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Optimism

OPUSD

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0.092

+0.001+1.10%

Discussions

TradingKey Chart

Time

15m

30m

Today

+1.10%

5 Days

+6.98%

1 Month

-10.68%

6 Months

-48.60%

Year to Date

-65.28%

1 Year

-88.04%

Key Data Points

Opening Price

0.090

Previous Closing Price

0.091

Price Range of the Day

0.0900.092

52-Week Price Range

0.0810.871

Optimism News

Recent

Analysis

Market turns for L2 tokens after months of sideways trading

The combined market capitalization of L2 coins and tokens is on an upward trend. After months of stagnant trading, L2 tokens are regaining value.

CryptopolitanNov 27, 2024

Indicators

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The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.

This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.

Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.

15m

30m

15m

D

Neutral

Sell(4)

Neutral(2)

Buy(4)

Indicators

Sell(1)

Neutral(2)

Buy(1)

Indicators

Value

Direction

MACD(12,26,9)

0.002

Neutral

RSI(14)

52.599

Neutral

STOCH(KDJ)(9,3,3)

93.898

Overbought

ATR(14)

0.004

Low Volatility

CCI(14)

183.838

Buy

Williams %R

0.000

Overbought

TRIX(12,20)

-0.419

Sell

StochRSI(14)

100.000

Overbought

Moving Average

Sell(3)

Neutral(0)

Buy(3)

Indicators

Value

Direction

MA5

0.089

Buy

MA10

0.088

Buy

MA20

0.088

Buy

MA50

0.095

Sell

MA100

0.108

Sell

MA200

0.126

Sell

More Details of Optimism

Optimism is a Layer 2 blockchain solution built on top of the Ethereum network. It aims to help scale the Ethereum ecosystem by using a technology called optimistic rollups. Optimistic rollups allow transactions to be processed off the main Ethereum blockchain, while still being secured by the Ethereum network. Optimism is one of the leading scaling solutions for Ethereum, boasting over $500 million in Total Value Locked (TVL). It serves as the home base for a thriving ecosystem of 97 decentralized protocols, including some of the largest and most prominent projects in the Ethereum DeFi space. Among these are Synthetix (SNX), a leading derivatives exchange, Uniswap (UNI), a decentralized exchange (DEX), and Velodrome (VELO), an automated market maker (AMM). Optimism is designed around four key tenets: simplicity, pragmatism, sustainability, and optimism. The project aims to build iteratively, focusing on real-world needs and constraints rather than rushing towards scalability. This measured approach helps maintain the security and integrity of the network.

Who are the founders of Optimism?

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Optimism is led by the Optimism Foundation, a non-profit organization dedicated to the growth and development of the Optimism ecosystem. Similar to Ethereum, Optimism's goal is to become a fully decentralized public good that is not driven by profit motives.

What makes Optimism unique?

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Optimism is built around four core principles: Simplicity, Pragmatism, Sustainability, and Optimism. The project aims to create a layer-2 solution for Ethereum with the minimum number of moving parts, leveraging proven Ethereum code and infrastructure whenever possible. The Optimism ecosystem emphasizes pragmatism, focusing on the real-world needs and constraints of its team and users. Importantly, Optimism's design process is centered around long-term sustainability, avoiding shortcuts that could compromise the network's stability and scalability.

How is the Optimism Network secured?

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Optimism benefits from the security provided by the Ethereum mainnet. By using optimistic rollups, Optimism helps scale the Ethereum ecosystem while maintaining the robust security guarantee of the base layer. Transactions on Optimism are trustlessly recorded, with the ultimate settlement and security provided by the Ethereum network.