OMG Network Market Capitalization Tops $30.89 Million (OMG)

OMG Network (OMG) traded 0.4% higher against the dollar during the one day period ending at 7:00 AM Eastern on March 22nd. OMG Network has a total market capitalization of $30.89 million and $4.90 million worth of OMG Network was traded on exchanges in the last day. One OMG Network token can currently be purchased for approximately $0.22 or 0.00000261 BTC on popular exchanges. In the last seven days, OMG Network has traded 7% higher against the dollar.

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

• Avalanche (AVAX) traded up 4.8% against the dollar and now trades at $19.45 or 0.00023086 BTC.
• Hedera (HBAR) traded 0% higher against the dollar and now trades at $0.18 or 0.00000219 BTC.
• NEAR Protocol (NEAR) traded up 3% against the dollar and now trades at $2.78 or 0.00003303 BTC.
• Internet Computer (ICP) traded 1.8% higher against the dollar and now trades at $5.79 or 0.00006868 BTC.
• Cronos (CRO) traded 2.7% higher against the dollar and now trades at $0.0798 or 0.00000095 BTC.
• Cosmos (ATOM) traded up 5.4% against the dollar and now trades at $4.77 or 0.00005664 BTC.
• Algorand (ALGO) traded up 0% against the dollar and now trades at $0.19 or 0.00000225 BTC.
• Fetch.ai (FET) traded up 2.3% against the dollar and now trades at $0.52 or 0.00000615 BTC.
• Kava (KAVA) traded 0.3% higher against the dollar and now trades at $0.55 or 0.00000654 BTC.
• Akash Network (AKT) traded 7.2% higher against the dollar and now trades at $1.26 or 0.00001494 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. The official website for OMG Network is omg.network. OMG Network’s official Twitter account is @omgnetworkhq and its Facebook page is accessible here. 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, “OmiseGO is building a decentralized exchange, liquidity provider mechanism, clearinghouse messaging network, and asset-backed blockchain gateway. OmiseGO is not owned by any single one party. Instead, it is an open distributed network of validators that enforce the behavior of all participants. It uses the mechanism of a protocol token to create a proof-of-stake blockchain to enable enforcement of market activity amongst participants.Owning OMG tokens buys the right to validate this blockchain, within its consensus rules. Transaction fees on the network including payment, interchange, trading, and clearinghouse use, are given to non-faulty validators who enforce bonded contract states. The token will have value derived from the fees derived from this network, with the obligation/cost of providing validation to its users.OMG rebrand:”

Buying and Selling OMG Network

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

OMG/USD price chart by TradingView