Optimism Hits Self Reported Market Capitalization of $2.29 Billion (OP)

Optimism (OP) traded 7.7% higher against the U.S. dollar during the one day period ending at 20:00 PM ET on October 20th. One Optimism token can now be purchased for approximately $1.82 or 0.00002630 BTC on major exchanges. Optimism has a total market cap of $2.29 billion and $133.51 million worth of Optimism was traded on exchanges in the last 24 hours. Over the last seven days, Optimism has traded 7.4% higher against the U.S. dollar.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower 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 down 2.2% 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.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 0% lower against the dollar and now trades at $0.0801 or 0.00000116 BTC.
• P2P Solutions foundation (P2PS) traded up 4.3% against the dollar and now trades at $178.72 or 0.00257587 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 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, “Optimism (OP) is a layer-two platform on Ethereum that improves dApp scalability and accessibility using “optimistic rollups”. OP allows dApps to offload computation and data storage to a separate layer, enabling low-cost, near-instantaneous Ethereum transactions. It was introduced in 2019 and has been used to develop financial apps, social networks, games, etc. The team behind Optimism is made up of blockchain developers and researchers, including Ethan Frey and James Ray, and is funded by venture capital firms and individual investors.”

Buying and Selling Optimism

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

OP/USD price chart by TradingView