OMG Network (OMG) Hits Market Cap of $47.96 Million

OMG Network (OMG) traded up 1.5% against the U.S. dollar during the 24 hour period ending at 23:00 PM E.T. on June 18th. One OMG Network token can currently be bought for $0.34 or 0.00000523 BTC on popular cryptocurrency exchanges. Over the last seven days, OMG Network has traded down 16.7% against the U.S. dollar. OMG Network has a total market capitalization of $47.96 million and $13.03 million worth of OMG Network was traded on exchanges in the last day.

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

  • Avalanche (AVAX) traded 2% higher against the dollar and now trades at $26.87 or 0.00041118 BTC.
  • NEAR Protocol (NEAR) traded up 1.4% against the dollar and now trades at $4.89 or 0.00007491 BTC.
  • Internet Computer (ICP) traded up 0.6% against the dollar and now trades at $8.23 or 0.00012590 BTC.
  • Hedera (HBAR) traded up 3.8% against the dollar and now trades at $0.0798 or 0.00000122 BTC.
  • Cosmos (ATOM) traded 4.1% higher against the dollar and now trades at $6.81 or 0.00010422 BTC.
  • Cronos (CRO) traded up 1% against the dollar and now trades at $0.0936 or 0.00000143 BTC.
  • Fetch.ai (FET) traded down 0.3% against the dollar and now trades at $1.23 or 0.00001878 BTC.
  • Algorand (ALGO) traded up 1.2% against the dollar and now trades at $0.14 or 0.00000209 BTC.
  • Akash Network (AKT) traded 9.1% lower against the dollar and now trades at $2.69 or 0.00004136 BTC.
  • Kava (KAVA) traded up 1.2% against the dollar and now trades at $0.46 or 0.00000700 BTC.

OMG Network Profile

OMG Network uses the hashing algorithm. Its genesis date was June 23rd, 2017. OMG Network’s total supply is 140,245,398 tokens. OMG Network’s official website is omg.network. OMG Network’s official Twitter account is @omgnetworkhq and its Facebook page is accessible here. The Reddit community for OMG Network is https://reddit.com/r/omgnetwork and the currency’s Github account can be viewed 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 buy alternative cryptocurrencies such as OMG Network directly using US dollars. Investors seeking to trade OMG Network should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy OMG Network using one of the aforementioned exchanges.

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