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- 1 The Optimism token price slid 7.51% in the past 24 hours and was at $1.97 at the time of writing.
- 2 The daily OP/USD chart experiences a gradual selloff from the upper levels and has slid 20% in the past week.
Optimism is a layer-two solution for Ethereum that aims to achieve scalability, security, and simplicity. It uses optimistic rollups, which are a type of second-layer blockchain that rely on Ethereum for consensus and dispute solutions.
Optimism’s design is guided by four principles: simplicity, pragmatism, sustainability, and optimism. It leverages existing Ethereum code and infrastructure, builds iteratively, based on real-world needs, and expects positive outcomes.
It also has a token economy that rewards its stakeholders: token holders, contributors, builders, users, and community members. It has a fixed initial supply and a low inflation rate.
Optimism Crypto Price Technical Analysis.
The Optimism price daily chart witnesses a gradual selloff that was initiated from the round level of $2.5. The bears are attempting to get into the game and dominate the price trend. The price has lowered by nearly 20% in the past week, indicating the initiation of sell-offs from the upper levels.
Moreover, the price persisted in a bullish trend since mid-October and has surpassed the key EMAs of 50-day and 200-day. Also, the price has made multiple retests of the key EMAs. The EMAs are acting as a support and entry point for the buyers.
The price intends to maintain a positive trend until it hovers above the 200-day EMA. The breakdown below the 200-day EMA may shift the trend in favor of bears.
Optimism Price Prediction 2023
The price prediction for 2023 showcases a neutral to bearish outlook in the short term. The most optimistic price forecast of the analysts expects a price hike of 19.18%. the price could advance to a high of $2.388 by the year-end. However, the pessimistic view of analysts predicts that the price could drop to $1.832.
Optimism Price Prediction 2024
As per our analysts, the most optimistic target that the Optimism token may achieve is $4.716; suggesting an upside potential of 135.95% from the CMP. The average analyst price target to be attained is $3.841 by the end of 2024. However, the pessimistic view of analysts expects the price to reach $3.307.
Optimism Price Prediction 2025
According to the most optimistic analysts’ projections, the OP price could reach up to $7.189 in the next three years as its highest value. The price may surpass $6.21 according to the average forecast of the analysts. The minimum forecasted price by the end of 2025 is $5.389.
Optimism Price Prediction 2026
The price analysis for the year 2026 shows that the OP cryptocurrency may achieve $9.297 as the highest price. The bearish view of the analysts expects the price to reach a low of $7.701 by 2026.
Optimism Price Prediction 2027
The most bullish analysts foresee a potential value of $11.097 by the year 2027. A minimum price target that the OP crypto may achieve by 2027 is $9.968.
Optimism Price Prediction 2028
The price forecast of the Optimism crypto shows that it may reach a high of $14.933 by 2028 if the most optimistic condition prevails. By 2028, the analysts’ lowest forecast for the Optimism is $12.052.
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.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
