Can Optimism reach $100?Optimism Price Prediction 2023-30
Can Optimism reach $100? Read on for our detailed analysis
Optimism Price Prediction: $OP has been outperforming the market for months now but the Coinbase announcement gives it another push higher
Latest $OP Price
- Last 5 Days: -4.1%, Underperformer*
- Last 30 Days: -6.6%, Underperformer
- Last 6 Months: +64.2%, Outperformer
- Last 12 Months: +87.8%, Outperformer
*Vs Ethereum
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
- Synthetix
- Uniswap
- 1 Inch
- Coinbase Wallet
- Metamask
- Moonpay
Optimism DeFi TVL stands at $964m, ranked 6th, a jump of 38% over the month, one of the best performers across all big chains.
Avalanche which has a lower TVL than Optimism is valued 6 times higher.
Optimism Token
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
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.
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
- 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 2023, 2025 and 2030
- Optimism Price Prediction 2023 is $5.5
- Optimism Token Price Prediction 2025 is $10.4
- Optimism Price Prediction 2030 is $49.0
Op Coin Price Prediction Today
| Overall Outlook | Neutral |
| 1. Market's Wisdom | Neutral |
| 1a. Market Data | Neutral |
| 1b. Technical Recommendation | Neutral |
| 2. Crowd's Wisdom | Partially Positive |
| 2a. Social Media Buzz | Higher |
| 2b. Social Media Sentiment | Neutral |
Optimism Price Prediction Reddit Update
- Users are excited about the potential for Optimism to reduce gas fees and improve scalability
- The fact that Optimism is receiving a portion of the sequencer fees from BASE is also seen as a positive sign for the project.
- Some users are concerned about different L2 solutions competing with each other.
- There are concerns about the complexity of achieving full interoperability across L2 networks
- Some users express skepticism about the long-term tokenomics of the Optimism token and its potential use cases beyond short-term hype.
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.