OMG Network Price Reaches $0.0800 on Top Exchanges (OMG)

OMG Network (OMG) traded 0.8% higher against the U.S. dollar during the 24-hour period ending at 8:00 AM E.T. on December 31st. One OMG Network token can now be purchased for about $0.0800 or 0.00000090 BTC on cryptocurrency exchanges. OMG Network has a total market cap of $11.21 million and $1.84 million worth of OMG Network was traded on exchanges in the last 24 hours. During the last week, OMG Network has traded 1.4% higher against the U.S. dollar.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Cronos (CRO) traded 1.7% lower against the dollar and now trades at $0.0915 or 0.00000103 BTC.
• Avalanche (AVAX) traded 0.3% higher against the dollar and now trades at $12.53 or 0.00014120 BTC.
• Hedera (HBAR) traded 2.1% lower against the dollar and now trades at $0.11 or 0.00000123 BTC.
• NEAR Protocol (NEAR) traded 1.7% lower against the dollar and now trades at $1.51 or 0.00001701 BTC.
• Internet Computer (ICP) traded down 4.2% against the dollar and now trades at $2.80 or 0.00003151 BTC.
• Algorand (ALGO) traded down 3.5% against the dollar and now trades at $0.11 or 0.00000126 BTC.
• Cosmos (ATOM) traded 1% lower against the dollar and now trades at $1.96 or 0.00002205 BTC.
• Fetch.ai (FET) traded 0.8% lower against the dollar and now trades at $0.21 or 0.00000233 BTC.
• PayProtocol Paycoin (PCI) traded down 0.1% against the dollar and now trades at $0.0682 or 0.00000077 BTC.
• Theta Fuel (TFUEL) traded 0.2% higher against the dollar and now trades at $0.0177 or 0.00000020 BTC.

OMG Network Token Profile

OMG Network (CRYPTO:OMG) uses the hashing algorithm. It was first traded on 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. OMG Network’s official website 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, “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 possible to buy alternative cryptocurrencies such as OMG Network directly using US dollars. Investors seeking to trade OMG Network should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy OMG Network using one of the aforementioned exchanges.

OMG/USD price chart by TradingView