Optimism Review: What The Data Tells Us
Let's talk about Optimism for a moment. I've pulled together some key metrics that paint an interesting picture.
📈 Current Price Action
At $0.47, the price action has been relatively stable lately. The 7-day trend is showing strong bullish momentum, which is worth noting. The monthly chart shows significant correction from recent highs.
Optimism price movement over the last 7 days
💰 Market Metrics
With a market cap of $884.53M, it's ranked #123 in the crypto market. The 24h volume of $84.93M represents 9.60% of the market cap, which indicates moderate trading activity.
| Metric | Value |
|---|---|
| Current Price | $0.47 |
| 24h Change | +4.16% |
| 7d Change | +5.32% |
| 30d Change | -30.34% |
| Market Cap | $884.53M |
| 24h Volume | $84.93M |
| Market Rank | #123 |
🪙 Supply Dynamics
There are $1.90B coins in circulation out of a maximum supply of $4.29B (44.16% circulating). A significant portion is still locked, which could affect future supply dynamics.
📊 Historical Context
The all-time high was $4.84, and we're currently 90.35% below that level. The all-time low sits at $0.34, which means we're 37.17% up from the bottom.
That's a significant discount from ATH, which could present opportunity - or suggest fundamental changes in the project's prospects.
🤔 My Take
Market dynamics show us Optimism is showing strength. The fundamental metrics show room for growth if fundamentals improve.
As with any crypto investment, only allocate what you can afford to lose.
🎯 Final Thoughts
That wraps up my deep dive into Optimism. As always, these are just observations based on current data. I'd love to hear your thoughts - are you bullish or bearish here?
This is not financial advice. Always do your own research before making investment decisions.