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 Details
| Optimism (OP) | |
| Coin Name | Optimism (OP) |
| Website | www.optimism.io |
| Market Cap | $1,923,589,671 |
| Circulation | 1,121,728,540(OP) |
| Total Tokens | 4,294,967,296 |
| FDV | $7,365,199,718 |
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: July 2024
- Revenue (30d): $1.98 Million – Over the past 30 days, Optimism has generated a revenue of approximately $1.98 Million USD.
- Revenue (annualized): $24.13 Million – Extrapolating the 30-day revenue figure, Optimism’s annualized revenue is projected to be approximately $24.13 Million.
- P/F ratio (fully diluted): 301.5x – The Price-to-Fully Diluted Market Cap ratio for Optimism is currently at 301.5x. This metric suggests the valuation of the protocol relative to its fully diluted market cap, indicating investor sentiment.
- P/S ratio (fully diluted): 301.5x – The Price-to-Sales ratio for Optimism, based on the fully diluted market cap, is at 301.5x. This metric provides insight into the valuation of the protocol relative to its revenue generated.
- Fees (30d): $1.98 Million – Over the past 30 days, Optimism has generated approximately $1.98 Million in fees. It has experienced a growth of 55.70%.
- Fees (annualized): $24.13 Million – Extrapolating the 30-day fee figure, Optimism’s annualized fees are projected to be approximately $24.13 Million.
- Active users (weekly): 402.21k – Over the past 30 days, Optimism has had an average of 69.69k 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 |
| July 2024 | $1.947 | $1.623 |
| August 2024 | $2.142 | $1.785 |
| September 2024 | $2.356 | $1.963 |
| October 2024 | $2.379 | $1.983 |
| November 2024 | $2.617 | $2.181 |
| December 2024 | $2.644 | $2.203 |
In 2024, the projected prices for OP Token are expected to show notable fluctuations. In July, the maximum price is projected at $1.947, with a minimum of $1.623. August sees an increase with a maximum of $2.142 and a minimum of $1.785. September anticipates further growth to $2.356 (maximum) and $1.963 (minimum). October is expected to have a maximum of $2.379 and a minimum of $1.983. November’s projections show a rise to $2.617 (maximum) and $2.181 (minimum), while December is expected to see the highest prices of the year, with a maximum of $2.644 and a minimum of $2.203.
OP Price Prediction 2025
| When | Maximum Price | Minimum Price |
| January 2025 | $2.670 | $2.153 |
| February 2025 | $2.427 | $1.734 |
| March 2025 | $2.476 | $1.997 |
| April 2025 | $2.251 | $1.608 |
| May 2025 | $2.446 | $1.973 |
| June 2025 | $2.691 | $1.922 |
| July 2025 | $2.638 | $2.128 |
| August 2025 | $3.166 | $2.261 |
| September 2025 | $3.198 | $2.579 |
| October 2025 | $2.907 | $2.076 |
| November 2025 | $2.965 | $2.391 |
| December 2025 | $2.995 | $2.139 |
In 2025, OP Token’s prices are projected to fluctuate as follows: As we step into January, the maximum price is expected to reach $2.670, with a minimum of $2.153. By February, prices may peak at $2.427 and bottom out at $1.734. March could see the token reaching a high of $2.476 and a low of $1.997. Moving into April, the maximum price is forecasted at $2.251, with a minimum of $1.608. In May, prices are anticipated to range from $2.446 to $1.973. By June, the token might reach a maximum of $2.691 and a minimum of $1.922. July could see prices at $2.638 to $2.128. August is expected to see a high of $3.166 and a low of $2.261. September might show a maximum price of $3.198 and a minimum of $2.579. October’s projections indicate prices ranging from $2.907 to $2.076. November could see a high of $2.965 and a low of $2.391. Finally, by December, OP Token’s price is anticipated to reach a maximum of $2.995 and a minimum of $2.139.
