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    OP
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    1 OP = 1.66 USD
    Last updated 2024-11-09 23:03:51(UTC-0)
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    Optimism price live data summary

    The live price of Optimism is $1.66 per (OP / USD) today with a current market cap of -- USD. The 24-hour trading volume is $0.00 USD. OP to USD price is updated in real time. Optimism is 3.56% in the last 24 hours. It has a circulating supply of -- .

    What is the highest price of OP?

    OP has an all-time high (ATH) of $4.86, recorded on .

    What is the lowest price of OP?

    OP has an all-time low (ATL) of $0.3974, recorded on .
    Calculate Optimism profit

    Optimism price prediction

    When is a good time to buy OP? Should I buy or sell OP now?

    When deciding whether to buy or sell OP, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget OP technical analysis can provide you with a reference for trading.
    According to the OP 4h technical analysis, the trading signal is Strong buy.
    According to the OP 1d technical analysis, the trading signal is Buy.
    According to the OP 1w technical analysis, the trading signal is Neutral.

    What will the price of OP be in 2025?

    Based on OP's historical price performance prediction model, the price of OP is projected to reach $2.45 in 2025.

    What will the price of OP be in 2030?

    In 2030, the OP price is expected to change by -20.00%. By the end of 2030, the OP price is projected to reach $2.44, with a cumulative ROI of +49.42%.

    Optimism ratings

    Average ratings from the community
    4.6
    102 ratings
    This content is for informational purposes only.

    About Optimism (OP)

    What is Optimism?

    Optimism is a layer 2 scaling solution for Ethereum that aims to increase the throughput of the network while maintaining a high level of security. Utilizing a technology known as Optimistic Rollup, it allows for faster and cheaper transactions compared to the Ethereum mainnet. In essence, Optimism acts as a second layer that sits on top of the Ethereum blockchain, processing transactions and smart contracts more efficiently. This has made it a popular choice for decentralized applications (dApps) looking to provide their users with a smoother and more cost-effective experience.

    Launched in 2022, the goal of Optimism is to make the Ethereum network more scalable and usable, addressing issues like high gas fees and slow transaction speeds that have been barriers to mainstream adoption. By bundling multiple transactions together and submitting them as a single unit to the Ethereum mainnet, Optimism can substantially reduce the cost per transaction and make the overall network more efficient.

    Resources

    Official Documents: https://community.optimism.io/

    Official Website: https://www.optimism.io/

    How Does Optimism Work?

    Optimism uses a technology called Optimistic Rollup to improve scalability. Here's how it works: instead of each transaction being processed individually on the Ethereum mainnet, multiple transactions are grouped together in a rollup and processed as a batch. This reduces the amount of computational work required, thereby decreasing transaction fees and increasing speed.

    The name "optimistic" comes from the underlying assumption that all transactions, when bundled together and sent to the main Ethereum layer (Layer 1), are presumed to be valid unless proven otherwise. Validators on this Layer 1 have the ability to challenge any transaction that seems suspicious. If a challenged transaction turns out to be invalid, the gas fees incurred for running the fraud-proof process are reimbursed. Additionally, any Layer 2 nodes involved in executing the fraudulent transaction face penalties. This setup allows Optimism to maintain robust security while optimizing for speed and efficiency.

    What is Optimism Token (OP)?

    The OP token is the native cryptocurrency of the Optimism network. It serves multiple functions, including governance, staking, and incentivizing various activities within the ecosystem. Holders of the OP token can participate in governance decisions, such as protocol upgrades or changes to network parameters. The token also plays a role in securing the network; validators are required to stake OP tokens as collateral, ensuring that they have a vested interest in properly executing transactions.

    Which Factors Affect Optimism Token (OP) Price?

    Several factors can influence the price of the OP token:

    - Demand for Layer 2 Solutions: As Ethereum struggles with scalability issues, the demand for layer 2 solutions like Optimism could drive up the value of the OP token.

    - Adoption Rates: If more dApps and projects choose to build on Optimism, it could result in increased demand for the OP token.

    - Network Security: The perceived security and reliability of the Optimism network can influence investor confidence, affecting the token price.

