OMG Network (OMG) Market Capitalization Achieves $11.64 Million

OMG Network (OMG) traded 2.5% lower against the U.S. dollar during the twenty-four hour period ending at 9:00 AM E.T. on January 16th. OMG Network has a market cap of $11.64 million and $1.97 million worth of OMG Network was traded on exchanges in the last 24 hours. One OMG Network token can currently be bought for $0.0830 or 0.00000087 BTC on major exchanges. During the last week, OMG Network has traded down 1.9% against the U.S. dollar.

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

• Cronos (CRO) traded 0.9% lower against the dollar and now trades at $0.10 or 0.00000106 BTC.
• Avalanche (AVAX) traded down 4% against the dollar and now trades at $13.78 or 0.00014435 BTC.
• Hedera (HBAR) traded down 4.1% against the dollar and now trades at $0.12 or 0.00000122 BTC.
• Internet Computer (ICP) traded down 2.5% against the dollar and now trades at $4.22 or 0.00004422 BTC.
• NEAR Protocol (NEAR) traded 4.7% lower against the dollar and now trades at $1.72 or 0.00001796 BTC.
• Cosmos (ATOM) traded 1.9% lower against the dollar and now trades at $2.48 or 0.00002595 BTC.
• Algorand (ALGO) traded 5.6% lower against the dollar and now trades at $0.13 or 0.00000133 BTC.
• Fetch.ai (FET) traded 3.9% lower against the dollar and now trades at $0.28 or 0.00000289 BTC.
• Theta Fuel (TFUEL) traded down 1.3% against the dollar and now trades at $0.0195 or 0.00000020 BTC.
• PayProtocol Paycoin (PCI) traded down 0.7% against the dollar and now trades at $0.0713 or 0.00000075 BTC.

OMG Network Profile

OMG Network (CRYPTO:OMG) uses the hashing algorithm. It launched 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. 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, “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:”

OMG Network Token Trading

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

OMG/USD price chart by TradingView