Cryptocurrency Optimism Down More Than 3% Within 24 hours

Optimism's OP/USD price has decreased 3.17% over the past 24 hours to $2.82. This is contrary to the coins performance over the past week where it has experienced an up-trend of 13.0%, moving from $2.51 to its current price.

The chart below compares the price movement and volatility for Optimism over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has tumbled 21.0% over the past week while the circulating supply of the coin has risen 0.32%. This brings the circulating supply to 1.05 billion, which makes up an estimated 24.34% of its max supply of 4.29 billion. According to our data, the current market cap ranking for OP is #46 at $2.96 billion.

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