Optimism (OP) Price Prediction: Will Optimism Hit $7?

On November 22, the crypto market gained momentum as the price of Bitcoin surged to a new ATH of over $98,000. Most major altcoins are following the same pace and preparing to challenge their respective highs. Amid such a strong bullish sentiment, crypto analysts bring investors’ focus to Optimism price as it witnessed a massive price rally of 20% over the past 24 hours.

Are you considering OP coin price for your investment portfolio but are still determining its prospects? In this article, we will illustrate the possible Optimism price prediction 2024 – 2050.

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Table of Contents

What is Optimism?

What is the OP Token?

Optimism (OP) Price Analysis

Optimism (OP) Price Prediction

Will Optimism Hit $7?

How to Buy the OP Token?

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What is Optimism?

Optimism is a layer-two blockchain solution built atop the Ethereum network, leveraging the security of the Ethereum mainnet while enhancing the scalability of the Ethereum ecosystem through the utilization of optimistic rollups. This innovative approach allows for transactions to be recorded on Optimism in a trustless manner, with the ultimate security guaranteed by Ethereum.

As one of the largest scaling solutions for Ethereum, Optimism boasts a total value locked (TVL) exceeding $500 million and hosts 97 protocols, including notable ones such as Synthetix (SNX), a derivatives exchange, Uniswap (UNI), a decentralized exchange (DEX), and Velodrome (VELO), an automated market maker (AMM). To begin utilizing Optimism, users can simply add the chain to their MetaMask wallet and bridge tokens like ETH to the L2 network.

What is the OP Token?

Cryptocurrency	Optimism
Token	OP
Price	$ 2.1775 -6.80%
Rank	51
Market Cap	$ 2.7B
24H Trading Volume	$ 728.4M
All-time High	$ 4.8532
All-time Low	$ 0.4011
24 High	$ 2.3699
24 Low	$ 2.1603
Cycle High	$ 2.7733 / 2024-12-07 04:16:19
Cycle Low	$ 1.0705 / 2024-08-05 11:40:00
Update Time	2024-12-19 01:42:02

OP is the native governance token of the Optimism network. It plays a crucial role in the direction and operation of the Optimism ecosystem, as OP token holders can participate in key decision-making processes and help shape the future of Optimism.

The primary function of the OP token is to grant holders voting rights on proposals and modifications to the Optimism network.  This mechanism ensures that the community has a say in the development and governance of the platform, allowing OP token holders to contribute to significant decisions pertaining to software upgrades, funding for public goods, and various other facets of the Optimism ecosystem.

OP USDT-margined perpetual futures contracts with a leverage of up to 50x are available on BTCC platform. If you are interested, click the button below to buy OP⇓

Optimism (OP) Price Analysis

Over the past five months, the price of Optimism has exhibited a sideways trend, struggling to break through the $2 barrier. While this consolidation phase may suggest a lack of conviction among buyers, crypto analyst Ali Martinez interprets it as the formation of an ascending triangle pattern.

Since Optimism’s struggle to surpass the $1.57 resistance level seven days ago, the OP token’s bullish momentum has astounded the market. On November 14th,OP was trading at $1.49 and remained fluctuating beneath this resistance level until the afternoon of the subsequent day.

Upon breaking through the $1.57 resistance level, the token sustained its upward trajectory. Nevertheless, Optimism’s most significant breakthrough occurred within the past 12 hours, as it soared to its current trading price.

This surge has placed OP at a significant 17% higher growth rate than its rival coins in the top 100 of most capitalized coins.

On November 22, 2024, the world’s largest cryptocurrency by market capitalization, Bitcoin (BTC), captivates global attention as it inches closer to the highly anticipated milestone of $100,000. Over the past 24 hours, BTC witnessed a remarkable surge in price, exceeding $98,988, fostering an overall bullish sentiment across the crypto market.

Currently, amid such a bull run sentiment, Optimism is trading at $2.03, up 20.5% over the past 24 hours. Notably, this altcoin previously formed similar patterns during its June-October 2023 consolidation and August-December lateral movement in 2022; both instances preceded substantial bull runs.

If historical trends are any indication, the crypto analyst posits that following a breakout rally could propel prices to $7.20—a potential increase of 336%.

As of writing the article, $OP is traded at $ 2.1775, boasting a market cap of $ 2.7B, and witnessing a hefty 24-hour trading volume of $ 728.4M. $OP Token saw a 24-hour price change of -6.80%, with minor fluctuations of -1.44% in the past hour.

The following sets forth OP to USD Chart

Optimism Price

Buy OP⇓

Optimism (OP) Price Prediction

Now that we know what Optimism is and its price history of OP coins, let’s take a look at the experts’ future price predictions for OP coins.

Optimism (OP) Price Prediction 2024

As OP could gain more traction as the broader market potentially enters another growth phase, Optimism is anticipated to undergo steady growth throughout 2024 , thus pushing prices higher.  Besides, as Trump’s victory in the US election has ignited a bullish fervor across the entire cryptocurrency market and Bitcoin inches closer to the highly anticipated milestone of $100,000, Optimism (OP) is expected to benefit from the positive news and see bullish development.

