Cryptocurrency Optimism Decreases More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Optimism's cryptocurrency, OP, has seen a 5.69% decrease in price over the last 24 hours, continuing a negative trend with a 10% loss over the past week. The trading volume has decreased by 18%, while the circulating supply increased by 0.15%. Its market cap ranking is now #35 at $4.16 billion.
March 14, 2024 | 3:03 pm
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NEGATIVE IMPACT
Optimism's OP has experienced a significant price drop of 5.69% in the last 24 hours, contributing to a 10% decrease over the week. The trading volume has also decreased by 18%, and its market cap ranking is now #35.
The significant price drop and decrease in trading volume indicate a negative short-term outlook for OPUSD. The decrease in price and trading volume, along with the slight increase in circulating supply, suggests a bearish sentiment among investors, likely leading to further short-term declines.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100