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Optimism (OP) Price Prediction 2023, 2024, 2025 till 2030: Can OP touch 10USD?
Can optimism OP make it to 10 USD? Is optimism OP, a sound investment? If you learn about this blockchain project, you can get the solutions to all of these questions. We will explain the definition of Optimism OP in this piece, along with price projections for 2023, 2024, 2025, and beyond. We’ll also discuss its price history.
What we are going to learn?
Introduction
Optimism is a fast, stable, and scalable L2 blockchain built by Ethereum developers, for Ethereum developers. Optimism’s EVM-equivalent architecture expands your Ethereum projects without unpleasant shocks because it was designed as a minimum addition to the existing Ethereum infrastructure. If it runs on Ethereum, it runs on Optimism for a far lower price.
There is more to optimism than simply a blockchain. It is a test of how to sustainably fund an ecosystem using money from the protocol.
OP Details
| Optimism (OP) | |
| Coin Name | Optimism (OP) |
| Website | www.optimism.io |
| Market Cap | $1,246,878,036 |
| Circulation | 716,708,907 OP |
| Total Tokens | 4,294,967,296 |
| FDV | $7,477,538,842 |
What is Optimism OP?
Through the decentralized autonomous organization Optimism Collective, optimism’s native token, also known as optimism (OP), contributes to the funding of third-party development projects and connections on the optimism platform (DAO).
Features
Simple and elegant
As few lines of code as possible separate Optimism from Ethereum’s battle-tested infrastructure. Build your app on the L2 that doesn’t quit.
Click and deploy
Optimism is equivalent with the Ethereum Virtual Machine, not just compatible. This means all Ethereum apps and tooling just work.
Rollup Protocol
The big idea that makes Optimism possible is the Optimistic Rollup. We’ll go through a brief explainer of how Optimistic Rollups work at a high level. Then we’ll explain why Optimism is built as an Optimistic Rollup and why we believe it’s the best option for a system that addresses all of our design goals.
Optimistic Rollup
A blockchain that benefits from another “parent” blockchain’s security is referred to as a “optimistic rollup,” which is essentially just a fancy way of saying that it does it. For example, rather than supplying their own consensus method, optimistic rollups use the parent chain’s (such as PoW or PoS) as a basis for consensus. This parent blockchain is Ethereum in the case of Optimism.
Block Production
Optimism block production is primarily managed by a single party, called the “sequencer,” which helps the network by providing the following services:
- Providing transaction confirmations and state updates.
- Constructing and executing L2 blocks.
- Submitting user transactions to L1.
Bridging Assets between Layers
Users can communicate any messages between smart contracts on Optimism and Ethereum because of the way optimism is constructed. This enables the exchange of assets between the two networks, including ERC20 tokens. Depending on which way messages are transmitted, several mechanisms are used for this communication to take place.
Optimism uses this functionality in the Standard bridge to allow users to deposit assets (ERC20s and ETH) from Ethereum to Optimism and also allow withdrawals of the same from Optimism back to Ethereum.
Moving from Ethereum to Optimism
In Optimism terminology, transactions going from Ethereum (L1) to Optimism (L2) are called deposits, even if they do not have any assets attached to them.
Their Philosophy
A nonprofit organization devoted to expanding the Optimism Collective is called the Optimism Foundation.
In addition to developing software that grows Ethereum technology, they also increase Ethereum values by building the foundation for significant initiatives without a viable business plan.
Until the project is fully decentralized, they are aiming to donate all profits from running a centralized sequencer towards scaling and sustaining public goods.
Roadmap
Optimism’s Security Model
Cryptography needs to be secure. The intended functionality of the code is expected by users, developers, and infrastructure providers. These same groups (rightfully) want a quick, secure, and transparent solution when it doesn’t.
At Optimism, we have gained a great deal of knowledge about this fine balance and the value of openness about security models over the years. Being transparent alone is insufficient; it must also be available. It doesn’t matter how clear your security model is if the typical user cannot grasp it.
Protocol specs
With the OVM 2.0 upgrade, which happened on November 11th, 2021, the Optimism protocol went through its biggest upgrade to date. The primary focus of this upgrade was EVM Equivalence (opens a new window), a new design for Optimism that brought it close to 1:1 parity with Ethereum.
Developer tools
Connecting
You have the list of networks and node providers to help you connect to an Optimism node.
