Where will OP Crypto go next?

by Arthur · February 23, 2023

InvestorPlace – Stock market news, stock advice and trading tips

One of the high-flying cryptos dominating the discussion among crypto investors today is Optimism (OP USD). Up about 10% at the time of writing, interest in Optimism price predictions is understandably high today.

This increase in the value of OP comes amid some pretty impressive news Coin base (NASDAQ:COIN). This top cryptocurrency exchange has announced its own layer-2 blockchain today. It’s the kind of big news many crypto investors have been hoping for.

It is unclear how much use “Base” will be. But given Coinbase’s significant market share, this is something many investors seem to think could be a big deal. At a time when catalysts are finally pricing positively into cryptos, it is also interesting to see the positive price movement this announcement is causing today.

The increase in optimism comes as this scaling technology is expected to be used to build out Coinbase’s new infrastructure. Optimism, aptly named, uses optimistic proofs, or roll-ups, to scale transactions on various blockchains. While best known for being associated with Ethereum (ETH-USD)-based projects, this is yet another high-profile application area for the technology. Consequently, there is good reason for investors to grow positive on this project.

With that said, let’s dive into where the experts think OP could be headed from here.

Optimism Price predictions

For context, OP is currently trading at $2.81 per token at the time of writing.

Wallet Investor provides one-year and five-year price forecasts of $4.01 and $9.67 respectively for OP.
Similarly, Gov Capital projects OP can be worth $3.45 in one year and $9.25 in five years.
Finally, DigitalCoinPrice suggests that Optimism can average $7.12 in 2024 and $14.50 in 2028.

As of the date of publication, Chris MacDonald did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to the InvestorPlace.com Publishing Guidelines.

Chris MacDonald’s love of investing led him to earn an MBA in finance and take on a number of leadership roles in corporate finance and venture capital over the past 15 years. His recent experience as a financial analyst, combined with his fervor for finding undervalued growth opportunities, contributes to his conservative, long-term investment outlook.