Optimism (OP) has been garnering attention in recent times, with some members of the community sharing their insights and predictions about its future price trajectory.
According to various sources, $OP has achieved significant milestones in terms of transaction processing speed (TPS). Reports indicate that all TPS targets have been successfully met, signaling a potential surge in demand and investor interest.
While specific timeframes are not mentioned, some community members recall that $OP was initially discussed at a price of $1.2 and has since risen to $1.7. This substantial increase in value has fueled excitement among traders and investors.
Furthermore, $OP enthusiasts are closely monitoring its recent performance, with the token approaching the 1.77 mark. The attainment of this price level is being described as “inch perfect,” highlighting the precision of its price movements.
However, amidst the optimism, some speculators believe that there could be a possible retracement in price between $1.54 and $1.58. Despite this, they assert that holding the current trendline may lead to a “clearance thrust” to the $2.20s, indicating the potential for further growth.
One notable achievement celebrated by the $OP community is the successful breach of the $1.6 resistance level. Breaking this barrier has further bolstered confidence in the cryptocurrency’s upward trajectory.
As discussions around $OP continue, some members of the community express their belief that once $OP surpasses the $1.62 level, it could potentially soar to unprecedented heights. The phrase “fly to Valhalla” is used colloquially to express the possibility of substantial price appreciation.
Additionally, the partnership between $OP and BuildOnBase is garnering attention. There is speculation that OP will play a significant role in the ecosystem as the hub for Layer 2 (L2) economic activities. This could potentially result in revenue flowing to staked $OP holders, further adding to the cryptocurrency’s appeal.
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Show more +OP is currently priced at $1.71. It has experienced a 6.83% increase in the last 24 hours. The market cap of Optimism is approximately $1.16 billion, making it the 42nd largest cryptocurrency. The 24-hour trading volume is around $251 million.
The circulating supply of Optimism is about 679 million OP coins, out of a maximum supply of approximately 4.3 billion OP coins. The fully diluted market cap, which is the market cap if all coins were in circulation, is approximately $7.33 billion.
Optimism (OP) is a layer-two blockchain on top of Ethereum. It benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. This means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum.
