OMG Network (OMG) Hits Market Capitalization of $164.99 Million

OMG Network (OMG) traded 2.6% higher against the dollar during the 1 day period ending at 8:00 AM ET on December 9th. OMG Network has a total market cap of $164.99 million and approximately $17.23 million worth of OMG Network was traded on exchanges in the last 24 hours. One OMG Network token can now be bought for $1.18 or 0.00006821 BTC on popular cryptocurrency exchanges. In the last week, OMG Network has traded 3.6% lower against the dollar.

Here’s how other cryptocurrencies have performed in the last 24 hours:

  • Avalanche (AVAX) traded up 3% against the dollar and now trades at $13.58 or 0.00078709 BTC.
  • Cosmos (ATOM) traded 2.6% higher against the dollar and now trades at $9.81 or 0.00056859 BTC.
  • Cronos (CRO) traded 2.1% higher against the dollar and now trades at $0.0644 or 0.00000374 BTC.
  • Algorand (ALGO) traded up 2.2% against the dollar and now trades at $0.22 or 0.00001299 BTC.
  • NEAR Protocol (NEAR) traded up 4% against the dollar and now trades at $1.72 or 0.00009954 BTC.
  • Internet Computer (ICP) traded 6.8% higher against the dollar and now trades at $4.45 or 0.00025781 BTC.
  • PayProtocol Paycoin (PCI) traded 6.5% higher against the dollar and now trades at $0.26 or 0.00001497 BTC.
  • Hedera (HBAR) traded up 1.9% against the dollar and now trades at $0.0481 or 0.00000279 BTC.
  • Kava (KAVA) traded up 4.2% against the dollar and now trades at $0.89 or 0.00005149 BTC.
  • Theta Fuel (TFUEL) traded 1.9% higher against the dollar and now trades at $0.0440 or 0.00000255 BTC.

OMG Network Token Profile

OMG uses the hashing algorithm. Its launch date was 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, “OmiseGO is building a decentralized exchange, liquidity provider mechanism, clearinghouse messaging network, and asset-backed blockchain gateway. OmiseGO is not owned by any single one party. Instead, it is an open distributed network of validators that enforce the behavior of all participants. It uses the mechanism of a protocol token to create a proof-of-stake blockchain to enable enforcement of market activity amongst participants.Owning OMG tokens buys the right to validate this blockchain, within its consensus rules. Transaction fees on the network including payment, interchange, trading, and clearinghouse use, are given to non-faulty validators who enforce bonded contract states. The token will have value derived from the fees derived from this network, with the obligation/cost of providing validation to its users.OMG rebrand:”

Buying and Selling OMG Network

It is usually not currently 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 Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase OMG Network using one of the aforementioned exchanges.

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