Deploying
To get some ETH bridged over for deployment gas fees, use one of the available faucets or just bridge ETH using the Optimism Gateway (opens new window).
Monitoring
Your app is live in production? Watch it grow using one of the monitoring tools. They also have a set of troubleshooting tools and block explorers to help you provide a stellar service to your users.
Price History
The value of OP on May 31, 2022, the day it first entered the open market via the first airdrop, was $4.57. It decreased to $0.4005 on June 18, 2022, which was less than a tenth of its launch price. This was the price it reached at its all-time low in June 2022.
After that, there was some good news as the token slowly recovered to end the month at $0.5434. However, on July 13, 2022, the token dropped to $0.4147 and resumed its downward trajectory.
But by November 4th, 2022, the token had recovered almost 108% and was up to $1.3512.
Though that bullish trend was brief, the token dropped to $0.7952 by November 10th, 2022, closing the year at $0.917 with a market cap of $215,307,665.
OP Onchain Analysis: August 2023
- Revenue (30d): $1.02m – Over the past 30 days, Optimism has generated a revenue of approximately $1.02Million. The revenue has experienced an increase of 48.95% mainly because of the launch of Worldtoken
- Revenue (annualized): $12.44Million – Extrapolating the 30-day revenue figure, Optimism’s annualized revenue is projected to be approximately $12.44Million.
- P/F ratio (fully diluted): 166.39x – The Price-to-Fully Diluted Market Cap ratio for Optimism is currently at 166.39x. This metric suggests the valuation of the protocol relative to its fully diluted market cap, indicating investor sentiment.
- P/S ratio (fully diluted): 580.91 – The Price-to-Sales ratio for Optimism, based on the fully diluted market cap, is at 580.91x. This metric provides insight into the valuation of the protocol relative to its revenue generated.
- Fees (30d): $3.57 Million – Over the past 30 days, Optimism has generated approximately $3.57 Million in fees. It has experienced a growth of 55.70%, all thanks to WLD token.
- Fees (annualized): $43.44Million – Extrapolating the 30-day fee figure, Optimism’s annualized fees are projected to be approximately $43.44Million.
- Active users (daily) (30d average): 102.56k – Over the past 30 days, Optimism has had an average of 88.43k daily active users. This represents a positive growth of 13.3% in user activity during this period.
Optimism OP Price Prediction 2023
| When | Maximum Price | Minimum Price |
| August 2023 | $1.98 | $1.40 |
| September 2023 | $2.52 | $1.47 |
| October 2023 | $2.90 | $1.33 |
| November 2023 | $3.76 | $1.46 |
| December 2023 | $2.47 | $1.64 |
As of August 4, 2023, OP token is trading at 1.74USD.
Optimism token in short term is showing bullish nature and is expected to continue surging in price in August, September and October 2023. OP token is on an uptrend expected to touch and cross 3USD in next 3 months.
What is Optimism OP price prediction for August 2023?
The forecast for August calls for a maximum of $1.98 and a minimum of $1.40.
What is Optimism OP price prediction for September 2023?
In September, Optimism OP is expected to trade between $2.52- $1.47.
What is Optimism OP price prediction for October 2023?
The minimum and maximum are anticipated to be $2.90 and $1.33 respectively in October.
What is Optimism OP price prediction for November 2023?
Optimism OP could trade between $3.76 and $1.46 in November 2023, according to price predictions.
What is Optimism OP price prediction for December 2023?
The minimum and maximum are anticipated to be $2.47 and $1.64 respectively in December.
Optimism OP Price Prediction 2024
| When | Maximum Price | Minimum Price |
| January 2024 | $2.07 | $1.73 |
| February 2024 | $2.33 | $1.94 |
| March 2024 | $2.74 | $2.28 |
| April 2024 | $2.19 | $1.82 |
| May 2024 | $1.82 | $1.52 |
| June 2024 | $1.30 | $1.09 |
| July 2024 | $1.56 | $1.30 |
| August 2024 | $1.60 | $1.33 |
| September 2024 | $1.68 | $1.40 |
| October 2024 | $1.76 | $1.47 |
| November 2024 | $2.20 | $1.83 |
| December 2024 | $2.59 | $2.16 |
In 2024, Optimism OP is expected to reach a maximum of $2.59.
