OMG Network (OMG) Market Capitalization Hits $93.87 Million

OMG Network (OMG) traded 0.6% higher against the US dollar during the 1 day period ending at 13:00 PM Eastern on May 5th. One OMG Network token can currently be bought for approximately $0.67 or 0.00001041 BTC on exchanges. OMG Network has a market cap of $93.87 million and $10.99 million worth of OMG Network was traded on exchanges in the last 24 hours. Over the last seven days, OMG Network has traded up 0.4% against the US dollar.

Here’s how similar cryptocurrencies have performed over the last 24 hours:

• Avalanche (AVAX) traded up 2.4% against the dollar and now trades at $37.52 or 0.00058359 BTC.
• NEAR Protocol (NEAR) traded 8.3% higher against the dollar and now trades at $7.49 or 0.00011643 BTC.
• Internet Computer (ICP) traded 1.2% lower against the dollar and now trades at $13.15 or 0.00020449 BTC.
• Hedera (HBAR) traded up 0.5% against the dollar and now trades at $0.11 or 0.00000172 BTC.
• Cosmos (ATOM) traded 5.8% higher against the dollar and now trades at $9.28 or 0.00014440 BTC.
• Cronos (CRO) traded 0.4% lower against the dollar and now trades at $0.13 or 0.00000208 BTC.
• Fetch.ai (FET) traded 6% higher against the dollar and now trades at $2.34 or 0.00003641 BTC.
• Algorand (ALGO) traded 2.1% higher against the dollar and now trades at $0.20 or 0.00000309 BTC.
• Akash Network (AKT) traded up 12.2% against the dollar and now trades at $4.82 or 0.00007491 BTC.
• Kava (KAVA) traded 1.4% higher against the dollar and now trades at $0.70 or 0.00001083 BTC.

OMG Network Profile

OMG uses the hashing algorithm. Its genesis date was June 23rd, 2017. OMG Network’s total supply is 140,245,398 tokens. The official website for OMG Network 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, “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 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