#OP

Current price and market data ( as of May 11, 2025):
* The live price of Optimism currency (OP) is currently around $0.73 - $0.92. Prices may vary slightly between different exchanges.
* Optimism #57 - 61 is classified by market capitalization.
* The trading volume over 24 hours is large, ranging from approximately 87 million dollars to 540 million dollars, indicating active trading.
* There are approximately 1.65 billion - 1.66 billion OP tokens from Optimism in circulation, and the maximum supply is 4.29 billion OP tokens.
Price Performance:
* 24 hours: A positive increase ranging from about +0.02% to +16.89%.
* 7 days: shows a noticeable increase ranging from about +6.74% to +18.19%. * 1 month: shows a positive increase of about +14.46% to +26.49%.
* One year: shows a noticeable decrease of approximately -0.77% to -70.64%. This long-term decline should be considered in the context of broader market cycles and the launch and distribution of tokens related to Optimism.
Technical Analysis:
* Moving Averages: On a 4-hour timeframe, OP shows a bullish crossover with the 50-day moving average which is sloping upwards. However, on the daily timeframe, the 200-day moving average is sloping downwards, indicating long-term weakness.
* Index( Strength )Relative Strength Index: The relative strength index is currently in a neutral zone on the daily timeframe, indicating no overbought or oversold conditions. On the 4-hour timeframe, it is in the overbought zone. * Descending Wedge Breakout: Some analysts have noted a potential breakout from a long-term descending wedge pattern on the daily chart, indicating bullish momentum.
News and developments:
* Optimism continues to be an important Layer 2 solution on the Ethereum platform with a significant total value locked (TVL) in its ecosystem.
* The ``sharding`` was released as part of the recent Ethereum Pictura upgrade, which aims to improve user experience, validator transactions, and expand the second layer.
* The BUIDL token vault from BlackRock is now available on Optimism, indicating increased institutional interest in the network.
* There is generally a positive sentiment in the market, which has helped Bitcoin rise above $100,000 and may have affected the price of other cryptocurrencies such as OP.
Future predictions ( based on forecasts ):
* Price predictions for Optimism vary. Some suggest a potential rise to $1.12 – $3.82 by the end of 2025.
* Long-term estimates (2030) vary significantly, with some indicating potential highs ranging from $14.26 to $39.70.
* It is important to note that these estimates are approximate and depend on various market factors, ongoing development, and the adoption of Optimism.
General sentiment:
Short-term sentiments towards Optimism appear to be positive, driven by the recent price increase and positive developments in the Ethereum ecosystem. However, the long-term trend remains significantly lower than last year, indicating that the token is still recovering from previous peaks.