Optimism (OP) Trading 3.9% Lower Over Last Week

Optimism (OP) traded 10.9% lower against the dollar during the 24-hour period ending at 7:00 AM Eastern on October 2nd. One Optimism token can currently be bought for $1.66 or 0.00002720 BTC on major exchanges. Over the last week, Optimism has traded 3.9% lower against the dollar. Optimism has a market cap of $2.09 billion and $236.46 million worth of Optimism was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed over the last day:

• 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 down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% 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.
• MVP Coin (MVP) traded down 25.5% against the dollar and now trades at $0.0416 or 0.00000068 BTC.
• P2P Solutions foundation (P2PS) traded down 6.7% against the dollar and now trades at $158.79 or 0.00259982 BTC.

Optimism Token Profile

Optimism’s launch date was November 11th, 2021. Optimism’s total supply is 4,294,967,296 tokens and its circulating supply is 1,255,070,491 tokens. Optimism’s official website is www.optimism.io. Optimism’s official message board is optimism.mirror.xyz. Optimism’s official Twitter account is @optimism and its Facebook page is accessible here.

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.”

Optimism Token Trading

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 Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Optimism using one of the exchanges listed above.

OP/USD price chart by TradingView