Cryptocurrency Optimism's Price Increased More Than 5% Within 24 hours

Over the past 24 hours, Optimism's OP/USD price rose 5.1% to $1.17. This continues its positive trend over the past week where it has experienced a 3.0% gain, moving from $1.14 to its current price. As it stands right now, the coin's all-time high is $3.22.

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 decreased 12.0% over the past week, while the overall circulating supply of the coin has decreased 0.21% to over 644.59 million. This puts its current circulating supply at an estimated 15.01% of its max supply, which is 4.29 billion. The current market cap ranking for OP is #49 at $751.68 million.

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