OMG Network Price Reaches $0.20 on Exchanges (OMG)

OMG Network (OMG) traded down 2.2% against the dollar during the 24 hour period ending at 8:00 AM E.T. on April 3rd. OMG Network has a market cap of $28.23 million and $7.97 million worth of OMG Network was traded on exchanges in the last day. During the last seven days, OMG Network has traded down 9.6% against the dollar. One OMG Network token can now be bought for about $0.20 or 0.00000242 BTC on exchanges.

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

• Cronos (CRO) traded down 8.5% against the dollar and now trades at $0.0950 or 0.00000114 BTC.
• Avalanche (AVAX) traded 6.1% lower against the dollar and now trades at $18.13 or 0.00021800 BTC.
• Hedera (HBAR) traded 4.2% lower against the dollar and now trades at $0.16 or 0.00000192 BTC.
• NEAR Protocol (NEAR) traded down 7.4% against the dollar and now trades at $2.39 or 0.00002872 BTC.
• Internet Computer (ICP) traded 4.7% lower against the dollar and now trades at $5.03 or 0.00006046 BTC.
• Cosmos (ATOM) traded down 0.4% against the dollar and now trades at $4.34 or 0.00005214 BTC.
• Algorand (ALGO) traded 6.7% lower against the dollar and now trades at $0.17 or 0.00000209 BTC.
• Fetch.ai (FET) traded down 6% against the dollar and now trades at $0.42 or 0.00000511 BTC.
• Kava (KAVA) traded up 5.9% against the dollar and now trades at $0.41 or 0.00000493 BTC.
• Akash Network (AKT) traded down 11.3% against the dollar and now trades at $1.11 or 0.00001340 BTC.

OMG Network Profile

OMG Network uses the hashing algorithm. It launched on June 23rd, 2017. OMG Network’s total supply is 140,245,398 tokens. The official website for OMG Network 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, “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 purchase alternative cryptocurrencies such as OMG Network directly using US dollars. Investors seeking to acquire OMG Network should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase OMG Network using one of the exchanges listed above.

OMG/USD price chart by TradingView