OMG Network (OMG) Price Tops $0.0590

OMG Network (OMG) traded 2.4% higher against the U.S. dollar during the 24 hour period ending at 9:00 AM E.T. on February 21st. In the last week, OMG Network has traded up 2.1% against the U.S. dollar. OMG Network has a market capitalization of $8.28 million and $1.35 million worth of OMG Network was traded on exchanges in the last day. One OMG Network token can currently be purchased for approximately $0.0590 or 0.00000087 BTC on major cryptocurrency exchanges.

Here is how other cryptocurrencies have performed in the last day:

• Cronos (CRO) traded 1.4% higher against the dollar and now trades at $0.0784 or 0.00000115 BTC.
• Hedera (HBAR) traded 3.2% higher against the dollar and now trades at $0.10 or 0.00000147 BTC.
• Avalanche (AVAX) traded up 3.9% against the dollar and now trades at $9.33 or 0.00013676 BTC.
• NEAR Protocol (NEAR) traded up 6.5% against the dollar and now trades at $1.08 or 0.00001577 BTC.
• Internet Computer (ICP) traded 5.8% higher against the dollar and now trades at $2.26 or 0.00003309 BTC.
• Cosmos (ATOM) traded 0.2% higher against the dollar and now trades at $2.35 or 0.00003448 BTC.
• Algorand (ALGO) traded up 2.7% against the dollar and now trades at $0.0905 or 0.00000133 BTC.
• Fetch.ai (FET) traded up 4.4% against the dollar and now trades at $0.17 or 0.00000247 BTC.
• PayProtocol Paycoin (PCI) traded 0.8% higher against the dollar and now trades at $0.0608 or 0.00000089 BTC.
• Theta Fuel (TFUEL) traded up 2.9% against the dollar and now trades at $0.0146 or 0.00000021 BTC.

OMG Network Token Profile

OMG Network (OMG) 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 Twitter account is @omgnetworkhq and its Facebook page is accessible here. OMG Network’s official website is omg.network.

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: OmiseGO Rebrands to OMG NetworkTelegram, DiscordWhitepaper”

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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, GDAX or Coinbase. 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