Optimism Price Prediction 2024–2030: Will OP Token Gain Momentum?

Key takeaways

  • Optimism’s OP token rose by 10% to $2.78, defying market trends and signaling potential for further growth.
  • OP price sees 64% drawdown since March 6 despite platform innovations like custom gas tokens and Plasma mode.

Optimism (OP), a prominent Layer-2 scaling solution for Ethereum, has recently made headlines by leading total bridge net inflows over the past seven days, surpassing even Ethereum. This achievement underscores Optimism’s growing influence and efficiency in facilitating cross-chain transactions. The platform’s commitment to innovation is further highlighted by its support for Layer-3 solutions, enabling the development of decentralized applications (dApps) on top of Layer-2 chains, which contributes to the expansive Optimism Superchain.

Despite these advancements, the OP token faces significant price volatility. After a notable correction since March 6, the OP price experienced a drawdown of 64%, and although there was a bounce on April 13, it failed to break through its main resistance.The platform’s initiatives, including the introduction of custom gas tokens and Plasma mode, aim to reduce onboarding and operational costs, making it more accessible for new users and developers. As the market closely watches the price movements of OP, the platform’s broader impact on the Ethereum network and its potential for long-term growth remains significant.


Market Cap$3,062,604,125
Trading Volume$345,878,695
Circulating Supply1,045,379,867
All-time High$ 4.85 Mar 6, 2024
All-time Low$ 0.401121 Jun 18, 2022
24 High$2.98
24 Low$2.81

Optimism Price Prediction: Technical Analysis

Price Prediction$ 9.41  (226.46%)
50-Day SMA$3.03
14-Day RSI57.46
Fear & Greed Index67
Green Days14/30 (47%)
200-Day SMA$2.78

Optimism Price Analysis: OP Plummets To $2.50 Following a Bearish Signal

TL; DR Breakdown 

  • Optimism price analysis is bearish today
  • OP prices are facing resistance at $2.85
  • Optimism prices have set key support at $2.46

Optimism price analysis for today 24th May shows a bearish trend as the bears took control of the market. The bears have pushed the price down from its peak of $2.80 to its current level of $2.50 for the past 24 hours. This represents a drop of 7.10 percent. The downtrend was confirmed with a break below the support level at $2.46 and a failure to hold on to the $2.80 mark, indicating that the bears remain in control of the market. 

Optimism Price Analysis: OP Remains Bearish

The 1-day Optimism price analysis shows that the coin’s value is declining steadily. The price is dropping below $2.50 mark, which indicates that the bears are currently in control of the market.

OP/USD 1-day price chart, Source: TradingView

The technical indicator analysis suggests that the OP/USD pair is likely to remain in a bearish trend for the near future. The Moving Average Convergence Divergence (MACD) for the pair is currently in bearish territory and is indicating that the market is in a downtrend. The relative strength index (RSI) has dropped to 45.46, indicating that the market may be heading toward oversold territory in the coming days.

OP/USD 4-Hour Price Chart: Recent Updates

The 4-hour Optimism price analysis shows prices are going down for the cryptocurrency due to continuous bearish pressure from the last few hours. Still, as is seen in the charts, the price is currently trading at $2.50, down by over 7.10 percent, and if a strong bounce occurs, it may push the price up. The red candlestick is also indicating that the bears are currently in control of the market.

OP/USD 4-hour price chart, Source: TradingView

The MACD indicator is bearish, and a strong downtrend has been established in the market. Meanwhile, the RSI on the four-hour chart is at 38.28, which suggests that further losses may be on the way for Optimism unless something changes soon. 

