The post Optimism Price Prediction 2024, 2025, 2030: Will The Bullrun Help OP Price Achieve $5? appeared first on Coinpedia Fintech News
Story Highlights
The live price of Optimism is .
Optimism price could go as high as $5.80 by the end of 2024.
With a potential surge, the OP price could reach a maximum of $30.25 by 2030.
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.
Table of contents
Story HighlightsOverviewOP Price Prediction June 2024Optimism Price Prediction 2024OP Price Prediction 2024 – 2030Optimism Price Prediction 2025OP Price Prediction 2026Optimism Price Prediction 2027Optimism (OP) Price Prediction 2028OP Price Prediction 2029Optimism Price Prediction 2030Market AnalysisCoinPedia’s Optimism Price PredictionFundamental AnalysisWhat Is Optimism?FAQs
Overview
CryptocurrencyTokenPrice Market capCirculating SupplyTrading Volume All-time high $4.57 on 31st May 2022 All-time low $0.4005 on 19th June 202224 High24 Low
*The statistics are from press time.
OP Price Prediction June 2024
The Optimism Coin has formed a symmetric triangle pattern in the 1D time frame and continues to trade within it. Moreover, the altcoin is hovering close to its support trendline and is on the verge of testing it, the outcome of which is unpredictable.
The Cross EMA 50/200-days records a neutral trend, indicating uncertainty in the future price action of this altcoin.
TradingView: OP/USDT
The Relative Strength Index (RSI) continues to hover close to its mid-point indicating a weak buying and selling pressure for the altcoin in the crypto market. However, the indicator displays a bullish curve, indicating a high possibility of a bullish reversal in the coming time.
If the bulls regain momentum, the OP crypto price will prepare to test its resistance trendline of the symmetric triangle pattern. Conversely, if the bears overpower the bulls, Optimism Crypto will break down its support trendline and prepare to test its crucial support level of $2.
Optimism Price Prediction 2024
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 $4.35.
OP Price Prediction 2024 – 2030
Price PredictionPotential Low ($)Average Price ($)Potential High ($)20241.903.855.8020254.637.9211.2120268.7212.1715.633202713.4416.3519.26202817.9320.6325.33202920.4723.7427.01203025.8828.0630.25
Optimism Price Prediction 2025
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.
OP Price Prediction 2026
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.
Optimism Price Prediction 2027
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.
Optimism (OP) Price Prediction 2028
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.
OP Price Prediction 2029
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.
Optimism Price Prediction 2030
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.
Market Analysis
Firm Name202420252030Wallet Investor$1.935$2.110–priceprediction.net$2.59$3.80$25.32DigitalCoinPrice$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.
CoinPedia’s Optimism Price Prediction
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.
Fundamental Analysis
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 –
Simplicity – Wherever practical, it makes use of tested Ethereum programs and infrastructure. To deal closely with pre-existing source code and maintain the simplest and easiest code.
Pragmatism – With an emphasis on realism and inspired by the requirements and limitations of its crew and the people interacting with the system, Optimism strives to develop products iteratively.
Sustainability – To expand the system, it makes use of optimistic rollups and the Ethereum consensus engine. So, the principle of long-term sustainability serves as the foundation for Optimism’s design approach.
What Is 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!
FAQs
The protocol has a strong team supporting it and several cutting-edge technological traits. This 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 $2.497.