Know Optimism Price Prediction Till 2026, Is Optimism (OP) worth Investing?
In this post, we will be discussing “Optimism price prediction till 2026” and which are the factors that influence its price.
What Is Optimism (OP)?
Optimism (OP) is a layer-two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum.
Optimism is one of the biggest scaling solutions for Ethereum with over $300 million in TVL. It is home to 35 protocols, the biggest being Synthetix (SNX), a derivatives exchange, Uniswap (UNI), a DEX, and Velodrome (VELO), an AMM.
Users can begin their journey on Optimism by adding the chain on their Metamask and bridging tokens like ETH to the L2.
On May 31, 2022, Optimism conducted a highly anticipated airdrop of its OP token. The airdrop was so popular that it briefly slowed down the Optimism blockchain.
What Makes Optimism Unique?
Optimism is designed around four core tenets:
Optimism Price Prediction Data
The live Optimism price today is $1.48 USD with a 24-hour trading volume of $166,014,090 USD. The current CoinMarketCap ranking is #109 (17 August 2022), with a live market cap of $346,600,890 USD. It has a circulating supply of 234,748,364 OP coins and the max. supply is not available.
If you would like to know where to buy Optimism at the current rate, the top cryptocurrency exchanges for trading in Optimism stock are currently Binance, Huobi, OKX, Kucoin, and Coinbase
The OP price history for Optimism Price Prediction
Now, let’s take a look at the OP price history. While we do have to remind you that past performance is never any indicator of future results, knowing what the token has done in the short time that it has been available to trade can help us with the context if we want to either interpret an Optimism price prediction or else make one of our own.
When OP first came onto the open market, via the first airdrop on 31 May 2022, it was worth $4.57, according to CoinMarketCap. It seems like that particular price was rather optimistic, as the market almost immediately decided it was overvalued and sent it down to a low of $0.7973 before closing the day at $1.44.
While the initial price still stands at Optimism’s all-time high, there have been some moves in the OP token price.
In June, the market was still reeling from the de-pegging of the UST stablecoin and the collapse of the associated LUNA cryptocurrency. This was swiftly followed by the Celsius crypto lending platform freezing withdrawals, which only served to confirm the bear market. All this was bad news for the newly-minted Optimism, and it fell to its all-time low of $0.4005 on 18 June, less than a tenth of what it had been priced at when it launched.
There was some better news after that with the token making a slow comeback to finish the month at $0.5434. In July, the news was initially poor, with the token dropping further to a low of $0.4147 on 13 July.
Since then, OP has been able to capitalize on a crypto market that is giving some kind of hope by going through a recovery. Towards the end of July, the price skyrocketed, going from $0.82 on 26 July to a closing value of $1.45 on 28 July, making for an increase of 27.75%.
With Ethereum 2.0 expected to release in September 2022, investors began depositing large numbers of up to 40,000 ETH into the Optimism smart contract. This also led to a rise in trading, which saw the OP price continue to climb towards the end of July and early August. As of 11 August, it stood at 1.68.
Whether or not Optimism will be able to maintain its price after the Ethereum upgrade remains to be seen.
Optimism Price Prediction
Using deep artificial intelligence, we’re able to create Predicted Optimism posts (OP forecasts) through a combination of previous price information, market capital, inflation, and so on. We collect and assemble as much data as possible on Optimism, and assemble our forecasts based on past data and certain technical and mathematical parameters.
Optimism Price Prediction 2022
Based on our analysis of historical data on the price of OP, the price of Optimism is estimated to reach not less than 98 cents in 2022. It would reach a maximum of $2.18 with the average price being $2.05.
Optimism Price Prediction 2023
The predicted available minimum price for Optimism is anticipated to reach at least $2.78 in 2023. The initiating price of Optimism is conjectured to approach a minimum of $3.38 during the expected calendar year.
Optimism Price Prediction 2024
Based on the forecast price and technical analysis, The price of Optimism is projected to reach at a minimum level of $4.21 in 2024. The OP price is expected to climb a minimum of $4.84 and a maximum of $4.32, with an average trading price of $4.32.
Optimism Price Prediction 2025
The price of at least one Optimism must be expected to reach at least 6.31 in 2025. It was always reaching a maximum of 7.26 with an average price tag of around 6.52 until 2025.
Optimism Price Prediction 2026
The figure is expected to reach a minimum possible level of $8.88 by the end of 2026. Based on our research, the average forecast price is predicted to be $9.21.
Conclusion: Optimism price prediction
As you may have already figured out, OP only sells on the open market for a short time. We do not know the level of its natural rarity; newer cryptos are even more volatile than the established ones.
Contrary to sentiment, optimism should get some credit for writing its whitepaper in a comprehensible, transparent, and plain language style. Nevertheless, while Layer-2 scaling solutions are not something crypto beginners can deal with readily, it’s clear that there are quite a few of those solutions. It’s hard to discern what Optimism has which will make it stand out from the crowd.
Thanks to the upcoming Ethereum upgrade, Layer-2 scaling solutions such as Optimism might find themselves less useful.
Finally, when forecasting Optimism price prediction, it’s worth considering its volatile nature. It’s a hard thing to say what a flash coin’s price will be in a few hours, much less give long-term estimates. As a result, automated and algorithmic forecasts can get their predictions wrong.
NOTE: If you are considering investing in cryptocurrency tokens, we recommend you do your homework before making a purchase. Read the latest news, current market trends, medical and fundamental analysis, and expert opinions before making an investment. Remember that past success does not indicate future success. And never trade with funds you cannot afford to lose.