Cryptocurrency Optimism's Price Increased More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Optimism's cryptocurrency (OP) has seen a 4.28% price increase in the last 24 hours to $1.81, despite a 1.0% decline over the past week from $1.82. The coin's all-time high is $3.22. Trading volume has decreased by 33.0%, while the circulating supply has risen by 0.24% to 880.92 million, which is 20.51% of the max supply. Optimism is currently ranked 41st in market cap at $1.59 billion.
November 23, 2023 | 7:00 pm
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Optimism (OP) has experienced a 4.28% increase in price over the last 24 hours, contrasting with a slight weekly decline. The market cap stands at $1.59 billion, ranking it 41st.
The short-term price increase of 4.28% indicates a positive market reaction that could attract attention from traders and investors, potentially leading to further short-term gains. However, the decrease in trading volume suggests less market activity which could dampen the impact. The increase in circulating supply is a minor change and is unlikely to significantly affect the price in the short term.
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IMPORTANCE 75
RELEVANCE 100