OMG Network Trading Up 6.8% This Week (OMG)

OMG Network (OMG) traded 5.7% higher against the US dollar during the one day period ending at 7:00 AM Eastern on May 10th. One OMG Network token can now be bought for approximately $0.68 or 0.00001075 BTC on popular cryptocurrency exchanges. OMG Network has a total market cap of $95.09 million and $11.43 million worth of OMG Network was traded on exchanges in the last day. During the last seven days, OMG Network has traded up 6.8% against the US dollar.

Here’s how related cryptocurrencies have performed during the last day:

• Avalanche (AVAX) traded up 4.5% against the dollar and now trades at $35.56 or 0.00056399 BTC.
• NEAR Protocol (NEAR) traded 6.3% higher against the dollar and now trades at $7.59 or 0.00012037 BTC.
• Internet Computer (ICP) traded 4.2% higher against the dollar and now trades at $12.40 or 0.00019663 BTC.
• Hedera (HBAR) traded 3.2% higher against the dollar and now trades at $0.11 or 0.00000176 BTC.
• Cosmos (ATOM) traded up 1.7% against the dollar and now trades at $9.09 or 0.00014423 BTC.
• Cronos (CRO) traded 2.5% higher against the dollar and now trades at $0.13 or 0.00000201 BTC.
• Fetch.ai (FET) traded up 7.3% against the dollar and now trades at $2.33 or 0.00003699 BTC.
• Algorand (ALGO) traded 3.4% higher against the dollar and now trades at $0.19 or 0.00000306 BTC.
• Akash Network (AKT) traded 25.8% higher against the dollar and now trades at $5.99 or 0.00009513 BTC.
• Kava (KAVA) traded 3.6% higher against the dollar and now trades at $0.67 or 0.00001068 BTC.

About OMG Network

OMG uses the hashing algorithm. It was first traded on June 23rd, 2017. OMG Network’s total supply is 140,245,398 tokens. 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. 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 presently possible to buy alternative cryptocurrencies such as OMG Network directly using US dollars. Investors seeking to acquire OMG Network should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy OMG Network using one of the exchanges listed above.

OMG/USD price chart by TradingView