OMG Network (OMG) Market Capitalization Achieves $90.81 Million

OMG Network (OMG) traded down 1.6% against the US dollar during the 1 day period ending at 16:00 PM Eastern on May 8th. One OMG Network token can now be bought for about $0.65 or 0.00001052 BTC on exchanges. OMG Network has a market cap of $90.81 million and $12.46 million worth of OMG Network was traded on exchanges in the last day. Over the last week, OMG Network has traded up 6.9% against the US dollar.

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

• Avalanche (AVAX) traded down 6.4% against the dollar and now trades at $33.88 or 0.00055033 BTC.
• NEAR Protocol (NEAR) traded 7.5% lower against the dollar and now trades at $6.81 or 0.00011066 BTC.
• Internet Computer (ICP) traded 4.4% lower against the dollar and now trades at $12.05 or 0.00019579 BTC.
• Hedera (HBAR) traded 4.2% lower against the dollar and now trades at $0.11 or 0.00000172 BTC.
• Cosmos (ATOM) traded 1.9% lower against the dollar and now trades at $9.05 or 0.00014707 BTC.
• Cronos (CRO) traded down 2.3% against the dollar and now trades at $0.13 or 0.00000203 BTC.
• Fetch.ai (FET) traded 11% lower against the dollar and now trades at $2.13 or 0.00003462 BTC.
• Algorand (ALGO) traded 4.2% lower against the dollar and now trades at $0.19 or 0.00000304 BTC.
• Akash Network (AKT) traded down 9% against the dollar and now trades at $4.28 or 0.00006892 BTC.
• Theta Fuel (TFUEL) traded down 0.8% against the dollar and now trades at $0.11 or 0.00000176 BTC.

About OMG Network

OMG uses the hashing algorithm. Its launch date was June 23rd, 2017. OMG Network’s total supply is 140,245,398 tokens. OMG Network’s official Twitter account is @omgnetworkhq and its Facebook page is accessible here. 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.

According to CryptoCompare, “OMG Network (OMG) is a decentralized, public network built to enable high throughput, low-cost peer-to-peer transactions. Leveraging Layer-2 Plasma architecture, it provides scalability and strong safety guarantees for building decentralized payment apps on Ethereum. $OMG is the native token used for transactions and paying fees on the network. The Community Points Engine (CPE) allows communities to create scalable points and rewards systems using the network in a trustless manner. The project was founded by Jun Hasegawa and Ezra Don Harinsut in 2013.”

OMG Network Token Trading

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

OMG/USD price chart by TradingView