    - Regulatory Environment: Regulatory decisions affecting Ethereum or layer 2 solutions can impact the OP token's value.

    - Community and Developer Support: A strong, active community and developer ecosystem can contribute to the token's stability and growth.

    - Market Sentiment: Like any other asset, the price of the OP token can be influenced by overall market sentiment, including news, social media discourse, and other intangible factors.

    Optimism’s Impact on Finance

    The influence of Optimism on the financial landscape, especially within the decentralized finance (DeFi) arena, is substantial. By facilitating faster and more cost-effective transactions, Optimism makes it easier for everyday users to interact with DeFi platforms. This is a key factor that could catalyze mainstream adoption, not just for the Ethereum network but for blockchain technology in general.

    Optimism acts as a critical backbone for financial applications needing fast, reliable transactions—this includes exchanges, payment gateways, and lending platforms. By effectively addressing scalability challenges, Optimism unlocks new possibilities for innovation in the financial sector. It removes barriers that have previously restricted growth and widespread adoption, paving the way for a more inclusive and efficient financial ecosystem.

    Conclusion

    In conclusion, Optimism presents a promising solution for scaling the Ethereum network, facilitating more efficient transactions and smart contracts. Its impact on the financial world, especially the burgeoning field of DeFi, could be transformative, enabling a more inclusive and efficient financial ecosystem.

    Related Articles about Optimism

    Introduction to Optimism (OP)

    What is Optimism and What’s in Its Ecosystem?

    Zk-rollup vs. Optimistic Rollup: Explained

    Optimism price performance in USD

    24h7 days30 days90 days1 yearAll-time
    +3.56%+19.38%+0.36%+15.05%+0.08%+65.80%

    Optimism price history in USD

    The price of Optimism is +0.08% over the last year. The highest price of OP in USD in the last year was $4.86 and the lowest price of OP in USD in the last year was $1.06.
    TimeLowHigh
    24h$1.56$1.66
    7d$1.3$1.7
    30d$1.3$1.7
    90d$1.27$1.94
    1y$1.06$4.86
    All-time$0.3974(--, Today )$4.86(--, Today )

    Optimism market information

    Market cap
    --
    +3.56%
    Fully diluted market cap
    --
    +3.56%
    Volume (24h)
    --
    --
    Market rankings
    Circulation rate
    0.00%
    24h volume / market cap
    0
    Circulating supply
    -- OP
    Total supply / Max supply
    -- OP
    -- OP
    ICO price
    $0.01500 ICO details
    Buy Optimism now

    Optimism Social Data

    In the last 24 hours, the social media sentiment score for Optimism was 3.2, and the social media sentiment towards Optimism price trend was Bullish. The overall Optimism social media score was 666,326, which ranks 53 among all cryptocurrencies.

    According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Optimism being mentioned with a frequency ratio of 0.05%, ranking 61 among all cryptocurrencies.

    In the last 24 hours, there were a total of 381 unique users discussing Optimism, with a total of Optimism mentions of 505. However, compared to the previous 24-hour period, the number of unique users increase by 152%, and the total number of mentions has increase by 41%.

    On Twitter, there were a total of 12 tweets mentioning Optimism in the last 24 hours. Among them, 42% are bullish on Optimism, 25% are bearish on Optimism, and 33% are neutral on Optimism.

    On Reddit, there were 10 posts mentioning Optimism in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% .

    All social overview

    Average sentiment (24h)
    3.2
    Social media score (24h)
    666.33K(#53)
    Social contributors (24h)
    381
    +152%
    Social media mentions (24h)
    505(#61)
    +41%
    Social media dominance (24h)
    0.05%
    X
    X posts (24h)
    12
    +500%
    X sentiment (24h)
    Bullish
    42%
    Neutral
    33%
    Bearish
    25%
    Reddit
    Reddit score (24h)
    18
    Reddit posts (24h)
    10
    0%
    Reddit comments (24h)
    0
    0%

    How to buy Optimism(OP)

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    Buy Optimism (OP)

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    Use a variety of payment options to buy Optimism on Bitget. We'll show you how.

