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Optimism (OP) Showed Different Daily and Rolling Losses on Oct. 22

A later snapshot showed a 9.8% rolling 24-hour decline and an 8.1% drop from the day’s open.

By Enna Lee
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A red token rests at the foot of a stepped display / TokenPost.ai
A red token rests at the foot of a stepped display / TokenPost.ai

At 3:12 p.m. ET (19:12 UTC) Oct. 22, a market snapshot showed Optimism (OP) down 9.8% over a rolling 24-hour period. A separate daily measure put the token 8.1% below its opening price that day.

The percentages use different reference points: one measures a rolling 24-hour period, while the other compares the price with the day’s open. Optimism, an Ethereum layer-2 network, uses OP as its governance token.

On Oct. 18, OP was down 6.84% over 24 hours to $0.12548, extending its seven-day decline to 7.24% (Oct. 18 price update).

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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