OMG Network (OMG) Market Capitalization Achieves $89.66 Million

OMG Network (OMG) traded down 3.5% against the U.S. dollar during the 24 hour period ending at 7:00 AM E.T. on May 8th. OMG Network has a total market cap of $89.66 million and approximately $11.85 million worth of OMG Network was traded on exchanges in the last day. During the last week, OMG Network has traded 8.9% higher against the U.S. dollar. One OMG Network token can now be bought for about $0.64 or 0.00001024 BTC on popular exchanges.

Here is how related cryptocurrencies have performed during the last day:

• Avalanche (AVAX) traded 6.3% lower against the dollar and now trades at $34.66 or 0.00055538 BTC.
• NEAR Protocol (NEAR) traded 5.4% lower against the dollar and now trades at $7.18 or 0.00011503 BTC.
• Internet Computer (ICP) traded down 5.4% against the dollar and now trades at $12.23 or 0.00019603 BTC.
• Hedera (HBAR) traded 5.3% lower against the dollar and now trades at $0.11 or 0.00000172 BTC.
• Cosmos (ATOM) traded down 3.8% against the dollar and now trades at $8.90 or 0.00014264 BTC.
• Cronos (CRO) traded down 4.7% against the dollar and now trades at $0.12 or 0.00000200 BTC.
• Fetch.ai (FET) traded down 8.8% against the dollar and now trades at $2.27 or 0.00003633 BTC.
• Algorand (ALGO) traded down 3.6% against the dollar and now trades at $0.19 or 0.00000303 BTC.
• Akash Network (AKT) traded down 6.4% against the dollar and now trades at $4.42 or 0.00007090 BTC.
• Theta Fuel (TFUEL) traded up 0.2% against the dollar and now trades at $0.11 or 0.00000176 BTC.

OMG Network Token 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 Twitter account is @omgnetworkhq and its Facebook page is accessible here. OMG Network’s official website 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.”

OMG Network Token Trading

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

OMG/USD price chart by TradingView