Cryptocurrency Optimism Decreases More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Optimism's (CRYPTO: OP) price has decreased by 4.91% in the last 24 hours to $3.69, despite a 13.0% increase over the past week. The trading volume for OP has decreased by 23.0%, while its circulating supply has increased by 0.22%, reaching 957.38 million. Currently, OP's market cap ranks #28 at $3.53 billion.
February 13, 2024 | 7:02 pm
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NEGATIVE IMPACT
Optimism (OP) experienced a 4.91% price decrease to $3.69, with a 13% increase over the past week. The trading volume decreased by 23%, and the circulating supply increased to 957.38 million.
The short-term price decrease of 4.91% in Optimism (OP) could lead to negative sentiment among investors, potentially causing a further decrease in price. The decrease in trading volume suggests lower investor interest, which could exacerbate the price drop. However, the increase in circulating supply and the overall positive performance over the past week might provide some support to the price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100