Optimism Price Prediction 2023-2030: Can Optimism Reach $100?
Latest Optimism Crypto Price
|Metric||Last 24 Hours||Trend|
|Net Social Media Sentiment||81.6%||Lower|
Latest Optimism News
- New Messari report on Optimism
- Optimism has displayed a remarkable trajectory in the crypto ecosystem over the past month, with its market cap swelling by more than 30%.
- The Total Value Locked (TVL) also witnessed an uptick by 5%, a growth primarily driven by the @ExactlyProtocol and @yearnfi, collectively contributing an additional $90M to the TVL.
- Notably, @ExactlyProtocol has emerged as a dominant force in the lending sector within Optimism, sitting just behind Aave in rankings, but boasting deeper liquidity in pivotal markets. Additionally, it has managed to lock in $80M USDC, a figure that’s triple the amount of Aave’s.
- The dynamism of the Optimism ecosystem is further underscored by its leading percentile change in active address growth, which experienced a 32% surge over a 30-day period, surpassing Avalanche.
- Presently, Optimism accounts for over 100,000 daily active addresses, positioning it close on the heels of Arbitrum, even as the latter’s activity growth seems to plateau.
Optimism Price Prediction: Is Optimism Crypto a Good Investment?
Optimism is a layer-2 scaling solution for the Ethereum blockchain that aims to provide faster and cheaper transactions while still maintaining the security and decentralization of the Ethereum network. To achieve this, a technique called optimistic rollups is devised, that allows for off-chain transactions to be aggregated and then posted to the Ethereum blockchain in a single, batched transaction. This reduces the amount of data that needs to be processed on the Ethereum blockchain, leading to lower transaction fees and faster processing times.
Other than this, use cases for Optimism include providing support for smart contracts and enabling developers to build and deploy decentralized applications (dApps) on top of the Ethereum blockchain.
Key Apps on Optimism
- 1 Inch
- Coinbase Wallet
Optimism DeFi TVL stands at $911m. This has fallen over the last 30 days. Rank is steady at 6th
Avalanche which has a lower TVL than Optimism is valued 8 times higher.
The native token of Optimism also called optimism (OP), is used to fund third-party development proposals and integrations via the Optimism Collective DAO. People holding OP can participate in voting on the future of the network.
- Reduce the gas fees on Ethereum transactions and improve transaction speeds.
- Interact with Dapps built on the Optimism network
Optimism Performance so far
- Year to Date (2023): +71.4%
- Last 12 months: -7.5%
- Since Launch: -65.3%
Overall, Optimism is catching up with other Ethereum layer-2 blockchains (like Matic). That said, $OP is a good trading asset and a moderate investment asset.
Optimism Price Predictions
Optimism Price Prediction: Can Optimism Reach $100?
Optimism will have to rise by 34 times to reach $100. At $100, $OP’s Market Cap will be about $23.1 Billion. If Optimism were to rise at a rate of 25% every year, it would take it 16 years to reach $100.
Combining all the factors
- The Case for Investment: Moderate
- Growth required: Moderate
- Market Cap requirements: Reasonable
Overall, there is a good chance that Optimism will reach $100. A Burn program targeting 25-50% of the Tokens will make this task much easier.
Optimism Price Prediction Today
|1. Market's Wisdom||Neutral|
|1a. Market Data||Partially Bullish|
|1b. Technical Recommendation||Sell|
|2. Crowd's Wisdom||Neutral|
|2a. Social Media Buzz||Higher|
|2b. Social Media Sentiment||Lower|
Optimism Price Prediction 2023-2030
- Optimism Price Prediction 2023 is $2.13
- Optimism Price Prediction 2024 is $3.31
- Optimism Price Prediction 2025 is $4.81
- Optimism Price Prediction 2026 is $6.71
- Optimism Price Prediction 2027 is $8.31
- Optimism Price Prediction 2028 is $10.9
- Optimism Price Prediction 2029 is $15.5
- Optimism Price Prediction 2030 is $22.4
Where to buy Optimism Crypto?
The Top 5 Exchanges are
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.