OMG Network (OMG) Hits Market Cap of $106.67 Million

OMG Network (OMG) traded up 5.4% against the US dollar during the 24-hour period ending at 14:00 PM Eastern on May 27th. OMG Network has a market capitalization of $106.67 million and approximately $13.19 million worth of OMG Network was traded on exchanges in the last day. One OMG Network token can currently be purchased for approximately $0.76 or 0.00001085 BTC on cryptocurrency exchanges. Over the last seven days, OMG Network has traded up 14% against the US dollar.

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

  • Avalanche (AVAX) traded 5.2% higher against the dollar and now trades at $38.62 or 0.00055104 BTC.
  • NEAR Protocol (NEAR) traded 0.3% lower against the dollar and now trades at $7.89 or 0.00011258 BTC.
  • Internet Computer (ICP) traded 2.6% higher against the dollar and now trades at $12.40 or 0.00017689 BTC.
  • Hedera (HBAR) traded up 1.3% against the dollar and now trades at $0.11 or 0.00000154 BTC.
  • Cosmos (ATOM) traded 3.6% higher against the dollar and now trades at $8.69 or 0.00012391 BTC.
  • Cronos (CRO) traded 2.3% higher against the dollar and now trades at $0.12 or 0.00000173 BTC.
  • Fetch.ai (FET) traded up 2.3% against the dollar and now trades at $2.30 or 0.00003279 BTC.
  • Algorand (ALGO) traded up 4.4% against the dollar and now trades at $0.20 or 0.00000282 BTC.
  • Akash Network (AKT) traded up 2.5% against the dollar and now trades at $5.37 or 0.00007652 BTC.
  • Kava (KAVA) traded 4.1% higher against the dollar and now trades at $0.70 or 0.00001001 BTC.

OMG Network Token Profile

OMG Network (CRYPTO: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. 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 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 GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy OMG Network using one of the exchanges listed above.

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