Cryptocurrency Optimism Falls More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Optimism's cryptocurrency (OP) has seen a price decrease of 3.11% over the past 24 hours, now at $3.71, despite a 17.0% increase over the past week. The trading volume has risen by 11.0%, while the circulating supply slightly decreased by 0.09%. Optimism's current market cap is $3.38 billion, ranking it 29th.
January 02, 2024 | 7:03 pm
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NEGATIVE IMPACT
Optimism (OP) has experienced a short-term price decline of 3.11% to $3.71, contrasting with its 17% increase over the past week. The market cap remains strong at $3.38 billion, with a slight decrease in circulating supply.
The short-term price drop of 3.11% is likely to influence investor sentiment negatively, despite the overall positive performance in the past week. The increase in trading volume suggests heightened investor interest, which could mitigate the price drop impact. However, the decrease in circulating supply could be seen as a positive sign for scarcity, potentially supporting the price in the future. The market cap ranking indicates a strong position in the market, which may reassure investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100