OMG Network Price Reaches $0.26 (OMG)

OMG Network (OMG) traded down 2.5% against the U.S. dollar during the 24-hour period ending at 20:00 PM Eastern on October 17th. One OMG Network token can now be purchased for approximately $0.26 or 0.00000387 BTC on popular exchanges. Over the last week, OMG Network has traded down 0.6% against the U.S. dollar. OMG Network has a total market cap of $36.55 million and approximately $10.58 million worth of OMG Network was traded on exchanges in the last 24 hours.

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

• Avalanche (AVAX) traded 2.8% lower against the dollar and now trades at $27.25 or 0.00040471 BTC.
• NEAR Protocol (NEAR) traded down 4.1% against the dollar and now trades at $4.76 or 0.00007072 BTC.
• Internet Computer (ICP) traded 3.5% lower against the dollar and now trades at $7.65 or 0.00011364 BTC.
• Cronos (CRO) traded 1.7% lower against the dollar and now trades at $0.0775 or 0.00000115 BTC.
• Hedera (HBAR) traded 4.9% lower against the dollar and now trades at $0.0510 or 0.00000076 BTC.
• Cosmos (ATOM) traded 3.3% lower against the dollar and now trades at $4.30 or 0.00006382 BTC.
• Fetch.ai (FET) traded down 5.1% against the dollar and now trades at $1.36 or 0.00002015 BTC.
• Algorand (ALGO) traded down 2.9% against the dollar and now trades at $0.12 or 0.00000178 BTC.
• Akash Network (AKT) traded 3.8% lower against the dollar and now trades at $2.45 or 0.00003631 BTC.
• Theta Fuel (TFUEL) traded down 2.6% against the dollar and now trades at $0.0604 or 0.00000090 BTC.

OMG Network Profile

OMG uses the hashing algorithm. It was first traded on 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 presently possible to purchase alternative cryptocurrencies such as OMG Network directly using US dollars. Investors seeking to trade OMG Network should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase OMG Network using one of the exchanges listed above.

OMG/USD price chart by TradingView