Optimism (OP) Trading 9.7% Lower Over Last Week

Optimism (OP) traded 9.5% lower against the U.S. dollar during the twenty-four hour period ending at 10:00 AM Eastern on October 7th. One Optimism token can now be bought for about $0.12 or 0.00000144 BTC on popular cryptocurrency exchanges. In the last week, Optimism has traded down 9.7% against the U.S. dollar. Optimism has a total market cap of $276.09 million and $97.44 million worth of Optimism was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• CateCoin (CATECOIN) traded 10.2% lower against the dollar and now trades at $0.0586 or 0.00000071 BTC.
• SolvBTC (SOLVBTC) traded down 2.9% against the dollar and now trades at $83,317.16 or 1.00277003 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Optimism Profile

Optimism was first traded on November 11th, 2021. Optimism’s total supply is 4,294,967,296 tokens and its circulating supply is 2,299,624,975 tokens. Optimism’s official Twitter account is @optimism and its Facebook page is accessible here. The official message board for Optimism is optimism.mirror.xyz. The official website for Optimism is www.optimism.io.

According to CryptoCompare, “What is Optimism (OP)? Optimism (OP) is a layer-two platform built on top of the Ethereum blockchain that aims to improve the scalability and accessibility of decentralized applications (dApps). It does this by using a technique called “optimistic rollups,” which allow dApps to offload some of their computation and data storage onto a separate layer, while still remaining secure and decentralized. This technique enables low-cost, near-instantaneous Ethereum transactions by batching multiple transactions into one and settling them on the Optimism layer, with the data fed back to the main Ethereum network. Optimism was introduced in June 2019, with a testnet released in October 2019 and an alpha mainnet launched in January 2021. In October 2021, Optimism launched a network compatible with the Ethereum Virtual Machine. What is OP used for? OP is used to develop and deploy dApps that can take advantage of the scalability and accessibility benefits offered by optimistic rollups. These dApps could be used for a variety of purposes, including financial applications, social networks, games, and more. Who created Optimism (OP)? Optimism (OP) was created by a team of blockchain developers and researchers, including Ethan Frey and James Ray. The team is based in the United States and is funded by a number of venture capital firms and individual investors. Discord, Github, Twitch, MediumWhitepaper”

Buying and Selling Optimism

It is usually not possible to purchase alternative cryptocurrencies such as Optimism directly using U.S. dollars. Investors seeking to acquire Optimism should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Optimism using one of the aforementioned exchanges.

OP/USD price chart by TradingView