OMG Network Achieves Market Cap of $93.09 Million (OMG)

OMG Network (OMG) traded up 4.5% against the US dollar during the 1-day period ending at 7:00 AM ET on May 4th. One OMG Network token can now be bought for approximately $0.66 or 0.00001034 BTC on exchanges. OMG Network has a market cap of $93.09 million and approximately $13.48 million worth of OMG Network was traded on exchanges in the last 24 hours. During the last week, OMG Network has traded up 2.4% against the US dollar.

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

• Avalanche (AVAX) traded up 7.2% against the dollar and now trades at $35.96 or 0.00056005 BTC.
• NEAR Protocol (NEAR) traded 11.9% higher against the dollar and now trades at $6.90 or 0.00010750 BTC.
• Internet Computer (ICP) traded up 3.3% against the dollar and now trades at $13.45 or 0.00020950 BTC.
• Hedera (HBAR) traded up 6.6% against the dollar and now trades at $0.11 or 0.00000171 BTC.
• Cronos (CRO) traded up 5.4% against the dollar and now trades at $0.13 or 0.00000210 BTC.
• Cosmos (ATOM) traded up 1% against the dollar and now trades at $8.79 or 0.00013696 BTC.
• Fetch.ai (FET) traded up 13.2% against the dollar and now trades at $2.23 or 0.00003475 BTC.
• Algorand (ALGO) traded 6.4% higher against the dollar and now trades at $0.19 or 0.00000301 BTC.
• Akash Network (AKT) traded up 8.8% against the dollar and now trades at $4.37 or 0.00006798 BTC.
• Kava (KAVA) traded up 4.2% against the dollar and now trades at $0.69 or 0.00001072 BTC.

OMG Network Token Profile

OMG Network (CRYPTO: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, “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 Coinbase, Gemini or Changelly. 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