Optimism OP Price Prediction 2025
| When | Maximum Price | Minimum Price |
| January 2025 | $2.21 | $1.78 |
| February 2025 | $2.59 | $1.85 |
| March 2025 | $3.24 | $2.62 |
| April 2025 | $3.86 | $2.76 |
| May 2025 | $4.20 | $3.38 |
| June 2025 | $5.04 | $3.60 |
| July 2025 | $4.80 | $3.87 |
| August 2025 | $4.00 | $2.85 |
| September 2025 | $5.00 | $4.03 |
| October 2025 | $6.24 | $4.46 |
| November 2025 | $6.87 | $5.54 |
| December 2025 | $7.69 | $5.50 |
In 2025, the price is expected to reach a maximum of $7.69 whereas a minimum of $1.78 is expected.
These values should only be taken as estimates since we presently don’t have any data on which to base our projections. Due to cryptocurrency’ erratic nature, we cannot guarantee accuracy. Your own research is advised to do so.
Optimism OP Price Prediction 2026-2030
| When | Maximum Price | Minimum Price |
| 2026 | $7.10 | $3.94 |
| 2027 | $5.68 | $3.16 |
| 2028 | $7.38 | $4.10 |
| 2029 | $22.15 | $12.31 |
| 2030 | $44.30 | $29.54 |
In 2030, the price is expected to reach a maximum of $44.30 whereas a minimum of $29.54 is expected.
The prices are expected to be in bull market and from 2027 to 2030, the prices are expected to increase 6 fold.
Well, these are merely estimates. We cannot guarantee accuracy given the unpredictable nature of cryptocurrencies. You are recommended to conduct your own research.
Optimism OP Price Prediction in INR
|
Year WISE
(in INR)
|
Maximum Price | Minimum Price |
| 2023 | ₹163.28 | ₹23.24 |
| 2024 | ₹217.94 | ₹144.95 |
| 2025 | ₹653.98 | ₹151.17 |
| 2026 | ₹610.60 | ₹339.22 |
| 2027 | ₹494.16 | ₹274.53 |
| 2028 | ₹649.79 | ₹361.00 |
| 2029 | ₹1,971.53 | ₹1,095.29 |
| 2030 | ₹4,031.66 | ₹2,687.78 |
Frequently Asked Questions (FAQs)
Does Optimism have fault proofs?
No, Optimism does not currently have fault proofs. Fault proofs do not meaningfully improve the security of a system if that system can be upgraded within the 7 day challenge window (”fast upgrade keys”). A system with fast upgrade keys, such as Optimism, is fully dependent on the upgrade keys for security. Optimism’s goal is to be the first system that deploys fault proofs that can secure the system by themselves, without fast upgrade keys.
What is Optimism OP Price Prediction for 2025?
In 2025, the price is expected to reach a maximum of $7.69 whereas a minimum of $1.78 is expected.
What is Optimism OP Price Prediction for 2030?
In 2030, the price is expected to reach a maximum of $44.30 whereas a minimum of $29.54 is expected.
Will Optimism’s price go high or low?
It is hard to say anything. Prices have been increasing & decreasing for Optimism as we can see.
Well, these values should only be taken as estimates. Due to cryptocurrency’ erratic nature, we cannot guarantee accuracy. You are advised to do your own research.
Can OP reach 10USD?
OP tokens is expected to reach 10USD in 2029. Only problem however I see with OP token is, there is only a tiny amount of coin which is in circulation. Once more OP tokens are added to the circulation, the price could plummet.
Related Posts:
- What is Optimism? Everything you want to know in 2023
- Which are the Best Layer 1 Crypto Projects Now?
Is Optimism OP a good investment decision for 2023 and beyond?
OP is one of the best layer 2 blockchain Ethereum solutions available in 2023.
Because we are nearly at the bottom, making an investment in Optimism OP now can be profitable. Optimism OP prices are expected to rise in the long run according to our analysis and price forecast.
However, a point to note is OP has only 16.6% of its token in circulation. Another 83.6% of the tokens are still due, which could hamper the token’s price increase. This may not have any impact on the short term, however, may heavily impact the long term growth.
Currently OP token is on an uptrend, and I might only buy for short term, and sell at at at 50-60% gain.
But will I buy OP token for long term? Probably not.
Remember that there are risks associated with any investment. Just focus on what you can influence, and before making any judgements, learn as much as you can.
Do your own research before purchasing any cryptocurrency.
Last updated: 4th August, 2023
