What Is Optimism?
Ethereum is one of the most centralized and secure blockchains in use today. The network is designed around three characteristics: decentralization, security, and scalability, to keep everything operating properly. The Ethereum governing board decided to forego scalability in favor of security and decentralization to maintain the network’s functionality.
As of the time of this writing, Ethereum can no longer process more than a million transactions per day. The Ethereum network can no longer scale and will consequently become crowded.
Users on the Ethereum network engage in a bidding war in an effort to get their transactions included in the next block if block space becomes limited.
As a result, the cost of gas increases, making it far more difficult for the average user to profit from a transaction. Optimism is the first layer of scaling for Ethereum that reduces gas expenses, carried out through optimistic rollups.
What is optimism crypto?
Optimism is called the layer two scaling solution. Optimistic rollups is a method that divides massive volumes of transaction data into manageable portions and power this system. In contrast to Ethereum, Optimism is considerably more affordable to use. Its popularity is rising alongside other layer 2s like Arbitrum and Polygon.
Who created the Optimism token?
Optimism was created in 2019 and eventually began operating its network in 2021. It didn’t have a crypto token of its own at first. The ERC-20 token OP, the native cryptocurrency of Optimism, was released in May 2022. Jinglan Wang serves as both co-founder and CEO at Optimism.
Where is Optimism located?
Optimism is located in New York, New York. There are, in total, six investors in Optimism, including Nascent and Wintermute. The financing for Optimism has increased remarkably to $178.5M. On March 17, 2022, Optimism closed its final round of investment from a Series B round.
Is Optimism a good investment?
According to some AI cryptocurrency specialists, OP does not seem to be a great investment for making money and will continue to decline in the future. Since the future of this virtual currency is bleak, we advise people should looking for other ventures to diversify their portfolio. This seems a little shocking, but it is today’s truth.
Optimism crypto Price Prediction
A great way to anticipate the long-term direction of any cryptocurrency’s price is to compare it to other significant technology. It demonstrates that from the year 2025 to 2030, Optimism’s growth trajectory would have mirrored the expansion of the internet.
The most optimistic projection for the price of OP in the coming years, assuming it grows at the same rate as Facebook, is $ 42.36. If Optimism follows Internet growth, the prediction for 20 would be $β―4.86.
Is Optimism safe?
Optimism, the second layer used by Ethereum, is where transactions are calculated. This lowers expenses. Nevertheless, transactional data is subsequently sent to Layer 1. In other words, Optimism enjoys the same security advantages as standard Ethereum applications.
Coin-Labs has signed a business partner agreement with Bitget Exchange in 2021. Therefore, if you sign up for the Bitget Exchange through Coin-Labs, you can participate in several events with highest commission level and bonuses of up to 4,163 USDT.
How to buy Optimism
By following the given steps, you will be able to buy an Optimism token:
Sign up
Create an account or download the Bitget app to begin the sign-up process. In signing up, you will need a valid ID, and you might also be asked for evidence of your address, so be prepared with both.
Include a payment option
By connecting to the payment method box, you will be able to make a payment connection. You can use a debit card or utilize your bank account for this purpose.
Start a trade
Bitget offers a variety of trading, like futures trading and spot trading. You can choose according to your own interests and research.
List of assets
To find Optimism, use the Buy panel and click on it. On the Bitget mobile app, first, you need to type in “optimism.” Tap Optimism to access the buy screen when it appears in the search results.
Put in the right amount
Enter the amount that is required to purchase in your native currency. There will be a number pad. You can use that.
Complete your purchase
When ready, select “Preview before buying.” The details of your purchase will be displayed. By choosing “Buy now,” you can confirm your purchase after ensuring everything is in order.
We Coin-Labs provides only objective information about Optimism.
Therefore, we are not responsible for the investment decision in Optimism and the resulting loss.
Optimism Basics
Here are some factors that investors should consider before investing in Optimism.
| Cryptocurrency Features | Optimism (OP) |
|---|---|
| Publisher or Developers | Jinglan Wang |
| Headquarters (Registration Number) | USA |
| Symbol | OP |
| Platform | ETH |
| Published Date (CMC Registration) | 2022-05-31 |
| Max Supply | 4,294,967,296 OP |
Reliability Score of Optimism in 2023
These are indexes mesuring the investment reliability of Optimism conducted by Coin-Labs.
| Investment Reliability Rating Items | Scores and Current Status |
|---|---|
| Company Activation Rate | / 10.0 CAR |
| Communication Rate | / 10.0 CR |
| Technology Transparency Rate | / 10.0 TTR |
| Development Participation Rate | / 10.0 DPR |
| Listing Status on the World's Top 10 Exchanges | Listed on 7 Exchanges |
| Number of Available Pairs Worldwide | 218 Pairs |
| Market Cap of the Cryptocurrency | 911,089,924,598 KRW (Rank #66) |
The table above shows the result of investment suitability evaluation for Optimism.
More descriptions about the rating items can be found here.
Optimism Price
Here are the price and recent trading volume of Optimism. (Data of 2023-03-30 14:02:24)
| Price Items | Price and Trading Volume of Optimism |
|---|---|
| Optimism Price | 2,893.781 KRW |
| Price Change 24h | -1.40% |
| Price Change 7d | -10.57% |
| Trading Volume 24h | 225,966,651,854 KRW |
| Trading Volume Change 24h | 17.88% |
Cryptocurrency Metadata
You can check the development status and social media information of Optimism through the links in the table below.
| Metadata Source | URL |
|---|---|
| π Official Website | https://www.optimism.io/ |
| π White Paper | |
| π°οΈ Source Code (GitHub) | https://github.com/ethereum-optimism/ |
| π¦ Twitter | https://twitter.com/optimismFND |
| π€ Reddit | |
| πΊ Message Board | https://optimism.mirror.xyz/ |
Where to Buy Optimism
Here are the top ten world crypto exchanges where traders can buy Optimism in 2023.
| Top10 Exchanges | Listed Status | Page URL |
|---|---|---|
| Binance | Listed | https://www.binance.com/en/trade/OP_BTC?theme=dark&type=spot |
| Coinbase | Listed | https://pro.coinbase.com/trade/OP-USD |
| Kraken | Not listed | |
| KuCoin | Listed | https://www.kucoin.com/ko/trade/OP-USDT |
| Bitfinex | Not listed | |
| OKX | Listed | https://www.okx.com/trade-spot/op-usdt |
| Huobi | Listed | https://www.huobi.com/en-us/exchange/op_usdt |
| Bitstamp | Not listed | |
| Bybit | Listed | https://www.bybit.com/en-US/trade/spot/OP/USDT |
| Gate.io | Listed | https://www.gate.io/trade/OP_USDT |
Frequently Asked Questions
What is the current price of Optimism?
Optimism price today is 2,893.781 KRW. Furthermore, the price of Optimism has fluctuated by -1.40% from 24 hours ago, and by -10.57% from a week ago.
Where is Optimism listed?
Currently, it is listed on a total of 7 among the world top 10 exchanges.
What is the market cap of Optimism now?
Currently, Optimism has a market cap of 911,089,924,598 KRW, which is ranking 66 among cryptocurrencies worldwide.
How much is the trade volume of Optimism?
Currently, 314,844,141 OP coins are circulating through 218 market pairs. As a result, in the last 24 hours, 225,966,651,854 KRW of OP coins were traded in the market.
