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Optimism

OP

Rank #32
$ 3.72
-1.9%
24H Low$3.58
24H High$3.8
24H Volume
305.36M
All-Time High(ATH)
$4.23
All-Time Low(ATL)
$0.4022
Market Cap
3.55B
Fully Diluted Valuation
15.94B
Market Cap/FDV
0.2229
Circulating Supply
957.38M OP
Total Supply
4.29B OP
Max Supply
4.29B OP
Market Sentiment
--
* Data from 3rd parties

Optimism (OP) Price Trends

Time period
Change amount
% Change
1H
$ -0.01113
-0.30%
24H
$ -0.07074
-1.9%
7D
$ -0.1380
-3.71%
14D
$ 0.3908
10.5%
30D
$ 0.9638
25.91%
1Y
$ 1.96
52.7%

Live Optimism (OP) Price Update

Optimism price today is $3.72 with a 24-hour trading volume of 305.36M, and as such Optimism has a market cap of 3.55B, giving it a market dominance of 0.15%. The Optimism price moved -1.9% in the last 24 hours.

Optimism reached its highest price on 2024-01-12 when it was trading at its all-time high of $4.23, while its lowest price was recorded on 2022-06-18 when it was trading at its all-time low of $0.4022. The current lowest price since the last cycle high was $0.4022, and the highest price since the last cycle low was $4.23. The social sentiment of Optimism is currently Positive.

The current circulating supply of Optimism is 957.38M OP. In terms of market cap, Optimism is currently ranked 32.

About Optimism (OP)

Optimization is a low-cost, lightning bolt Ethereum secondary blockchain. The optimization ecosystem is an overview of applications and integrations in the optimization ecosystem. Optimization addresses the actual needs of developers and users. The optimization foundation is a non-profit organization dedicated to the development of optimization collective. OP is its native governance token, which is mainly used for governance protocols.

FAQs

1. What determines the price movement 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.
Investors 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.

Optimism (OP) News

Optimism (OP) Announcements

Date
Market Cap
Volume
Open
Close
2024-02-28
$245.25M$3.54B$3.7N/A
2024-02-27
$229.37M$3.66B$3.83$3.7
2024-02-26
$182.08M$3.69B$3.86$3.83
2024-02-25
$162.52M$3.5B$3.67$3.86
2024-02-24
$197.3M$3.37B$3.52$3.67
2024-02-23
$264.77M$3.48B$3.64$3.52
2024-02-22
$346.66M$3.61B$3.77$3.64