Optimism aims to become a completely decentralized public good that’s not profit-oriented. Optimism is totally funded by donations and grants, and pledges to provide infrastructure that promotes the expansion and sustainability of public goods. In its roadmap, Optimism aims to possess L1 governed fault proofs ready by 2024.
Optimism Price Prediction for 2022
As for Optimism price predictions for the remainder of 2022, there are divergent opinions. PricePrediction.net expects a downturn towards $1.32, and WalletInvestor echoes with ~$0.156 by the year’s end. Other experts, as an example, from TradingBeast, are more passionate about Optimism’s future price, citing upwards of $1.95387 in December.
Optimism Price Prediction for 2023
As per the technical analysis of Optimism, we are able to say that within the next year 2023 the estimated average price of Optimism can even reach up to $2.45 USD. This coin will have its maximum price of $2.81 USD and therefore the minimum price may reach to the extent of $2.36 USD.
Optimism Price Prediction for 2024
Optimism price predictions for 2024 are still predominantly positive, with some analysts promising prices within the $2.81–$3.42357 range (PricePrediction.net, TradingBeast), while WalletInvestor takes a special view and cites the likelihood of the worth reaching $0.03023 in December 2024.
Optimism Price Prediction for 2025
According to the crypto experts, 2025 will have to see Optimism’s average market price of $5.32 USD, with a minimum of its price of $5.17 USD. And the maximum prices can reach up to $6.05 USD.
Optimism Price Prediction for 2026
According to the crypto experts, market price of Optimism for the prediction of the year 2026, then it is estimated that the prices may reach up to $7.36 USD. There will be a maximum market price of $8.96 USD. And the minimum market rate can also be around $7.15 USD.
Technical analysis shows that short-term sentiment on OP is bearish, with 6 indicators displaying bullish signals compared to 12 bearish signals at the time of writing.
An RSI reading of 30 or below indicates an oversold or undervalued condition, while a reading above 70 would suggest the asset is becoming overvalued or overbought.
Frequently Asked Questions
1. How Many Are Optimism There ?
On 20 July 2022, there was a self-reported circulating supply of 214,748,364 OP out of a total supply of 4,294,967,296.
2. Will Optimism Go Up ?
Cryptocurrencies can be highly volatile and prices can go down just as easily as they can rise. Also, you should remember that analysts and algorithm-based forecasters can and do get their predictions wrong. Keep in mind that past performance is no guarantee of future returns. Always do your own research. And never invest what you cannot afford to lose.
3. Should I Invest In Optimism ?
This is a question that you will have to answer for yourself. Before you do so, however, you will need to conduct your own research and never invest more money than you can afford to lose because prices can go down as well as up.
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Disclaimer : All price prediction provided on our website is only for general information. No part of the website content that we provide any financial advice, legal advice or any other form of advice Of investment. You should conduct your own research before investing.