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 2023, and the years to come.

Overview

Cryptocurrency	Optimism
Token	OP
Price	$ 2.17044179 -1.23%
Market cap	$ 1,977,912,641.2808
Circulating Supply	911,294,948.0000
Trading Volume	$ 216,373,895.6404
All-time high	$4.57 on 31st May 2022
All-time low	$0.4005 on 19th June 2022
24 High	$ 2.1940
24 Low	$ 2.0850

*The statistics are from press time. 

The month of November had started on a neutral note as the price has constantly been trading in a consolidated range, indicating a bear power in the market. Following that, the price gained momentum and managed to stabilize its price.

The coin displayed constant price fluctuations during the month. After the market pump, the price accumulated massive momentum and broke out of multiple resistance levels. The price then traded sideways for over a week, indicating a decline in the price action for the coin.

Recently, the bulls regained momentum and displayed a jump of over 22% in value, resulting in the price breaking out of its key resistance level at $1.904. The rally was short-lived as the price faced rejection at $2.254. Since then the price has experienced a correction of 3% in value.

The Moving Average Convergence Divergence (MACD) displays a rising green histogram in its chart, indicating a strong buying and selling power. Further, the chart displays a rising average, suggesting the price will continue gaining value in the coming days.

If the bulls manage to gain power, a trend reversal occurs and the coin manages to break out of the resistance level of $2.178 then a bullish momentum will ignite resulting in the coin gaining value. Conversely, if the bears continue to dominate the market then the price will continue to lose its value and will plunge to new lows.

That being said, a sound community might create a great FOMO for the coin shooting up its price to $2.41. In contrast, the cryptocurrency’s cost can drop as low as $1.07. Following that, a trade activity balance could determine the final price to be $1.74.

Optimism Price Forecast 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 $3.25.

On the other hand, conditions like a protracted bear run might cause the cost to fall to $2.27. Consequently, the standard price of OP might be $2.76.

Optimism Price Prediction 2023 – 2030

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 $4.16 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 $3.01. In light of the pessimistic and bearish forecasts, the average price may ultimately reach $3.58.

Optimism Price Prediction 2026

According to our analysts, OP coin price prediction for the year 2026 could range between $3.98 to $6.02 and the average price of Optimism could be around $5.00.

Optimism Price Prediction 2027

According to our analysts, Optimism price for the year 2027 could range between $5.12 to $7.11, and the average price of OP could be around $6.11.

Optimism Price Prediction 2028

According to our analysts, OP crypto prediction for the year 2028 could range between $6.09 to $7.89, and the average Optimism coin price could be around $6.99.

Optimism Price Prediction 2029

According to our analysts, Optimism’s forecast for the year 2029 could range between $7.14 to $8.63, and the average OP coin price could be around $7.87.

Optimism Price Prediction 2030

According to our analysts, OP predictions for the year 2030 could range between $7.99 to $9.88. The average Optimism price could be around $8.93.

Market Analysis

*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 $2.41 by the end of 2023.

On the flip side, if the bears take over the market the value can bounce to fall at $1.07 with an average trading price of $1.74.

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!

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