OMG Network (OMG) Market Capitalization Reaches $33.99 Million

OMG Network (OMG) traded 5.8% lower against the U.S. dollar during the 24 hour period ending at 15:00 PM E.T. on October 2nd. OMG Network has a market capitalization of $33.99 million and $7.03 million worth of OMG Network was traded on exchanges in the last day. During the last seven days, OMG Network has traded down 20.5% against the U.S. dollar. One OMG Network token can currently be bought for $0.24 or 0.00000402 BTC on popular cryptocurrency exchanges.

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

• Avalanche (AVAX) traded down 4.2% against the dollar and now trades at $25.15 or 0.00041681 BTC.
• NEAR Protocol (NEAR) traded 5.9% lower against the dollar and now trades at $4.60 or 0.00007625 BTC.
• Internet Computer (ICP) traded 5.3% lower against the dollar and now trades at $7.95 or 0.00013170 BTC.
• Cronos (CRO) traded 2.2% lower against the dollar and now trades at $0.0783 or 0.00000130 BTC.
• Hedera (HBAR) traded 4.8% lower against the dollar and now trades at $0.0511 or 0.00000085 BTC.
• Cosmos (ATOM) traded 2% lower against the dollar and now trades at $4.38 or 0.00007257 BTC.
• Fetch.ai (FET) traded 6.1% lower against the dollar and now trades at $1.40 or 0.00002324 BTC.
• Algorand (ALGO) traded down 4.4% against the dollar and now trades at $0.12 or 0.00000198 BTC.
• Akash Network (AKT) traded down 5.5% against the dollar and now trades at $2.51 or 0.00004121 BTC.
• Theta Fuel (TFUEL) traded 6.1% lower against the dollar and now trades at $0.0584 or 0.00000097 BTC.

About OMG Network

OMG Network (OMG) uses the hashing algorithm. Its launch 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, “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 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 Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase OMG Network using one of the aforementioned exchanges.

OMG/USD price chart by TradingView