Optimism (OP) Price Hits $1.00 on Major Exchanges

Optimism (OP) traded 3.3% higher against the US dollar during the twenty-four hour period ending at 7:00 AM ET on March 6th. One Optimism token can currently be purchased for approximately $1.00 or 0.00001103 BTC on major cryptocurrency exchanges. Over the last week, Optimism has traded 13.7% lower against the US dollar. Optimism has a market cap of $1.62 billion and $183.35 million worth of Optimism was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Taiko (TAIKO) traded up 1.2% against the dollar and now trades at $0.84 or 0.00000925 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 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 0.4% higher against the dollar and now trades at $90,608.15 or 0.99858322 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.6% higher against the dollar and now trades at $90,078.99 or 0.99275138 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 1,620,705,846 tokens. Optimism’s official message board is optimism.mirror.xyz. Optimism’s official Twitter account is @optimism and its Facebook page is accessible here. Optimism’s official website 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 presently possible to purchase alternative cryptocurrencies such as Optimism directly using US dollars. Investors seeking to trade Optimism should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Optimism using one of the aforementioned exchanges.

OP/USD price chart by TradingView