OMG Network Hits Market Capitalization of $48.50 Million (OMG)

OMG Network (OMG) traded 0.7% higher against the dollar during the 1 day period ending at 17:00 PM E.T. on July 2nd. One OMG Network token can currently be bought for $0.35 or 0.00000558 BTC on major exchanges. During the last week, OMG Network has traded 0% higher against the dollar. OMG Network has a total market cap of $48.50 million and $9.15 million worth of OMG Network was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed during the last day:

• Avalanche (AVAX) traded 2.8% lower against the dollar and now trades at $28.47 or 0.00045973 BTC.
• NEAR Protocol (NEAR) traded 4.1% higher against the dollar and now trades at $5.54 or 0.00008938 BTC.
• Internet Computer (ICP) traded 3.5% lower against the dollar and now trades at $7.88 or 0.00012715 BTC.
• Hedera (HBAR) traded up 2.1% against the dollar and now trades at $0.0786 or 0.00000127 BTC.
• Cosmos (ATOM) traded up 0.2% against the dollar and now trades at $6.82 or 0.00011011 BTC.
• Cronos (CRO) traded 1.3% lower against the dollar and now trades at $0.0904 or 0.00000146 BTC.
• Fetch.ai (FET) traded down 0.6% against the dollar and now trades at $1.33 or 0.00002146 BTC.
• Algorand (ALGO) traded up 1.2% against the dollar and now trades at $0.15 or 0.00000241 BTC.
• Akash Network (AKT) traded up 2.4% against the dollar and now trades at $3.75 or 0.00006058 BTC.
• Theta Fuel (TFUEL) traded down 0.6% against the dollar and now trades at $0.0765 or 0.00000123 BTC.

About 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, “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.”

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 GDAX, Gemini or Changelly. 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