OmiseGo (OMG) is one of the coins that has taken advantage of the recent rebound in the crypto markets to post good figures in recent weeks. The past 24 hours has been huge in the market with premier coin Bitcoin hitting the $8700 in what was a surprise price spike.
The ripple effect of the sudden spike in value was seen today with most coins in the green after positive gains within this period. OmiseGo was not left out as the coin 7.79% to continue its recent bullish streak in May.
Omisego (OMG) Continues To Push Through With Its Aim To Bank The Unbanked
One of the major driving forces of the coin is its am to bank the unbanked n South East Asia and the crypto has a well-seasoned development team within its ranks.
The Ethereum based blockchain network has continued to work on the technical side of things in order to make its network accessible to users and developers. The crypto has continued to move forward with plans to implement lower transaction fees within its platform as incentives to attract new users.
In addition, OmiseGo has embarked on plans to develop a White-Label software development kit which would integrate novel payment solutions for DApps on its network.
OmiseGo Recently Launched A New Public Network (Samrong)
Just last week OmiseGo revealed that it would be migrating to a new public network named Samrong. Samrong is expected to improve the reliability of the platform and utilizes EIP 712 standards as its major protocol. This new development would allow the blockchain to meet new standards for the development of client libraries and DApps.
On the listing aspect, OmiseGo has also been listed in recent months on notable platforms such as Bithumb and Zebpay.
The coin has the potentials to continue its extended bullish run as it still has some exciting updates that are expected to be rolled out in 2019.
OmiSego (OMG) Price
- OmiseGo (OMG) is the 32nd largest coin in the crypto market.
- The ROI of BTT stands at positive 297.09 %.
- A total of 140,245,398 OMG coins are in current circulation.
- The current market cap as of press time stands at $297,790,950 USD.
- The value of each BTT coin in terms of USD and BTC stands at $2.12 USD and 0.00024159 BTC respectively.
- The current 24h volume at the same UTC stands at $102,540,600 USD.
OmiseGo (OMG) Price Comparison
OmiseGo has been quite stable hovering within the $2 mark in May with the coin looking to surge past the resistance point of $2.50. We expect the current bull run to continue and the coin s likely to attain the $3 at some point in June.
OmiseGo is one of the coins that have a sense of direction and this makes t a valuable coin to hodl for the long-term.