OMG Network Market Cap Reaches $94.11 Million (OMG)

OMG Network (OMG) traded up 4% against the U.S. dollar during the 24-hour period ending at 19:00 PM E.T. on May 9th. OMG Network has a market capitalization of $94.11 million and $10.71 million worth of OMG Network was traded on exchanges in the last day. During the last week, OMG Network has traded 2.2% higher against the U.S. dollar. One OMG Network token can now be bought for approximately $0.67 or 0.00001062 BTC on exchanges.

Here’s how other cryptocurrencies have performed during the last day:

• Avalanche (AVAX) traded 4.1% higher against the dollar and now trades at $35.25 or 0.00055780 BTC.
• NEAR Protocol (NEAR) traded 9.3% higher against the dollar and now trades at $7.45 or 0.00011796 BTC.
• Internet Computer (ICP) traded 2.1% higher against the dollar and now trades at $12.32 or 0.00019493 BTC.
• Hedera (HBAR) traded 5.7% higher against the dollar and now trades at $0.11 or 0.00000176 BTC.
• Cosmos (ATOM) traded 0.7% higher against the dollar and now trades at $9.12 or 0.00014428 BTC.
• Cronos (CRO) traded 2% higher against the dollar and now trades at $0.13 or 0.00000202 BTC.
• Fetch.ai (FET) traded up 6.6% against the dollar and now trades at $2.30 or 0.00003638 BTC.
• Algorand (ALGO) traded up 3.8% against the dollar and now trades at $0.19 or 0.00000307 BTC.
• Akash Network (AKT) traded up 21.2% against the dollar and now trades at $5.20 or 0.00008303 BTC.
• Kava (KAVA) traded up 3.1% against the dollar and now trades at $0.67 or 0.00001064 BTC.

OMG Network Profile

OMG Network 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 website is omg.network. OMG Network’s official Twitter account is @omgnetworkhq and its Facebook page is accessible 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 presently 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, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase OMG Network using one of the exchanges listed above.

OMG/USD price chart by TradingView