Looking at the crypto market there are only a few projects that are considered more viable than OmiseGo (OMG). The Ethereum based crypto aims at using blockchain technology to provide real-time payment services to places that have little access to traditional financial services.
Since its launch in 2017, the coin has been one of the best performing coins in the market and has also reacted well since the crypto market rebound in March.
It was recently revealed by the OmiseGo that had seen over 1.5million transactions had been performed on its blockchain network, Ari. This is remarkable as Ari was only just launched at the beginning of the year.
OmiseGo continues to make improvements to its blockchain with a second network named ‘Samrong’ launched towards the end of last month.
Samsrong is expected to replace Ari as the major network with the new network providing better support to users and developers. While also allowing the coin to make improvements to its eWallet.
These technical improvements have seen OmiseGo (OMG) push through as one of the serious blockchain projects in the crypto space. This is not surprising given that the coin is backed by Omise, one of the largest e-commerce platform in South East Asia.
The technical updates, as well as the partnerships made by OmiseGo, has brought about a good balance to the value of the coin.
OmiseGo (OMG) Current Price
OmiseGo (OMG) is the 33rd largest coin in the crypto market.
- The ROI of ETN stands at negative 333.66%.
- A total of 140,245,398 OMG ETN coins are in current circulation.
- The current market cap as on 3rd June 12:26 UTC stands at $317,718,091 USD.
- The value of each OMG coin in terms of USD and BTC stands at $2.27 USD and 0.00026534 BTC respectively.
- The current 24h volume at the same UTC stands at $129,414,018 USD.
OmiseGo (OMG) Price Comparison
OmiseGo (OMG) has shown a significant increase in price within the past month which shows that a bullish run could be on the way.
The market cap a month ago in 3rd May was $237,734,949 and the value of the coin stood at $1.70 USD and 0.00028314 BTC. The current market cap and value of the coin is up almost 30% from the figures for last month.
OmiseGo (OMG) Price Prediction
The coin has a current resistance point of $2.30 USD which we expect the coin to overcome in the coming days. We can presume based on the current trend that OmiseGo is bound to embark on a bullish run in June.
Cryptocurrency Market Situation
The present market situation is baffling, due to the fact that Bitcoin and other top digital currencies are all in red. During the weekend, the cryptocurrency market returned from a downturn market which started during the week days.
Today, However, after the weekend recovery, Bitcoin nosedived, resulting in the digital currency to be trading around $8500 while others are also trading lower than the weekend price.