Optimism Price Tops $1.10 (OP)

Optimism (OP) traded 3.2% lower against the US dollar during the 1-day period ending at 7:00 AM E.T. on February 6th. One Optimism token can now be bought for $1.10 or 0.00001111 BTC on popular cryptocurrency exchanges. In the last week, Optimism has traded 26% lower against the US dollar. Optimism has a total market cap of $1.48 billion and approximately $165.82 million worth of Optimism was traded on exchanges in the last 24 hours.

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

• GMX (GMX) traded up 0.8% against the dollar and now trades at $17.24 or 0.00017471 BTC.
• 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 1.2% higher 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.
• SolvBTC (SOLVBTC) traded 0.7% higher against the dollar and now trades at $98,722.80 or 1.00061286 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 1.2% higher against the dollar and now trades at $98,425.93 or 0.99760389 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.

About Optimism

Optimism was first traded on November 11th, 2021. Optimism’s total supply is 4,294,967,296 tokens and its circulating supply is 1,351,719,035 tokens. The official message board for Optimism is optimism.mirror.xyz. Optimism’s official Twitter account is @optimism and its Facebook page is accessible here. 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 buy alternative cryptocurrencies such as Optimism directly using US dollars. Investors seeking to acquire Optimism should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Optimism using one of the exchanges listed above.

OP/USD price chart by TradingView