OMG Network Trading Down 14% This Week (OMG)

OMG Network (OMG) traded 5.9% lower against the US dollar during the 1-day period ending at 19:00 PM E.T. on August 2nd. OMG Network has a market capitalization of $32.15 million and $11.19 million worth of OMG Network was traded on exchanges in the last day. One OMG Network token can currently be purchased for $0.23 or 0.00000375 BTC on cryptocurrency exchanges. Over the last week, OMG Network has traded down 14% against the US dollar.

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

• Avalanche (AVAX) traded 8.1% lower against the dollar and now trades at $23.55 or 0.00038487 BTC.
• NEAR Protocol (NEAR) traded down 7.9% against the dollar and now trades at $4.61 or 0.00007532 BTC.
• Internet Computer (ICP) traded 6.3% lower against the dollar and now trades at $8.36 or 0.00013666 BTC.
• Cronos (CRO) traded down 4.5% against the dollar and now trades at $0.0832 or 0.00000136 BTC.
• Hedera (HBAR) traded 6.7% lower against the dollar and now trades at $0.0592 or 0.00000097 BTC.
• Cosmos (ATOM) traded 8.4% lower against the dollar and now trades at $5.32 or 0.00008688 BTC.
• Fetch.ai (FET) traded down 7.1% against the dollar and now trades at $1.06 or 0.00001731 BTC.
• Algorand (ALGO) traded 7.5% lower against the dollar and now trades at $0.12 or 0.00000203 BTC.
• Akash Network (AKT) traded down 13% against the dollar and now trades at $2.55 or 0.00004134 BTC.
• Theta Fuel (TFUEL) traded 7% lower against the dollar and now trades at $0.0599 or 0.00000098 BTC.

OMG Network Profile

OMG uses the hashing algorithm. It launched on June 23rd, 2017. OMG Network’s total supply is 140,245,398 tokens. OMG Network’s official Twitter account is @omgnetworkhq and its Facebook page is accessible here. The official website for OMG Network is omg.network. 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 currently possible to buy alternative cryptocurrencies such as OMG Network directly using US dollars. Investors seeking to acquire OMG Network should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy OMG Network using one of the aforementioned exchanges.

OMG/USD price chart by TradingView