Cryptocurrency Optimism Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
The price of Optimism (CRYPTO: OP) has decreased by 3.54% over the past 24 hours to $1.25, continuing its downward trend over the past week of -11.0%. The trading volume for the coin has decreased 22.0% over the past week, while the overall circulating supply of the coin has increased 0.12% to over 798.52 million. The current market cap ranking for OP is #43 at $996.40 million.
September 25, 2023 | 3:00 pm
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NEGATIVE IMPACT
Optimism's price has decreased by 3.54% over the past 24 hours to $1.25, continuing its downward trend over the past week of -11.0%. The trading volume for the coin has decreased 22.0% over the past week.
The decrease in price and trading volume indicates a bearish sentiment among investors. The increase in circulating supply could also put downward pressure on the price. The overall market sentiment for cryptocurrencies is also negative, which could further drive down the price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100