OMG Network (OMG) Market Cap Hits $89.31 Million

OMG Network (OMG) traded down 0% against the U.S. dollar during the 24 hour period ending at 7:00 AM ET on May 9th. OMG Network has a market cap of $89.31 million and approximately $10.67 million worth of OMG Network was traded on exchanges in the last 24 hours. One OMG Network token can now be purchased for about $0.64 or 0.00001045 BTC on cryptocurrency exchanges. During the last seven days, OMG Network has traded up 2.2% against the U.S. dollar.

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

• Avalanche (AVAX) traded down 1.8% against the dollar and now trades at $33.93 or 0.00055658 BTC.
• NEAR Protocol (NEAR) traded 1.6% lower against the dollar and now trades at $7.02 or 0.00011513 BTC.
• Internet Computer (ICP) traded down 2.6% against the dollar and now trades at $11.86 or 0.00019458 BTC.
• Hedera (HBAR) traded down 0.5% against the dollar and now trades at $0.11 or 0.00000175 BTC.
• Cosmos (ATOM) traded up 0.5% against the dollar and now trades at $8.94 or 0.00014668 BTC.
• Cronos (CRO) traded 1.6% lower against the dollar and now trades at $0.12 or 0.00000202 BTC.
• Fetch.ai (FET) traded 4.7% lower against the dollar and now trades at $2.15 or 0.00003528 BTC.
• Algorand (ALGO) traded down 1.5% against the dollar and now trades at $0.19 or 0.00000304 BTC.
• Akash Network (AKT) traded 7.3% higher against the dollar and now trades at $4.75 or 0.00007776 BTC.
• Theta Fuel (TFUEL) traded down 2.2% against the dollar and now trades at $0.11 or 0.00000176 BTC.

OMG Network Token Profile

OMG Network uses the hashing algorithm. It launched on June 23rd, 2017. OMG Network’s total supply is 140,245,398 tokens. The Reddit community for OMG Network is https://reddit.com/r/omgnetwork and the currency’s Github account can be viewed here. OMG Network’s official website is omg.network. OMG Network’s official Twitter account is @omgnetworkhq and its Facebook page is accessible 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 U.S. dollars. Investors seeking to trade OMG Network should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini 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