Optimism (OP) Hits Self Reported Market Capitalization of $467.98 Million

Optimism (OP) traded up 0.6% against the dollar during the 1-day period ending at 10:00 AM ET on January 25th. Optimism has a total market cap of $467.98 million and $348.04 million worth of Optimism was traded on exchanges in the last 24 hours. One Optimism token can currently be purchased for about $2.18 or 0.00009683 BTC on popular exchanges. During the last week, Optimism has traded 25% higher against the dollar.

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

• Aidi Finance (BSC) (AIDI) traded 7.9% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 5.2% against the dollar and now trades at $0.0582 or 0.00000258 BTC.
• CareCoin (CARES) traded 5.2% lower against the dollar and now trades at $0.0723 or 0.00000321 BTC.
• OmniaVerse (OMNIA) traded up 63.9% against the dollar and now trades at $0.0033 or 0.00000015 BTC.
• Kitty Inu (KITTY) traded 5.2% lower against the dollar and now trades at $89.47 or 0.00396998 BTC.
• Lunar (LNR) traded down 2.6% against the dollar and now trades at $0.0283 or 0.00000125 BTC.
• Hokkaidu Inu (HOKK) traded 12.6% higher against the dollar and now trades at $0.0005 or 0.00000002 BTC.
• QANplatform (QANX) traded 5.2% lower against the dollar and now trades at $6,279.88 or 0.27866357 BTC.
• 2G Carbon Coin (2GCC) traded 0% higher against the dollar and now trades at $135.84 or 0.00602777 BTC.
• Lego Coin (LEGO) traded down 6.8% against the dollar and now trades at $0.0405 or 0.00000180 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 214,748,364 tokens. The official message board for Optimism is optimism.mirror.xyz. The official website for Optimism is www.optimism.io. Optimism’s official Twitter account is @optimismfnd 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.”

Buying and Selling Optimism

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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Optimism using one of the exchanges listed above.