Optimism

OP

USD

$1.51607 ≈ $ 1.51607

+￥5204,24 -7% 1D

1D 1M 1Y ALL

Updated: 2023-05-30

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Market Cap (USD)	509.44M
24H Volume	102.59M
Circulating Supply	335.38M OP
Maximum supply	4.29B OP
All Time High	3.22
Rank	90

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About Optimism (OP)

The trading volume of Optimism (OP) is $60,384,771.87 in the last 24 hours, representing a -18.80% decrease from one day ago and signalling a recent fall in market activity. The highest price paid for Optimism (OP) is $3.22 , which was recorded on Feb 24, 2023 (3 months). Comparatively, the current price is -50.90% lower than the all-time high price. The lowest price paid for Optimism (OP) is $0.402159 , which was recorded on Jun 18, 2022 (11 months). Comparatively, the current price is 293.60% higher than the all-time low price. Market capitalization of Optimism (OP) is $528,012,135 and is ranked #85 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of OP tokens (340 Million tokens are tradable on the market today). The fully diluted valuation (FDV) of Optimism (OP) is $6,761,939,456 . This is a statistical representation of the maximum market cap, assuming the maximum number of 4.3 Billion OP tokens are in circulation today. Depending on how the emission schedule of OP tokens are designed, it might take multiple years before FDV is realized. The community is bullish as more than 66% of users are feeling good about Optimism (OP) today. Optimism is a Layer 2 solution for Ethereum that's been making waves. Read our guide to know all there is to know about Optimism and its competitors.

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Optimism Market

Currency	Price	24h Change	Action
OP /USDT 3X Margin	$1.51607	-7%	Trade
OP /USDT Perpetual	$1.514	-6.51%	Trade
OP /USDT Spot	$1.51607	-7%	Trade

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Optimism FAQs

1. What determines the price of Optimism?

There are two schools of thought in determining the price of Optimism.

By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Optimism, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Optimism from a long term perspective.

By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Optimism on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Optimism as well.

HODLers tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Optimism and the cryptocurrency market as a whole.
2. What is the highest price of Optimism in history?

Optimism achieved the all-time high of $3.22 in 2023-02-24, and is currently trading at $1.52.
3. What is the lowest price of Optimism in history?

In 2022-06-18, Optimism reached the all-time low of $0.40.
4. Should I buy Optimism now?

It is important to remember that Optimism, like all other cryptocurrencies, are subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, cryptocurrencies fluctuate greatly and it is important to manage your own risk level. Users are advised to do your own research when making investment decisions in the crypto market.