Friday August 5, 2022

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 2022, and the years to come. Follow this article until the very end to know more.

Overview

Cryptocurrency Optimism
Token OP
USD Price $1.99
Market Cap $466,477,974
Trading Volume $617,908,338
Circulating Supply 234,748,364.00 OP
All-time high $4.57 (May 31st, 2022)
All-time low $0.4 (June 18th, 2022)

*The statistics are from press time. 

Optimism (OP) Price Prediction

Year Potential Low Average Price Potential High
2022 $1.904 $2.401 $3.029
2023 $2.287 $3.066 $4.59
2024 $3.551 $4.879 $6.704
2025 $4.646 $6.704 $9.212

Optimism Price Prediction For 2022

OP was valued at $4.57 when it initially entered the marketplace with the first airdrop on May 31st, 2022. The de-pegging of the UST stablecoin was still harming the market as of June. All of this marked tragic news for the newly launched Optimism, which on June 18th reached an all-time low of $0.4005.

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The headlines in July again started bad, and on July 13th, the coin hit a low of $0.4147. One thing to keep in mind is that even though it had increased by more than 80% during the week commencing July 13th, it had decreased by even more than 5% after its peak on July 19th. The coin was trading at around $0.78 as of July 20th. Moreover, at the time of writing the token was trading at around $2.04.

OP Price Forecast For Q3

Developing a layer-two solution for Ethereum, Optimism strives for the fewest possible moving elements. In reality, this means employing tested Ethereum architecture and applications. Thus, it strives to maintain the simplest feasible code and integrate seamlessly with pre-existing codebases. 

This could help in attracting more investors while peaking its price at $2.491. On the negative side, taking off from the downtrend might leave the price at its crucial level of $1.644. However, the price might reach $2.024 if buying and selling pressures are balanced.

Optimism Price Prediction For Q4

Optimism employs Rollups to aid in scalability and incorporates the greatest aspects of Ethereum’s mainnet safety. Every transaction is fully safe on Ethereum and is stored in a trustworthy manner on Optimism. This might push the project to gain the bull market and hence attain the maximum price of $3.029 by Q4.

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On the other hand, if the bears outweigh the bulls, the price may end up at $1.904. Despite this, normal buying and selling pressures may result in the cost ending up at $2.401.

OP Price Prediction For 2023

The Optimism community is very consistent and encouraging. Which delivers the project a substantial boost and keeps it motivated to continue developing the distinctive ecosystem. That being said, a sound community might create a great FOMO for the coin shooting up its price to $4.59.

In contrast, the cryptocurrency’s cost can drop as low as $3.551. Following, a trade activity balance could determine the final price to be $4.879.

Optimism (OP) Price Forecast For 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 $6.704.

On the other hand, conditions like a protracted bear run might cause the cost to fall to $3.551. Consequently, the standard price of OP might be $4.879.

Optimism Price Prediction For 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 $9.212 by the end of 2025.

On the other hand, 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 $4.646 In light of the optimistic and bearish forecasts, the average price may ultimately reach $6.704.

What Does The Market Say?

Wallet Investor

Wallet Investor has predicted the value of OP using an algorithm. By 2022, the value of the virtual currency might reach a maximum of $2.059. The drawback is that it might decrease to $1.097. The price may call $1.566 due to average purchasing and selling pressures.

Following this, the company concurs with the larger market, that optimism can be a long-term beneficial investment. The company claims that by 2025, OP might increase from a starting rally of $2.90 to at least $3.03.

Digital Coin Price

As per the trading analysis of Digital Coin Price, the coin could rise to cross the maximum price of $2.79 in 2022. Moreover, the firm doesn’t expect the value of OP to fall beyond $2.45. Hence, an average trading price of $2.61 is set by the experts of the panel.

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Moreover, in 2025 the price of OP is expected to shoot up to reach the highest price of $4.18. Also, the coin is anticipated to trade at the minimum and average trading prices of $3.42 and $3.88 by the end of 2025.

Trading Beasts

By the start of December 2022, Trading Beasts’ analysis predicts that the value of optimism will reach a regular price of $2.310. The anticipated minimum price is $1.963 and the maximum price is $2.887. Moreover, the firm foresees the cost of OP to rally to the highest price of $6.847, by the annual closure of 2025. 

Priceprediction.net

Priceprediction.net’s in-depth technical analysis of OP’s historical price data indicates that the price of Optimism will at least reach $1.28 in 2022. With an average trade price of $1.32, the OP value can go as high as $1.50.

In 2025, the cost of 1 optimism is predicted to be at least $4.22. The OP price can go as high as $4.70, with an average cost of $4.33 in 2025.

Click here to read our price prediction for Gnosis (GNO)!

What Is Optimism?

Optimism is a Layer-2 (L2) Ethereum solution focused on simplicity and minimal cost. The open mainnet of Optimism was introduced in December 2021 after it was first announced in June 2019. Developers could quickly implement pre-existing contracts on the blockchain because Optimism was made to closely align Ethereum.

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. 

Fundamental Analysis

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.

On top of Ethereum, Optimism (OP) is a layer-two blockchain. The Optimism Foundation, a charity devoted to expanding the Optimism ecosystem. Similar to Eth, Optimism wants to develop into a fully decentralized, non-profit public good. 

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Furthermore, it promises to provide an architecture that fosters the expansion and longevity of public goods and is fully funded by grants and contributions. 

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 $3 by the end of 2022.

On the flip side, if the bears take over the market the value can bounce to fall at $2. Concluding, an average trading price of $2.4 is anticipated for the token. 

Final words On Optimism (OP)

Before we wrap up, here are some concluding points worth mentioning on the coin. One of the pros that earned the spotlight for the coin is its simplicity. Optimism’s approach to developing and representing its infrastructure to the audience is simpler, easier to understand, and clear. 

However, in contrast, as usual, layer-2 scaling solutions are abundant, but they are not always the easiest thing for a crypto novice to understand. It is still to the future what Optimism could do to stand apart from its rivals. In the end, it’s always advisable to do an in-depth analysis of the token before parking your funds in it.  

To read our price prediction of Kava (KAVA) click here!

FAQs

Q: Is Optimism a good investment?

A: The protocol has a strong team supporting it and several cutting-edge technological traits that could make it stand out from rivals. However, being a new project it’s hard to predict its future moves.

Q: Will OP would be able to rise in future?

A: The coin has sound fundamentals and it might reach new highs if it brings in newer upgrades and valuable partnerships in the future.

Q: What will be the worth of OP by the end of 2022?

A: The coin is anticipated to trade around an average cost of $2.401 by the conclusion of 2022.

Q: What will the maximum price of OP be by the end of 2023?

A: The coin can strike record highs with a maximum of $4.59 by the end of 2023.

Q: How high can the price of OP go by the year 2025?

A: According to our OP price prediction, the toke can break out of its bearish trends to reach the highest trading price of $9.212 by 2025.

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