Optimism Price Reaches $1.52 (OP)

Optimism (OP) traded down 5.5% against the dollar during the 1-day period ending at 19:00 PM Eastern on November 1st. One Optimism token can now be purchased for about $1.52 or 0.00002185 BTC on cryptocurrency exchanges. During the last seven days, Optimism has traded 7.6% lower against the dollar. Optimism has a market cap of $1.90 billion and $10.27 million worth of Optimism was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed during 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 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.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded 1.4% lower against the dollar and now trades at $69,290.93 or 0.99901133 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 1.4% against the dollar and now trades at $69,250.69 or 0.99843123 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Optimism Profile

Optimism launched on 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. Optimism’s official message board 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 US dollars. Investors seeking to trade Optimism should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. 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