Optimism Crypto

OP Crypto  USD 2.62  0.10  3.68%   

Market Performance

15 of 100

Odds Of Distress

Less than 42

Optimism is trading at 2.62 as of the 20th of March 2023, a -3.68 percent decrease since the beginning of the trading day. Optimism has about a 42 percent probability of financial distress in the next few years of operation but had a somewhat good performance during the last 90 days. Cryptocurrency ratings for Optimism are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 18th of February 2023 and ending today, the 20th of March 2023. Click here to learn more.
Optimism is peer-to-peer digital currency powered by the Blockchain technology. More on Optimism

Moving together with Optimism

Optimism is an online market maker for p2p online currency indicated as Cryptocurrency. Optimism has been active in the last 3 months, and it is presently trading with a bearish sentiment. Cryptocurrencies such as Optimism are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as Optimism are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

Optimism Crypto Coin Highlights

Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. Optimism's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding Optimism or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
Fama & French Classification
Optimism is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on 12 exchanges in multiple currencies.
Coin TypeOptimism
Optimism (OP) is traded on CRYPTO Exchanges. Optimism is peer-to-peer digital currency powered by the Blockchain technology.

Optimism's Exchanges and Markets

Coinbase Poloniex BitMart Binance Korbit DigiFinex Bitkub LBank ZB Kucoin Bibox CoinEx

Optimism Target Price Odds Analysis

What are Optimism's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Optimism jumping above the current price in 90 days from now is about 21.34%. The Optimism probability density function shows the probability of Optimism crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Optimism has a beta of -0.8676. This indicates Moreover, the company has an alpha of 1.8515, implying that it can generate a 1.85 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 2.62HorizonTargetOdds Above 2.62
78.60%90 days
Based on a normal probability distribution, the odds of Optimism to move above the current price in 90 days from now is about 21.34 (This Optimism probability density function shows the probability of Optimism Crypto Coin to fall within a particular range of prices over 90 days) .

Optimism Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Optimism market risk premium is the additional return an investor will receive from holding Optimism long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Optimism. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Optimism's alpha and beta are two of the key measurements used to evaluate Optimism's performance over the market, the standard measures of volatility play an important role as well.

Optimism Technical Analysis

When it comes to investing in cryptocurrency, such as Optimism, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of Optimism, which is currently traded at 2.62, shows everything you need to know about Optimism market value. You don't have to consider the fundamental factors that affect a crypto asset, such as Optimism, to determine its price movements. However, the Optimism's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so Optimism's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project Optimism's future price trend
The output start index for this execution was zero with a total number of output elements of sixty-one. Optimism Price Common Logarithm is logarithm with base 10 applied on the entire pricing series.

Optimism Against Markets

Picking the right benchmark for Optimism crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Optimism crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Optimism is critical whether you are bullish or bearish towards Optimism at a given time.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in Optimism without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.

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How to invest in Optimism

You need to understand the risk of getting into digital currencies such as OP before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in Optimism in four ways:

Buy OP through an exchange

Get yourself a crypto wallet before embarking on your Optimism journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase Optimism. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of Optimism through an exchange

You don't have to buy a full token when starting out since OP is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade Optimism through a broker

If you don't want to store your Optimism Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in OP through an exchange-traded fund (ETF)

You can also invest in OP through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having Optimism in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
Explore Investing Ideas  
Please check Your Equity Center. You can also try Fundamental Analysis module to view fundamental data based on most recent published financial statements.

Complementary Tools for analysis

When running Optimism price analysis, check to measure Optimism's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Optimism is operating at the current time. Most of Optimism's value examination focuses on studying past and present price actions to predict the probability of Optimism's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Optimism's coin price. Additionally, you may evaluate how adding Optimism to your portfolios can decrease your overall portfolio volatility.
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Money Managers
Screen money managers from public funds and ETFs managed around the world
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Watchlist Optimization
Optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Analyst Recommendations
Analyst recommendations and target price estimates broken down by several categories
Please note, there is a significant difference between Optimism's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine Optimism value by looking at such factors as its true mass adoption, usability, application, safety as well as its ability to resist fraud and manipulation. On the other hand, Optimism's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.