Optimism Technical Indicators: Levels And Action

Daily Simple Moving Average (SMA)

SMA 3$2.66BUY
SMA 5$2.59BUY
SMA 10$2.72BUY
SMA 21$2.57BUY
SMA 50$3.03SELL
SMA 100$3.36SELL
SMA 200$2.73BUY

Daily Exponential Moving Average (EMA) 

EMA 3$2.43BUY
EMA 5$2.42BUY
EMA 10$2.55BUY
EMA 21$2.84BUY
EMA 50$3.22SELL
EMA 100$3.24SELL
EMA 200$2.90BUY

What To Expect From Optimism 

Optimism price analysis suggests that the OP/USD pair is in a bearish trend and will likely remain so in the near future. The market has failed to break past the $2.80 resistance level, signaling that the bears may continue to hold on to their position for some time. The technical indicators on both charts are currently in bearish territory and indicate that the market is likely to continue to decline in the near future.

Recent News

ETFswap, a platform for exchange-traded funds (ETFs), has garnered significant interest from Optimism and GameStop investors by promising an unprecedented return on investment (ROI) of up to 30,000 times the initial investment. This claim has sparked discussions within the investment community, especially among those seeking high-growth opportunities.

ETFswap’s innovative approach to ETF management and trading, leveraging advanced algorithms and market strategies, aims to maximize returns while minimizing risks. Despite skepticism about the feasibility and sustainability of such high returns, early adopters and proponents believe the platform’s cutting-edge technology provides a solid foundation for achieving these goals.

However, potential investors are advised to conduct thorough due diligence and consider regulatory risks. Regulatory bodies are expected to scrutinize ETFswap closely to ensure compliance with relevant laws. Investors should remain aware of any regulatory developments that could impact the platform’s operations and their investments.

Optimism Price Prediction, May 2024

Having analyzed Optimism prices, cryptocurrency experts expect that the OP rate might reach a maximum of $9.81 in May 2024. It might, however, drop to $2.87. For May 2024, the forecasted average of Optimism is nearly $6.34.

Optimism Price Prediction 2024

The experts in the field of cryptocurrency have analyzed the prices of Optimism and their fluctuations during the previous years. It is assumed that in 2024, the minimum OP price might drop to $3.13, while its maximum can reach $3.59. On average, the trading cost will be around $3.26.

Optimism Price Predictions 2025–2030

Optimism price prediction

Optimism Price Prediction 2025

Based on the technical analysis by cryptocurrency experts regarding the prices of Optimism, in 2025, OP is expected to have the following minimum and maximum prices: about $4.71 and $5.60, respectively. The average expected trading cost is $4.87.

Optimism Price Prediction 2026

As per the forecast price and technical analysis, In 2026 the price of Optimism is predicted to reach at a minimum level of $6.95. The OP price can reach a maximum level of $8.23 with the average trading price of $7.15.

Optimism Price Prediction 2027

According to our deep technical analysis on past price data of OP, In 2027, the price of Optimism is predicted to reach at a minimum level of $10.51. The OP price can reach a maximum level of $12.19 with the average trading price of $10.80.

Optimism Price Prediction 2028

The price of Optimism is predicted to reach at a minimum value of $15.56 in 2028. The Optimism price could reach a maximum value of $18.17 with an average trading price of $15.99 throughout 2028.

Optimism Price Prediction 2029

The price of Optimism is predicted to reach at a minimum value of $23.13 in 2029. The Optimism price could reach a maximum value of $27.04 with an average trading price of $23.93 throughout 2029.

Optimism Price Prediction 2030

After the analysis of the prices of optimism, it is assumed that in 2030, the minimum price of OP will be around $34.25. The maximum expected Optimism price may be around $41.27. On average, the trading price might be $35.44 in 2030.

Optimism Market Price Prediction: Analysts’ OP Price Forecast


Cryptopolitan’s Optimism (OP) Price Prediction

According to the latest data gathered at Cryptopolitan, the current price of Optimism is $2.96, and OP is presently ranked No. 21 in the entire crypto ecosystem.  In the past 24 hours, the crypto has increased by $0.08 in its current value.

For the last 7 days, OP has been in a good upward trend, thus increasing by 22.22%. Optimism has shown very strong potential lately, and this could be a good opportunity to dig right in and invest.

