The speed of transactions is among the key concerns with cryptocurrencies. In the end, this vulnerability is one of the main issues with the Ethereum network. Although Ethereum has many advantages, its alleged slowness and the subsequent rise in “gas” pricing are its drawbacks.
One of the Layer-2 scaling alternatives to the speed issue that exists is Optimism. The basic tenets of Optimism are that it needs to be fast, endure for a very long period, be simple to deal with, and productively accomplish its objectives.
Are you someone looking for projects that offer storming speeds while offering nominal gas fees, then Optimism can be the one! Look no further as we unlock the most detailed OP price prediction for 2024, and the years to come.
| Cryptocurrency | Optimism |
| Token | OP |
| Price | $ 2.32445362 |
| Market cap | $ 2,429,937,011.1831 |
| Circulating Supply | 1,045,379,867.0000 |
| Trading Volume | $ 254,063,308.6171 |
| All-time high | $4.57 on 31st May 2022 |
| All-time low | $0.4005 on 19th June 2022 |
| 24 High | $ 2.6800 |
| 24 Low | $ 2.5460 |
*The statistics are from press time.
The Optimism price has displayed a strong bullish reversal in the chart by recording a jump of 8.28% within the past day. However, the altcoin has recorded a correction of 28.32% within the past 30 days and its Year-to-Date (YTD) stands at -31.82% in valuation.
On the other hand, the Cross EMA 50/200-day shows a high possibility of a Death Cross in the 1D time frame, suggesting a mixed sentiment in the crypto space as its technical indicator shows a bullish sentiment.
The MACD displays a constant green histogram in the chart, indicating a strong bullish influence in the crypto market. Further, the averages show a bullish rise, suggesting the price will continue gaining value in the coming time.
If the market holds the price above the support level of $2.525, the bulls will regain momentum and prepare to test its upper limit of $3.155. Conversely, if a trend reversal occurs, the price will lose momentum and fall to test its lower support level of $1.575 this month.
The ecosystem places an even greater emphasis on pragmatism. And is guided by the demands and limitations faced in the actual world by its crew and the consumers who interact with the ecosystem. As a result, Optimism intends to incorporate features like EVM equivalence progressively and grow continually. This could peak its price at $6.80.
On the other hand, conditions like a protracted bear run might cause the cost to fall to $1.90. Consequently, the standard price of OP might be $4.35.
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2024 | 1.90 | 3.85 | 5.80 |
| 2025 | 4.63 | 7.92 | 11.21 |
| 2026 | 8.72 | 12.17 | 15.633 |
| 2027 | 13.44 | 16.35 | 19.26 |
| 2028 | 17.93 | 20.63 | 25.33 |
| 2029 | 20.47 | 23.74 | 27.01 |
| 2030 | 25.88 | 28.06 | 30.25 |
Optimism’s design approach is created about the picture of long-term sustainability and avoiding going for shortcuts to scalability. This makes the project one of the largest scaling solutions ever developed on the Ethereum mainnet. Keeping with the mission the prevailing factors could skyrocket its price to $11.21 by the end of 2025.
Conversely, if the leading cryptocurrency is attacked by bears, due to criticism from, rivals and worries about regulation. The OP price may close the year’s trade at $4.63. In light of the pessimistic and bearish forecasts, the average price may ultimately reach $7.92.
According to our analysts, OP coin price prediction for the year 2026 could range between $8.72 to $15.63 and the average price of Optimism could be around $12.17.
According to our analysts, the Optimism price for the year 2027 could range between $13.44 to $19.26, and the average price of OP could be around $16.35.
According to our analysts, OP crypto prediction for the year 2028 could range between $17.93 to $23.33, and the average Optimism coin price could be around $20.63.
According to our analysts, Optimism’s forecast for the year 2029 could range between $20.47 to $27.01, and the average OP coin price could be around $23.74.
According to our analysts, OP predictions for the year 2030 could range between $25.88 to $30.25. The average Optimism price could be around $28.06.
| Firm Name | 2024 | 2025 | 2030 |
| Wallet Investor | $1.935 | $2.110 | – |
| priceprediction.net | $2.59 | $3.80 | $25.32 |
| DigitalCoinPrice | $5.44 | $7.45 | $21.90 |
*We have made a table that includes the possible price prediction for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.
If the platform stands to its terms and works effortlessly to provide EVM sustainability to its users its value might shoot up. Taking its strong fundamentals into consideration, OP’s maximum possible price can be $5.80 by the end of 2024.
On the flip side, if the bears take over the market the value can bounce to fall at $1.90 with an average trading price of $3.85.
Optimism (OP) is a layer-two blockchain, on top of Ethereum. The Optimism Foundation is a charity devoted to expanding the Optimism ecosystem. Similar to Eth, Optimism wants to develop into a fully decentralized, non-profit public good.
Moreover, it provides an architecture that fosters the expansion and longevity of public goods and is fully funded by grants and contributions.
Some of the core features of Optimism –
Optimism is a Layer-2 (L2) Ethereum solution focused on simplicity at minimal cost. The open mainnet of Optimism was established in December 2021 after it was first announced in June 2019.
Optimism employs Ethereum’s PoW consensus technique, which could be until Ethereum switches to a proof-of-sake PoS approach in the later part of 2022. With more than $300 million in TVL, Optimism is also one of the most prominent scaling alternatives for Ethereum.
It is home to 35 protocols, the largest of which are Velodrome (VELO) an AMM, Uniswap (UNI) a DEX, and Synthetix (SNX). By connecting the network to their Metamask and spanning coins like ETH to the L2, users can start their quest on the network.
CoinPedia has dedicated a team of expert analysts to cover the possible crypto price prediction and sum it all up in one place, just for you!
The protocol has a strong team supporting it and several cutting-edge technological traits that could make it stand out from rivals. However, being a new project it’s hard to predict its future moves.
Optimism price could reach a maximum of $5.80 by the end of 2024.
The coin has sound fundamentals and it might reach new highs if it brings in newer upgrades and valuable partnerships in the future.
The coin can strike record highs with a maximum of $11.21 by the end of 2025. With a potential surge, OP price could reach a maximum of $30.25 by the end of 2030.
At the time of publishing, the price of one OP was $2.520.
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