OMG Network Hits Market Capitalization of $29.64 Million (OMG)

OMG Network (OMG) traded 3.7% higher against the US dollar during the 24-hour period ending at 14:00 PM E.T. on August 5th. One OMG Network token can currently be purchased for about $0.21 or 0.00000394 BTC on popular exchanges. During the last week, OMG Network has traded 20% lower against the US dollar. OMG Network has a total market capitalization of $29.64 million and $18.69 million worth of OMG Network was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed during the last day:

• Avalanche (AVAX) traded 6.8% lower against the dollar and now trades at $19.67 or 0.00036640 BTC.
• NEAR Protocol (NEAR) traded 14% lower against the dollar and now trades at $3.51 or 0.00006539 BTC.
• Internet Computer (ICP) traded down 2.5% against the dollar and now trades at $7.11 or 0.00013246 BTC.
• Cronos (CRO) traded down 5.9% against the dollar and now trades at $0.0742 or 0.00000138 BTC.
• Hedera (HBAR) traded down 4.6% against the dollar and now trades at $0.0522 or 0.00000097 BTC.
• Cosmos (ATOM) traded 5.2% lower against the dollar and now trades at $4.68 or 0.00008709 BTC.
• Algorand (ALGO) traded 2.1% lower against the dollar and now trades at $0.11 or 0.00000206 BTC.
• Fetch.ai (FET) traded down 13.4% against the dollar and now trades at $0.79 or 0.00001469 BTC.
• Akash Network (AKT) traded 5.5% lower against the dollar and now trades at $2.06 or 0.00003784 BTC.
• Theta Fuel (TFUEL) traded down 4.4% against the dollar and now trades at $0.0493 or 0.00000092 BTC.

OMG Network Profile

OMG uses the hashing algorithm. It launched on June 23rd, 2017. OMG Network’s total supply is 140,245,398 tokens. OMG Network’s official website 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. OMG Network’s official Twitter account is @omgnetworkhq and its Facebook page is accessible 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 purchase alternative cryptocurrencies such as OMG Network directly using U.S. dollars. Investors seeking to trade OMG Network should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase OMG Network using one of the exchanges listed above.

OMG/USD price chart by TradingView