Optimism Price History

Let’s delve into the price history of the OP token. While it’s important to remember that past performance doesn’t guarantee future results, understanding the token’s trading history can provide a useful context for interpreting or making an Optimism price prediction.

image 259
image 259

When the OP token was first introduced to the open market via the initial airdrop on May 31, 2022, it was valued at $4.57, as per CoinMarketCap. However, this price seemed overly optimistic as the market quickly deemed it overvalued, causing it to drop to a low of $0.7973 before ending the day at $1.44 – a 68.5% decrease from the opening price.

Despite the initial price being the all-time high for Optimism, the OP token price has seen some fluctuations.

In June 2022, the market was still recovering from the depegging of the UST stablecoin and the subsequent collapse of the associated LUNA cryptocurrency. This was quickly followed by the Celsius crypto lending platform freezing withdrawals, further confirming the bear market. This series of events negatively impacted the newly launched Optimism, causing it to drop to its all-time low of $0.4005 on June 18, 2022 – less than a tenth of its launch price.

However, the token made a slow recovery, ending the month at $0.5434. But by July 13, 2022, the token fell to $0.4147, continuing its bearish trend.

Following Ethereum’s Merge – the transition to a proof-of-stake (PoS) consensus mechanism aimed at making the blockchain faster and more eco-friendly – on September 15, 2022, the crypto markets didn’t react as positively as many investors had hoped. Despite launching on OpenSea, Optimism was trading at $0.8917 on September 28. The OP token continued to fall, reaching $0.649 by October 21. However, by November 4, 2022, the token had regained over 108% and surged to $1.3512 following the launch of Pragmatism, a library design system created by Figma for the Optimism Collective.

This bullish run was short-lived, though, as the token fell to $0.7952 by November 10, 2022, triggered by the collapse of the FTX (FTT) exchange. Throughout the rest of November, the token fluctuated between $1 and $0.8 before starting a steady rise in December, spurred by Optimism’s announcement of the deployment of the AttestationStation, an attestation smart contract providing “a permissionless, accessible data source for builders creating reputation-based applications”.

On December 15, 2022, the platform also announced that an Optimism non-fungible token (NFT) would be “coming soon” on the AttestationStation, serving as a “customisable profile picture that can represent user identity across the Optimism Ecosystem”.

Earlier, the platform had announced Retroactive Public Goods Funding Round 2, set to launch in February 2023, aimed at giving back to those “powering the public goods that make Optimism possible”.

The first half of December saw OP rising, reaching a high of $1.19 before dropping to close the year at $0.9172. OP then experienced a rally at the start of the New Year, reaching $3.21 on February 3. A drop was followed by a recovery to $3.26 on February 24, but then it decreased to trade at about $2.52 on March 7, 2023. Optimism further declined and touched the $1.5 mark in early June.


What is an Optimistic Rollup?

Optimistic rollups operate on a principle similar to ZK-rollups, but with a key difference: they presume transactions to be valid unless proven otherwise. Computations are only executed if a transaction's integrity comes under question.

What is the purpose of Optimism?

Optimism is a swift, reliable, and expandable L2 blockchain, crafted by Ethereum developers specifically for their peers. Designed as a modest augmentation to the current Ethereum software, Optimism's architecture, equivalent to EVM, enhances the scalability of your Ethereum applications without any unexpected outcomes. Any application that functions on Ethereum will operate on Optimism, but at a significantly reduced cost.

What is the function of Optimism?

Optimism is a layer 2 chain, meaning it functions on top of Ethereum mainnet (layer 1). Transactions take place on Optimism, but the data about transactions get posted to the mainnet where they are processed.

Is Optimism EVM-compatible?

Absolutely! Optimism is entirely compatible with all Solidity smart contracts and Ethereum libraries. Given that Optimism functions as a second layer atop the primary Ethereum network, it can employ the Ethereum Virtual Machine in the same way as Ethereum does.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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