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- 1 Optimism price prediction showcases that the price may surpass the level of $10 by 2026.
- 2 The OP crypto price gained 0.21% in the past 24 hours and currently trades at $2.13.
- 3 The daily OP/USD chart shows a short-term accumulation followed by a breakout.
Optimism is a layer-two solution for Ethereum that uses optimistic rollups to achieve scalability and security. Optimistic rollups allow transactions to be recorded on a second-layer blockchain and verified by external validators on the first-layer blockchain.
This process introduces a delay for withdrawals from the second layer to the first layer, which is currently seven days. Optimism is based on Ethereum code and infrastructure. It aims to be simple, pragmatic, and sustainable.
It also plans to implement features like EVM equivalence over time. Optimism’s design ensures a fast and smooth user experience while leveraging the Ethereum consensus mechanism for security.
Optimism crypto price currently trades at the $2.13 level with an intraday gain of 0.21%. The trend analysis shows that a bullish trend prevailed in the past 2 months, which took the price from a low of $1.17 to a high of $2.13.
The technical indicators imply a bullish outlook above the key EMAs of 50-day and 200-day EMAs. Moreover, a bullish cross of the 50-day and 200-day EMAs is visible on the charts, which indicates a trend shift towards the positive side.
The RSI indicator shows the price has entered an overbought zone, indicating a short-term correction before resuming further.
Optimism Price Prediction 2023
The volume analysis elaborates that it has a 24-hour trading volume of $384.08 Million with a drop of 45.01% as compared to the last day. This coin’s live market cap is $1.94 Billion and it ranks 39th among the top cryptos. The volume-to-market cap ratio is 19.23%, indicating mild volatility in the market.
According to the optimistic view of the analysts, the price of the Optimism coin can reach up to $2.72 by the end of the year. The pessimistic view of analysts predicts that it could fall to $1.683.
Optimism Price Prediction 2024
As per the analysts, the most optimistic target that the OP coin price may achieve is $4.981, indicating an upside potential of 133.75% from the current market price (CMP). The average analyst price target is $3.304 by the end of 2024. However, the pessimistic view of analysts estimated the price to reach $2.448.
Optimism Price Prediction 2025
The most optimistic analyst forecast for the Optimism token expects the price to reach a high of $7.436 with a potential gain of 243.61% from the CMP. The minimum forecasted price by the end of 2025 is $4.754.
Optimism Price Prediction 2026
The OP Crypto price may reach a high of $10.196 if a positive trend prevails in the crypto market. On the flip side, the most pessimistic view of the analysts expects the price to reach $7.225 by 2026.
Optimism Price Prediction 2027
According to the analysts’ price prediction for the year 2027, the most optimistic view of analysts estimates a price target of $13.341. The minimum price that Optimism may reach by 2027 is $9.982.
Optimism Price Prediction 2028
On an optimistic note, the OP token price may advance to a high of $18.45 in the next five years. The minimum price target that this token may achieve is $13.73.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Joseph Alalade is an expert Web3, crypto, and blockchain content writer and journalist. His persevering dedication to learning and understanding these complex subjects has equipped him with the ability to simplify them for any audience. Joseph’s expertise and passion for the industry make him a valuable asset for organizations seeking informative and engaging crypto-related content that drives results.
