OMG Network Price Tops $0.21 on Exchanges (OMG)

OMG Network (OMG) traded 1.4% higher against the U.S. dollar during the 24-hour period ending at 8:00 AM E.T. on March 30th. One OMG Network token can currently be purchased for about $0.21 or 0.00000255 BTC on exchanges. OMG Network has a market capitalization of $29.70 million and $5.25 million worth of OMG Network was traded on exchanges in the last day. Over the last week, OMG Network has traded down 2.2% against the U.S. dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• Cronos (CRO) traded 6.9% higher against the dollar and now trades at $0.11 or 0.00000127 BTC.
• Avalanche (AVAX) traded down 1.9% against the dollar and now trades at $19.33 or 0.00023288 BTC.
• Hedera (HBAR) traded up 1.5% against the dollar and now trades at $0.17 or 0.00000206 BTC.
• NEAR Protocol (NEAR) traded up 4.8% against the dollar and now trades at $2.72 or 0.00003275 BTC.
• Internet Computer (ICP) traded 0.8% higher against the dollar and now trades at $5.40 or 0.00006503 BTC.
• Cosmos (ATOM) traded down 1.6% against the dollar and now trades at $4.32 or 0.00005202 BTC.
• Algorand (ALGO) traded up 0.3% against the dollar and now trades at $0.18 or 0.00000221 BTC.
• Fetch.ai (FET) traded down 0.3% against the dollar and now trades at $0.48 or 0.00000574 BTC.
• Kava (KAVA) traded up 1.5% against the dollar and now trades at $0.43 or 0.00000512 BTC.
• Akash Network (AKT) traded 0.2% lower against the dollar and now trades at $1.21 or 0.00001456 BTC.

OMG Network Token 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. 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, “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 purchase alternative cryptocurrencies such as OMG Network directly using U.S. dollars. Investors seeking to trade OMG Network should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase OMG Network using one of the aforementioned exchanges.

OMG/USD price chart by TradingView