For Optimism (OP) price prediction for 2024, based on current market conditions, the bullish Optimism (OP) price prediction for 2024 is $2.947. If unfavorable sentiment is triggered, the bearish Optimism (OP) price prediction for 2024 is $0.754.

If the market momentum and investors’ sentiment positively elevate, then Optimism (OP) might hit $7. Furthermore, with future upgrades and advancements in the Optimism ecosystem, OP might surpass its current all-time high (ATH) of $4.57 and mark its new ATH.

Here are the possible price changes we expect for Optimism in the next half month:

 Optimism (OP) Price Prediction 2025

In terms of Optimism price prediction for 2025, the maximum price level of  OP token is predicted to be $ 3.2110. Under a bearish circumstance, OP is projected to drop to a lowest level of $ 1.9679, with an average price of $ 2.9772 throughout the year.

Optimism (OP) Price Prediction 2030

Looking forward to long-term price prediction for 2030 on Optimism (OP), OP is predicted to be traded within a range of $ 2.5630 to $ 4.3822 during the year, with an expected average cost of approximately $ 4.1575. These insights provide investors with a roadmap to navigate the dynamic landscape of Optimism’s price fluctuations.

Optimism (OP) Price Prediction 2050

In terms of long-term price prediction for 2050 on Optimism (OP), it is projected that Optimism (OP) would be traded at a minimum price of $ 7.9777. The maximum price could be $ 14.9079, with an average price of $ 13.3732 throughout the year.

There is large uncertainty about the future price of Optimism (OP) token, as the cryptocurrency market changes rapidly. With this in mind, we have made both more bullish and more bearish forecasts for Optimism (OP) crypto based on a variety of different scenarios.

Potential Highs & Lows of Optimism Price

Here are our projected highs and lows for Optimism from 2025 to 2050:

Will Optimism Hit $7?

The impressive performance of Optimism among its rivals has sparked speculation on where the token’s price could head next. The anticipation of a further climb lies in soaring market volume, which has risen by 130.34% to $747.06 million.

This significant rise in trading volume implies growing confidence among institutional and large investors in the asset’s long-term potential.  Such accumulation trends often precede major market reversals and could signal reduced selling pressure.

On the contrary, if the sellers continue defending the overhead resistance despite the U.S. election boost, the Optimism price could prolong consolidation.

Anyway, based on current bull run condition,  it is quite likely that Optimism price could hit $7 post Trump’s election victory.

However, the cryptocurrencies are quite volatile. The current bullish sentiment doesn’t guarantee future outlook. Whether Optimism (OP) is a good investment depends on your risk tolerance and goals. Be sure to conduct your own research before making any investment decisions.

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How to Buy the OP Token?

OP USDT-margined perpetual futures contracts with a leverage of up to 50x are available on BTCC platform. If you are interested in Optimism (OP) and want to buy the token, you can start by signing up for BTCC platform.

The following sets forth the guidance for trading Optimism (OP) futures on cryptocurrency exchange BTCC:

Step One: go to the BTCC homepage and log in to your BTCC account. If you do not have an account, you need to register first.

Step Two: on the BTCC official homepage, choose “Deposite”, and then fund your account with your preferred method (fiat deposit, crypto deposit or convert).

Step Three: go back to the BTCC official homepage, choose “Futures” -“USDT-M Perpetual Futures Contract”, and find Optimism (OP) crypto trading pair.

You can also click the button below to directly enter OP trading page⇓

Step Four: choose the contract trading order type. Futures contract orders on BTCC platform include market orders, limit orders and SL/TP orders.

• Market Order: users place orders at the best price in the current market to achieve fast trading.
• Limit Order: Limit orders are a type of order to buy or sell futures at a price more favourable than the market price. When you buy at a price lower than the market price or sell at a price higher than the market price, the order will be in the form of a limit order.
• SL/TP Order: SL/TP orders are a type of order to buy or sell futures at a price less favourable than the market price. When you buy at a price higher than the market price or sell at a price lower than the market price, the order will be in the form of a SL/TP order.

Step Five: adjust the leverage multiple.

Please keep in mind that operating leverage carries the risk of liquidation. Leverage should be adjusted based on your financial status and risk tolerance.

Step Six: choose the lot size and set the SL/TP price .

Step Seven: after setting the basic data information, users can choose to buy (open long) or sell (open short) after entering their ideal price. Traders should remind that the price cannot be higher or lower than the highest buying price or lowest selling price of the platform.

Step Eight: click the buy or sell button, and OP futures contract order is completed.

That’s all information about Optimism (OP). If you want to know more information about Optimism (OP) and other cryptocurrencies, please visit BTCC Academy.

About BTCC

BTCC, one of the longest-running exchanges in the world, supports crypto copy trading, spot trading, as well as futures trading for 300+ cryptocurrencies with a leverage ranging from 1Χ to 500Χ.  If you want to trade cryptocurrency, you can start by signing up for BTCC.

BTCC is among the best and safest platforms to trade cryptos in the world. The reasons why we introduce BTCC for you summarize as below:

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