    Trade OP perpetual futures

    After having successfully signed up on Bitget and purchased USDT or OP tokens, you can start trading derivatives, including OP futures and margin trading to increase your income.

    The current price of OP is $1.66, with a 24h price change of +3.56%. Traders can profit by either going long or short onOP futures.

    Join OP copy trading by following elite traders.

    After signing up on Bitget and successfully buying USDT or OP tokens, you can also start copy trading by following elite traders.

    FAQ

    Is Optimism a good investment?

    As Ethereum grapples with persistent challenges like network congestion and exorbitant gas fees, Layer-2 solutions such as Optimism are fast becoming the go-to for projects that prioritize scalability and cost-efficiency. This foundational strength bodes well for the sustained growth of Optimism's price and market cap, positioning OP as a potent investment contender. Additionally, the increasing global shift towards Web 3.0 dApps powered by blockchain, Optimism's ecosystem stands to see a surge in demand, propelling both its market cap and token price. The confluence of these factors makes the OP token a tantalizing addition for forward-thinking crypto portfolios.

    What can Optimism OP token be used for?

    The OP token, native to the Optimism platform, is multifunctional, serving as: Governance Powerhouse: OP token holders wield the power to vote on pivotal proposals aimed at refining the Optimism platform. This decentralized approach ensures that Optimism evolves through community consensus. Additionally, OP token enthusiasts have the flexibility to delegate their voting strength to trusted network participants. Cryptocurrency Asset for Trade and Investment: Rooted in one of Ethereum's premier Layer-2 scaling solutions, OP stands apart from fledgling cryptocurrencies with uncertain futures. Whether you're looking to trade OP against diverse cryptocurrencies, fiat pairs, or secure it as a long-term investment, it’s essential to monitor the Optimism token's live price, market valuation, and trading volumes. Thoroughly analyze OP's price trends using a blend of fundamental, technical, and sentiment metrics.

    Does Optimism use ETH or OP for gas?

    Optimism uses ETH to pay for gas fees just as Ethereum's Mainnet does. After funding your Optimism address with ETH, you can later you can withdraw your funds from the L2 back to Ethereum's L1 Mainnet Layer. This process of moving funds back and forth between L1 and L2 layers is known as bridging.

    How are fees paid on Optimism?

    It's automatically subtracted from the user's ETH reserve on the OP Mainnet. The deduction is determined by the gas cost for L1 operations (at the time the transaction took place).

    How do I claim ETH from Optimism?

    You can withdraw assets back to Ethereum Layer 1 through the Optimism Gateway which is supported by the Optimism app. Open the Optimism Gateway. Click Connect and select your wallet. Select the Withdraw tab. ... Select the token you would like to withdraw. ... Enter the amount of tokens you wish to withdraw from L2 to L1. Click the Withdraw button.

    Can OP reach $100 dollars?

    While it can be difficult to predict price accurately, in order for OP to reach $100, optimism will have to increase by 77 times. At $100, the market cap of $OP will be around $23.1 billion. If Optimism were to increase by 25% annually, it would take 20 years to reach $100

    What is the current price of Optimism?

    The live price of Optimism is $1.66 per (OP/USD) with a current market cap of -- USD. Optimism's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Optimism's current price in real-time and its historical data is available on Bitget.

    What is the 24 hour trading volume of Optimism?

    Over the last 24 hours, the trading volume of Optimism is --.

    What is the all-time high of Optimism?

    The all-time high of Optimism is $4.86. This all-time high is highest price for Optimism since it was launched.

    Can I buy Optimism on Bitget?

    Yes, Optimism is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Optimism guide.

    Can I get a steady income from investing in Optimism?

    Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

    Where can I buy Optimism with the lowest fee?

    We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

    Where can I buy Optimism (OP)?

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    Cryptocurrency investments, including buying Optimism online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Optimism, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Optimism purchase. This page and any information included are not an endorsement of any particular cryptocurrency. Any price and other information on this page is collected from the public internet and can not be consider as an offer from Bitget.

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    insight413/500
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    Total profit $3,892,720.81
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    41.44%
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    Total profit $0.00
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