OMG Network (OMG) Trading Down 12.6% This Week

OMG Network (OMG) traded 1.5% lower against the U.S. dollar during the one day period ending at 7:00 AM E.T. on January 1st. OMG Network has a total market capitalization of $45.47 million and $5.73 million worth of OMG Network was traded on exchanges in the last day. One OMG Network token can now be purchased for about $0.32 or 0.00000348 BTC on exchanges. During the last seven days, OMG Network has traded down 12.6% against the U.S. dollar.

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

• Avalanche (AVAX) traded down 1.8% against the dollar and now trades at $35.50 or 0.00038054 BTC.
• Hedera (HBAR) traded 1.5% lower against the dollar and now trades at $0.27 or 0.00000287 BTC.
• NEAR Protocol (NEAR) traded 0.9% lower against the dollar and now trades at $4.98 or 0.00005338 BTC.
• Internet Computer (ICP) traded 1.5% lower against the dollar and now trades at $9.84 or 0.00010551 BTC.
• Cronos (CRO) traded 0.4% lower against the dollar and now trades at $0.14 or 0.00000152 BTC.
• Fetch.ai (FET) traded 2.2% lower against the dollar and now trades at $1.25 or 0.00001343 BTC.
• Algorand (ALGO) traded up 3.2% against the dollar and now trades at $0.34 or 0.00000359 BTC.
• Cosmos (ATOM) traded down 2.3% against the dollar and now trades at $6.17 or 0.00006612 BTC.
• Akash Network (AKT) traded 2.1% lower against the dollar and now trades at $2.80 or 0.00003006 BTC.
• Kava (KAVA) traded 2.7% lower against the dollar and now trades at $0.44 or 0.00000475 BTC.

OMG Network Token Profile

OMG Network (OMG) uses the hashing algorithm. Its genesis date was June 23rd, 2017. OMG Network’s total supply is 140,245,398 tokens. OMG Network’s official website is omg.network. OMG Network’s official Twitter account is @omgnetworkhq and its Facebook page is accessible here. 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 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 Gemini, Coinbase or GDAX. 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