Cryptocurrency Optimism Decreases More Than 3% Within 24 hours By Benzinga

Benzinga - by Benzinga Insights, Benzinga Staff Writer.

During the last 24 hours, Optimism (CRYPTO: OP) price has fallen 3.44% to $3.08. This continues its negative trend over the past week, where it saw a 17.0% loss, going from $3.67 to its current price.

The chart below compares Optimism's price movement and volatility over the last 24 hours (left) with its price movement over the past week (right). The gray bands are Bollinger Bands and measure the volatility of both daily and weekly price movements. The wider the bands, or the larger the gray area at any given time, the greater the volatility.

The trading volume of the coin has fallen by 34.0% over the past week, which is opposite, in direction, to the overall circulating supply of the coin, which has increased by 0.36%. This brings the circulating supply to 1.01 billion, representing approximately 23.43% of its maximum supply of 4.29 billion. According to our data, OP's current market capitalization rank is number 43 with $3.09 billion.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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