OMG Network (OMG) Market Cap Achieves $42.75 Million

OMG Network (OMG) traded 21.8% lower against the dollar during the one day period ending at 7:00 AM E.T. on December 20th. One OMG Network token can currently be purchased for $0.30 or 0.00000328 BTC on major cryptocurrency exchanges. Over the last week, OMG Network has traded down 36.1% against the dollar. OMG Network has a total market cap of $42.75 million and approximately $16.17 million worth of OMG Network was traded on exchanges in the last day.

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

• Avalanche (AVAX) traded 21.3% lower against the dollar and now trades at $34.01 or 0.00036576 BTC.
• Hedera (HBAR) traded down 19.3% against the dollar and now trades at $0.24 or 0.00000256 BTC.
• NEAR Protocol (NEAR) traded 20.8% lower against the dollar and now trades at $4.59 or 0.00004940 BTC.
• Internet Computer (ICP) traded down 19.4% against the dollar and now trades at $9.06 or 0.00009750 BTC.
• Cronos (CRO) traded down 21% against the dollar and now trades at $0.14 or 0.00000155 BTC.
• Fetch.ai (FET) traded down 20.8% against the dollar and now trades at $1.14 or 0.00001224 BTC.
• Algorand (ALGO) traded 24.7% lower against the dollar and now trades at $0.29 or 0.00000308 BTC.
• Cosmos (ATOM) traded 21.6% lower against the dollar and now trades at $5.92 or 0.00006368 BTC.
• Akash Network (AKT) traded 14.9% lower against the dollar and now trades at $2.81 or 0.00003004 BTC.
• Kava (KAVA) traded down 20.1% against the dollar and now trades at $0.38 or 0.00000405 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. 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 Twitter account is @omgnetworkhq and its Facebook page is accessible here. The official website for OMG Network is omg.network.

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 trade OMG Network should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, 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