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 2024, 2025, and beyond. We’ll also discuss its price history. 

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 Optimism price prediction

OP Details

Optimism (OP)
Coin Name Optimism (OP)
Website www.optimism.io
Market Cap $3,399,518,382
Circulation 957,378,568 OP
Total Tokens 4,294,967,296
FDV $15,247,364,459

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 to 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 a 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 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.

2023 has seen a major growth in Optimism. The minimum and maximum price for OP in 2023 has been 1.19USD and a little above 4USD respectively.

OP Onchain Analysis: February 2024

  • Revenue (30d): $435,000 – Over the past 30 days, Optimism has generated a revenue of approximately 435,000 USD.
  • Revenue (annualized): $5.144Million – Extrapolating the 30-day revenue figure, Optimism’s annualized revenue is projected to be approximately $5.14Million.
  • P/F ratio (fully diluted): 274.62x – The Price-to-Fully Diluted Market Cap ratio for Optimism is currently at 274.62x. This metric suggests the valuation of the protocol relative to its fully diluted market cap, indicating investor sentiment.
  • P/S ratio (fully diluted): 274.62x – The Price-to-Sales ratio for Optimism, based on the fully diluted market cap, is at 274.62x. This metric provides insight into the valuation of the protocol relative to its revenue generated.
  • Fees (30d): $4.14m 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 the WLD token.
  • Fees (annualized): $49.64Million – Extrapolating the 30-day fee figure, Optimism’s annualized fees are projected to be approximately $49.64Million.
  • Active users (daily) (30d average): 102.56k – Over the past 30 days, Optimism has had an average of 72.7k daily active users. This represents a positive growth of 13.3% in user activity during this period.

Optimism OP Price Prediction 2024

When Maximum Price Minimum Price
February 2024 $3.865 $3.628
March 2024 $4.317 $3.083
April 2024 $3.597 $2.998
May 2024 $3.270 $2.725
June 2024 $3.336 $2.780
July 2024 $4.003 $3.336
August 2024 $4.483 $3.736
September 2024 $4.573 $3.811
October 2024 $4.802 $4.001
November 2024 $6.002 $5.002
December 2024 $7.202 $6.002

What is Optimism OP price prediction for February 2024?

In February, Optimism OP is expected to trade between $3.865- $3.628. 

What is Optimism OP price prediction for March 2024?

The minimum and maximum are anticipated to be $4.317 and $3.083 respectively in March. 

What is Optimism OP price prediction for April 2024?

Optimism OP could trade between $3.577 and $2.998 in April 2024, according to price predictions.

What is Optimism OP price prediction for May 2024?

The minimum and maximum are anticipated to be $3.27 and $2.725 respectively in May.

Optimism OP Price Prediction 2025

When Maximum Price Minimum Price
January 2025 $7.923 $6.389
February 2025 $8.340 $5.957
March 2025 $10.424 $8.407
April 2025 $12.410 $8.864
May 2025 $13.489 $10.878
June 2025 $16.187 $11.562
July 2025 $15.870 $12.798
August 2025 $19.044 $13.603
September 2025 $23.804 $19.197
October 2025 $29.756 $21.254
November 2025 $30.351 $24.476
December 2025 $33.386 $23.847

In 2025, the OP price is expected to reach a maximum of $33.386 whereas a minimum of $5.957 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’s erratic nature, we cannot guarantee accuracy.

Optimism OP Price Prediction 2026

When Maximum Price Minimum Price
January 2026 $40.063 $32.309
February 2026 $32.050 $22.893
March 2026 $24.654 $19.882
April 2026 $18.491 $13.208
May 2026 $13.683 $11.035
June 2026 $10.525 $7.518
July 2026 $8.420 $6.791
August 2026 $6.527 $4.662
September 2026 $8.159 $6.580
October 2026 $10.199 $7.285
November 2026 $11.219 $9.048
December 2026 $12.565 $8.975

Optimism OP Price Prediction 2027

When Maximum Price Minimum Price
January 2027 $15.078 $12.160
February 2027 $12.063 $8.616
March 2027 $9.279 $7.483
April 2027 $7.887 $5.634
May 2027 $6.625 $5.343
June 2027 $5.096 $3.640
July 2027 $4.077 $3.288
August 2027 $3.160 $2.257
September 2027 $3.951 $3.186
October 2027 $4.938 $3.527
November 2027 $5.432 $4.381
December 2027 $6.084 $4.346

Optimism OP Price Prediction 2028 to 2030

When Maximum Price Minimum Price
January 2028 $7.301 $5.888
February 2028 $5.841 $4.172
March 2028 $5.310 $4.282
April 2028 $4.513 $3.224
May 2028 $3.791 $3.057
June 2028 $3.446 $2.462
July 2028 $4.308 $3.474
August 2028 $5.557 $3.970
September 2028 $6.947 $5.602
October 2028 $8.683 $6.202
November 2028 $9.552 $7.703
December 2028 $10.698 $7.641
January 2029 $7.381 $5.952
February 2029 $8.683 $6.202
March 2029 $10.854 $8.753
April 2029 $12.922 $9.230
May 2029 $14.045 $11.327
June 2029 $16.854 $12.039
July 2029 $16.052 $12.945
August 2029 $13.376 $9.555
September 2029 $16.721 $13.484
October 2029 $20.901 $14.929
November 2029 $22.991 $18.541
December 2029 $25.750 $18.393
January 2030 $25.081 $20.226
February 2030 $30.097 $21.498
March 2030 $28.664 $23.116
April 2030 $23.886 $17.062
May 2030 $29.858 $24.079
June 2030 $37.323 $26.659
July 2030 $41.055 $33.109
August 2030 $45.982 $32.844
September 2030 $44.787 $36.119
October 2030 $50.745 $38.389
November 2030 $51.185 $41.279
December 2030 $52.654 $30.467

In 2030, the price is expected to reach a maximum of $52.654 whereas a minimum of $17.062 is expected. 

The prices are expected to be in a bull market and from 2028 to 2030, the prices are expected to increase 8 fold. 

Well, these are merely estimates. We cannot guarantee accuracy given the unpredictable nature of cryptocurrencies. You are recommended to conduct your research.

Optimism OP Price Prediction in INR

Year WISE
(in INR)
Maximum Price Minimum Price
2024 ₹612.94 ₹233.01
2025 ₹2853.98 ₹506.22
2026 ₹610.60 ₹396
2027 ₹517.16 ₹191.22
2028 ₹849.79 ₹209.00
2029 ₹2,171.53 ₹502.66
2030 ₹4,633.66 ₹1,501.78

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 $33.386 whereas a minimum of $5.957 is expected. 

What is Optimism OP Price Prediction for 2030?

In 2030, the price is expected to reach a maximum of $52.654 whereas a minimum of $17.062 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’s erratic nature, we cannot guarantee accuracy. You are advised to do your research. 

Can OP reach 10 USD?

OP tokens are expected to reach 10 USD in March 2025.

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Is Optimism OP a good investment decision for 2024 and beyond?

OP is one of the best layer 2 blockchain Ethereum solutions available in 2024.

Because we are nearly at the bottom, investing 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 22.29% of its tokens in circulation. Another 77.71% of the tokens are still due, which could hamper the token’s price increase. This may not have any impact on the short term, but, may heavily impact long-term growth.

Currently OP token is up by a big margin of 47.76% in the last 30 days, and I might only wait a little for some correction. 

A good entry would be below 4 USD for the long term.

Remember that there are risks associated with any investment. Just focus on what you can influence, and before making any judgments, learn as much as you can. 

Do your research before purchasing any cryptocurrency.

Last updated: 11th February, 2024