Optimism Token (OP): A Detailed Look for Savvy Investors

Optimism (OP) is a cryptocurrency that can be traded on centralized exchanges. Gate.io is the most popular option, with a trading volume of $7,686,674.98 in the last 24 hours. The daily trading volume for OP is $300,598,769.16, down 17.50% from yesterday. The all-time high for OP is BTC0.0001389, while the all-time low is BTC0.00002060. OP has a market cap of BTC41,618.1446 and a fully diluted valuation of BTC170,989.1072.

Optimism Token (OP): A Comprehensive Overview for Informed Decision-Making

Availability and Trading

Optimism tokens (OP) are readily available for trading on centralized cryptocurrency exchanges, with the most prominent being Gate.io. The OP/USDT trading pair on Gate.io exhibits the highest trading volume, reaching $7,686,674.98 within the past 24 hours. Other renowned exchanges offering OP trading include DigiFinex and MEXC.

Trading Volume and Market Activity

Over the last 24 hours, Optimism recorded a trading volume of $300,598,769.16, reflecting a moderate decrease of 17.50% from the preceding day. This suggests a recent decline in market activity.

Historical Price Performance

The highest price ever paid for OP was BTC0.0001389, achieved on March 6, 2024. Compared to its all-time high, the current price represents a significant reduction of 47.80%.

Conversely, the lowest price recorded for OP was BTC0.00002060 on June 18, 2022. Remarkably, the current price surpasses this all-time low by an impressive margin of 528.30%.

Market Capitalization and Valuation

Optimism's market capitalization stands at BTC41,618.1446, ranking it 48th on CoinGecko as of today. Market capitalization is calculated by multiplying the current token price with the circulating supply of 1 billion OP tokens.

The fully diluted valuation (FDV) of Optimism amounts to BTC170,989.1072. This represents the potential maximum market cap if all 4.3 billion OP tokens were in circulation. The realization of FDV may take several years, contingent upon the emission schedule of OP tokens.

Peer Comparison

In the past seven days, Optimism has exhibited resilience by registering a price decline of only -0.80%. This outperforms the broader cryptocurrency market, which has witnessed a decline of -4.10%. However, OP trails similar cryptocurrencies within the Optimism Ecosystem, which have collectively gained 0.40% during the same period.

Conclusion

Optimism tokens (OP) are widely available on prominent cryptocurrency exchanges and have experienced a notable trading volume in recent times. Its price performance reflects a moderate decline from its all-time high but a significant appreciation from its all-time low. Optimism's market capitalization and fully diluted valuation indicate its potential for future growth. Investors should carefully consider the historical price movements, trading volume, and market activity before making any investment decisions.