Optimism Trading 13.8% Lower This Week (OP)

Optimism (OP) traded 1.8% lower against the U.S. dollar during the 24-hour period ending at 20:00 PM E.T. on July 28th. Optimism has a total market capitalization of $1.91 billion and $151.47 million worth of Optimism was traded on exchanges in the last 24 hours. One Optimism token can now be purchased for approximately $1.70 or 0.00002485 BTC on exchanges. In the last seven days, Optimism has traded down 13.8% against the U.S. dollar.

Here is how related cryptocurrencies have performed in the last 24 hours:

• KILT Protocol (KILT) traded down 0.6% against the dollar and now trades at $0.18 or 0.00000269 BTC.
• 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 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.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 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 0.3% higher against the dollar and now trades at $0.0135 or 0.00000020 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Optimism Token Profile

Optimism launched on November 11th, 2021. Optimism’s total supply is 4,294,967,296 tokens and its circulating supply is 1,121,728,540 tokens. The official website for Optimism is www.optimism.io. Optimism’s official Twitter account is @optimismfnd and its Facebook page is accessible here. Optimism’s official message board is optimism.mirror.xyz.

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 U.S. dollars. Investors seeking to trade Optimism should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Optimism using one of the aforementioned exchanges.

OP/USD price chart by TradingView