OMG Network Achieves Market Cap of $47.77 Million (OMG)

OMG Network (OMG) traded 10.4% lower against the dollar during the 1 day period ending at 16:00 PM ET on June 18th. One OMG Network token can now be bought for about $0.34 or 0.00000525 BTC on cryptocurrency exchanges. OMG Network has a market capitalization of $47.77 million and approximately $15.31 million worth of OMG Network was traded on exchanges in the last day. During the last week, OMG Network has traded down 17.5% against the dollar.

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

• Avalanche (AVAX) traded 7.4% lower against the dollar and now trades at $26.46 or 0.00040823 BTC.
• NEAR Protocol (NEAR) traded down 9% against the dollar and now trades at $4.71 or 0.00007264 BTC.
• Internet Computer (ICP) traded down 8% against the dollar and now trades at $8.17 or 0.00012596 BTC.
• Hedera (HBAR) traded down 5.7% against the dollar and now trades at $0.0768 or 0.00000118 BTC.
• Cosmos (ATOM) traded down 6.6% against the dollar and now trades at $6.57 or 0.00010143 BTC.
• Cronos (CRO) traded down 3.1% against the dollar and now trades at $0.0918 or 0.00000142 BTC.
• Fetch.ai (FET) traded down 10.8% against the dollar and now trades at $1.19 or 0.00001835 BTC.
• Algorand (ALGO) traded 9.9% lower against the dollar and now trades at $0.13 or 0.00000204 BTC.
• Akash Network (AKT) traded 14.6% lower against the dollar and now trades at $2.59 or 0.00004030 BTC.
• Kava (KAVA) traded 13.2% lower against the dollar and now trades at $0.44 or 0.00000683 BTC.

OMG Network 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 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 currently possible to purchase alternative cryptocurrencies such as OMG Network directly using US dollars. Investors seeking to trade OMG Network should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. 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