Cryptocurrency Optimism Falls More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Optimism's cryptocurrency (OP) has seen a 3.65% price drop to $2.15 in the last 24 hours, contrasting with a 2.0% increase over the past week. Trading volume has decreased by 54%, and the circulating supply has slightly declined. The current market cap is $1.96 billion, ranking OP at #41.
December 15, 2023 | 7:03 pm
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NEGATIVE IMPACT
Optimism (OP) has experienced a 3.65% price decrease over the last day, with a significant 54% drop in trading volume and a slight decrease in circulating supply.
The price drop of 3.65% in Optimism (OP) along with a substantial decrease in trading volume suggests a bearish short-term sentiment among investors, which could lead to further price declines. The decrease in circulating supply is typically a neutral to positive signal, but it seems overshadowed by the negative price and volume trends.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100