OMG Network Market Cap Hits $9.05 Million (OMG)

OMG Network (OMG) traded 4.9% lower against the US dollar during the 1-day period ending at 9:00 AM E.T. on February 5th. OMG Network has a total market cap of $9.05 million and approximately $1.71 million worth of OMG Network was traded on exchanges in the last 24 hours. In the last week, OMG Network has traded down 18.1% against the US dollar. One OMG Network token can currently be purchased for approximately $0.0645 or 0.00000092 BTC on major cryptocurrency exchanges.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Cronos (CRO) traded 7.9% lower against the dollar and now trades at $0.0768 or 0.00000109 BTC.
• Avalanche (AVAX) traded 7% lower against the dollar and now trades at $9.31 or 0.00013216 BTC.
• Hedera (HBAR) traded down 7% against the dollar and now trades at $0.0861 or 0.00000122 BTC.
• Internet Computer (ICP) traded down 7.7% against the dollar and now trades at $2.50 or 0.00003555 BTC.
• NEAR Protocol (NEAR) traded 6.4% lower against the dollar and now trades at $1.11 or 0.00001573 BTC.
• Cosmos (ATOM) traded down 4.2% against the dollar and now trades at $1.97 or 0.00002797 BTC.
• Algorand (ALGO) traded 8% lower against the dollar and now trades at $0.0980 or 0.00000139 BTC.
• Fetch.ai (FET) traded 8.3% lower against the dollar and now trades at $0.17 or 0.00000239 BTC.
• PayProtocol Paycoin (PCI) traded 6.2% lower against the dollar and now trades at $0.0604 or 0.00000086 BTC.
• Theta Fuel (TFUEL) traded 7.2% lower against the dollar and now trades at $0.0146 or 0.00000021 BTC.

OMG Network Token Profile

OMG Network uses the hashing algorithm. Its genesis date was June 23rd, 2017. OMG Network’s total supply is 140,245,398 tokens. OMG Network’s official website 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. OMG Network’s official Twitter account is @omgnetworkhq and its Facebook page is accessible here.

According to CryptoCompare, “OmiseGO is building a decentralized exchange, liquidity provider mechanism, clearinghouse messaging network, and asset-backed blockchain gateway. OmiseGO is not owned by any single one party. Instead, it is an open distributed network of validators that enforce the behavior of all participants. It uses the mechanism of a protocol token to create a proof-of-stake blockchain to enable enforcement of market activity amongst participants.Owning OMG tokens buys the right to validate this blockchain, within its consensus rules. Transaction fees on the network including payment, interchange, trading, and clearinghouse use, are given to non-faulty validators who enforce bonded contract states. The token will have value derived from the fees derived from this network, with the obligation/cost of providing validation to its users.OMG rebrand:”

Buying and Selling OMG Network

It is usually not possible to purchase alternative cryptocurrencies such as OMG Network directly using U.S. dollars. Investors seeking to trade OMG Network should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase OMG Network using one of the exchanges listed above.

OMG/USD price chart by TradingView