OmiseGo (OMG) is one coin that has been on a steady increase in 2019 as it has recovered drastically from the bearish outlook towards the end of last year. OMG increase in trading was evident in the past 24 hours where the coin achieved $90.64 million.
The coin currently trades on some of the largest crypto exchanges including AirSwap and CoinBene. OMG gained 0.7% on the dollar during this 24-hour period. This gain saw the coin hold at $1.87 in the trade market.
OmiseGo (OMG) recently refuted claims about the sale of Omise
OmiseGo trading volume suggests that there is renewed confidence in the coin among investors. The blockchain has had a busy month in which it had to wade of reports that its parent company Omise had been sold to Charoen Pokphand Group the largest private company in Thailand. OmiseGo issued a statement refuting the report and demanded an apology from the publisher.
Despite this, the blockchain continues to move forward with different developments geared towards its aim of banking the unbanked in South East Asia.
OmiseGo (OMG) developing new innovations within its platform
The crypto has continued to champion the implementation of cheaper transaction fees within its platform. its cross-border proof-of-concept has been implemented by a few organizations within the region.
There have also been new developments by OmiseGo to develop a White-Label software development kit which would improve the current payment process for DApps. Plasma is one of the major projects that OmiseGo has put a lot of effort into as it seeks to achieve scalability on its network.
OmiseGo (OMG) recently revealed the release of its Alpha Plasma update named Ari. According to the blockchain platform Ari had been developed to a stage that it would provide the necessary requirements needed for public testing.
Conclusion
These developments above have seen crypto analysts make bold predictions about the future of the coin in 2019.
Today’s Gazette wrote an article some time ago about a pending bullish run in store for the coin and with the second quarter less than a week from today the coin is well positioned to make good gains.