Optimism OP Price Prediction 2026
| When | Maximum Price | Minimum Price |
| January 2026 | $3.144 | $2.536 |
| February 2026 | $3.459 | $2.471 |
| March 2026 | $3.444 | $2.336 |
| April 2026 | $3.773 | $2.695 |
| May 2026 | $4.151 | $3.347 |
| June 2026 | $3.773 | $2.695 |
| July 2026 | $3.118 | $2.515 |
| August 2026 | $2.835 | $2.025 |
| September 2026 | $3.544 | $2.858 |
| October 2026 | $4.430 | $3.164 |
| November 2026 | $4.873 | $3.930 |
| December 2026 | $5.457 | $3.898 |
Optimism OP Price Prediction 2027
| When | Maximum Price | Minimum Price |
| January 2027 | $6.003 | $4.841 |
| February 2027 | $7.404 | $5.346 |
| March 2027 | $6.549 | $5.281 |
| April 2027 | $7.204 | $5.146 |
| May 2027 | $7.924 | $6.390 |
| June 2027 | $6.095 | $4.354 |
| July 2027 | $4.876 | $3.933 |
| August 2027 | $3.780 | $2.700 |
| September 2027 | $4.725 | $3.811 |
| October 2027 | $5.906 | $4.219 |
| November 2027 | $6.497 | $5.240 |
| December 2027 | $7.277 | $5.198 |
OP Price Prediction 2028 to 2030
| When | Maximum Price | Minimum Price |
| January 2028 | $8.004 | $6.455 |
| February 2028 | $7.304 | $5.146 |
| March 2028 | $6.549 | $5.282 |
| April 2028 | $7.204 | $5.446 |
| May 2028 | $6.051 | $4.880 |
| June 2028 | $5.501 | $3.929 |
| July 2028 | $6.877 | $5.546 |
| August 2028 | $8.871 | $6.336 |
| September 2028 | $10.645 | $8.585 |
| October 2028 | $9.677 | $6.912 |
| November 2028 | $9.774 | $7.882 |
| December 2028 | $10.947 | $7.819 |
| January 2029 | $9.871 | $7.960 |
| February 2029 | $11.613 | $8.295 |
| March 2029 | $12.774 | $10.301 |
| April 2029 | $15.207 | $10.862 |
| May 2029 | $16.529 | $13.330 |
| June 2029 | $18.182 | $12.987 |
| July 2029 | $17.316 | $13.965 |
| August 2029 | $14.430 | $10.307 |
| September 2029 | $14.575 | $11.754 |
| October 2029 | $18.218 | $13.013 |
| November 2029 | $18.583 | $14.986 |
| December 2029 | $18.954 | $13.539 |
| January 2030 | $18.400 | $14.839 |
| February 2030 | $18.768 | $13.406 |
| March 2030 | $18.047 | $14.554 |
| April 2030 | $15.039 | $10.742 |
| May 2030 | $15.340 | $12.371 |
| June 2030 | $13.945 | $9.961 |
| July 2030 | $18.129 | $14.620 |
| August 2030 | $18.310 | $13.079 |
| September 2030 | $15.340 | $12.371 |
| October 2030 | $18.408 | $13.148 |
| November 2030 | $17.531 | $14.138 |
| December 2030 | $15.937 | $11.384 |
Optimism OP Price Prediction in INR
|
Year WISE
(in INR)
|
Maximum Price | Minimum Price |
| 2026 | ₹455.73 | ₹169.11 |
| 2027 | ₹661.76 | ₹225.49 |
| 2028 | ₹914.22 | ₹328.12 |
| 2029 | ₹1,582.91 | ₹664.76 |
| 2030 | ₹1,567.37 | ₹831.87 |
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 $3.198 whereas a minimum of $1.608 is expected.
What is Optimism OP Price Prediction for 2030?
In 2030, the price is expected to reach a maximum of $18.768 whereas a minimum of $9.961.
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 February 2029.
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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 26.12% of its tokens in circulation. Another 73.88% 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.
A good entry would be below 2 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: 14th July 2024
