OMG Network (OMG) Price Hits $0.24 on Major Exchanges

OMG Network (OMG) traded 2.5% lower against the U.S. dollar during the 1-day period ending at 19:00 PM E.T. on August 1st. Over the last seven days, OMG Network has traded down 2.3% against the U.S. dollar. One OMG Network token can now be bought for about $0.24 or 0.00000374 BTC on cryptocurrency exchanges. OMG Network has a market cap of $34.09 million and approximately $11.44 million worth of OMG Network was traded on exchanges in the last 24 hours.

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

• Avalanche (AVAX) traded down 1% against the dollar and now trades at $25.55 or 0.00039298 BTC.
• NEAR Protocol (NEAR) traded down 0.5% against the dollar and now trades at $4.96 or 0.00007633 BTC.
• Internet Computer (ICP) traded down 1.5% against the dollar and now trades at $8.89 or 0.00013678 BTC.
• Cronos (CRO) traded 0.7% higher against the dollar and now trades at $0.0872 or 0.00000134 BTC.
• Hedera (HBAR) traded 0.7% higher against the dollar and now trades at $0.0634 or 0.00000098 BTC.
• Cosmos (ATOM) traded 0.4% lower against the dollar and now trades at $5.80 or 0.00008915 BTC.
• Fetch.ai (FET) traded 1.3% lower against the dollar and now trades at $1.14 or 0.00001757 BTC.
• Algorand (ALGO) traded down 1.1% against the dollar and now trades at $0.13 or 0.00000207 BTC.
• Akash Network (AKT) traded 2.3% higher against the dollar and now trades at $2.92 or 0.00004479 BTC.
• Theta Fuel (TFUEL) traded 0.6% higher against the dollar and now trades at $0.0644 or 0.00000099 BTC.

OMG Network Profile

OMG Network uses the hashing algorithm. Its launch date was June 23rd, 2017. OMG Network’s total supply is 140,245,398 tokens. OMG Network’s official Twitter account is @omgnetworkhq and its Facebook page is accessible here. The official website for OMG Network is omg.network. The Reddit community for OMG Network is https://reddit.com/r/omgnetwork and the currency’s Github account can be viewed here.

According to CryptoCompare, “OMG Network (OMG) is a decentralized, public network built to enable high throughput, low-cost peer-to-peer transactions. Leveraging Layer-2 Plasma architecture, it provides scalability and strong safety guarantees for building decentralized payment apps on Ethereum. $OMG is the native token used for transactions and paying fees on the network. The Community Points Engine (CPE) allows communities to create scalable points and rewards systems using the network in a trustless manner. The project was founded by Jun Hasegawa and Ezra Don Harinsut in 2013.”

Buying and Selling OMG Network

It is usually not currently possible to buy alternative cryptocurrencies such as OMG Network directly using US dollars. Investors seeking to acquire OMG Network should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy OMG Network using one of the aforementioned exchanges.

OMG/USD price chart by TradingView