The Optimism (OP) as a suggested name by the project aims to accelerate the scaling of Ethereum with the layer 2 blockchain solution. The main purpose of launching your own network is to provide low-cost and faster transactions. The project started in June 2019 with the introduction of the optimistic rollup and in December 2021 they launched their main network.
The Optimism (OP) is completely open source and decentralized along with that provides an authorizationless and secure network. Project will work as unprofitable organizations, and all earnings for profit will be dedicated to launching new products on the network. The Optimism (OP) will have its own network and in the future we may see the latest updates on the network that include partitioned rollup, decentralized sequencer and more.
Optimism (OP) kept it simple, as it used ethereum code and the fundamental network. So, the codes in Optimism will remain simple and easy to understand that will help anyone work directly with the existing database. The project aims to become the largest scaling solution for Ethereum with the highest total volume locked. as per report, Network is already home to over 35+ protocol and mainly involved in popular decentralized exchanges and applications.
Optimism (OP) Price forecast
| Month & Year | OP price forecasting |
|---|---|
| September 2022 | US$ 1.6 |
| October 2022 | US$ 2.3 |
| September 2022 | US$ 2.6 |
| December 2022 | US$ 2.7 |
| January 2023 | US$ 2.9 |
| February 2023 | US$ 2.2 |
| April 2023 | US$ 2.6 |
| April 2023 | US$ 2.8 |
| May 2023 | US$ 3.4 |
| June 2023 | US$ 3.4 |
| September 2023 | US$ 3.7 |
| December 2023 | $4.0 |
| April 2024 | $3.9 |
| July 2024 | US$ 4.5 |
| October 2024 | US$ 4.1 |
| January 2025 | US$ 4.6 |
| February 2025 | US$ 10.1 |
| April 2025 | US$ 10.4 |
| April 2025 | US$ 11.4 |
| May 2025 | US$ 11.6 |
| June 2025 | US$ 11.9 |
| July 2025 | US$ 13.3 |
| July 2025 | US$ 15.4 |
| September 2025 | US$ 14.0 |
| October 2025 | US$ 13.7 |
| October 2025 | US$ 16.1 |
| December 2025 | US$ 16.5 |
| January 2030 | US$ 35.5 |
| April 2030 | US$ 37.7 |
| May 2030 | US$ 42.3 |
| July 2030 | US$ 39.0 |
| September 2030 | US$ 44.9 |
| December 2030 | US$ 46.5 |
Optimism Overview (OP)
| Project name | Optimism (OP) |
| Ticker symbol | Op |
| Total supply | 4,294,967,296 |
| Official website | Optimism.io |
| Based on | Layer 2 Solution |
| Launch year | 2019 |
| network | Optimism (OP) |
| Exchange platform | Binance, Gate, Kucoin, OKX, Global Huobi |
| wallet | Metamask |
Analysis of OP token prices
OP is governance and utility token of the Optimism ecosystem with distribution as ecosystem fund, retroactive financing of public goods, user airdrops, core contributors and investors. The token holder will get their reward from the sequence revenue model, which is currently the top priority in the roadmap. However, the revenues of the OP tokens will be distributed public goods that target the demand for blockspace.
According to CMC and CoinGecko OP tokens listed with price $0.91 USD on Binance, Huobi and other level 1 exchanges. However, after the start of the bear market of the token quotation, where the value of the token fell below $ 0.50 USD. Following the attack on the Optimism network, the hacker stole over $24 million tokens, but 95% of the token later returned by the hacker himself to ethereum’s founding wallet. During this period, the OP token continues to follow a constant price chart and now from July 2022 continues to follow upward trends. The price of the OP token rose from $0.47 to $2.22 USDT in less than a month. Now, the token is trying to build resistance to the $1.60 USD price level and if market sentiment remains neutral, we could see OP reach a new all-time high before the end of 2022.
conclusion
The Optimism (OP) immediately after the launch blocked in major controversies in that network was hacked, but the value of the token was recovered much faster than expected. The project has great utility and a strong roadmap that points to many potential networked projects. Optimism (OP) has gained a huge market volume in less than 3 months of listing and is already able to maintain the ranking among the top 200 projects by market capitalization. Optimism token (OP) already listed on the main exchange and decentralized environment is already listed.