OMG Network Price Reaches $0.66 (OMG)

OMG Network (OMG) traded up 1.2% against the U.S. dollar during the 1 day period ending at 19:00 PM E.T. on May 5th. During the last week, OMG Network has traded 2% higher against the U.S. dollar. One OMG Network token can currently be purchased for about $0.66 or 0.00001038 BTC on cryptocurrency exchanges. OMG Network has a total market cap of $93.10 million and $10.70 million worth of OMG Network was traded on exchanges in the last day.

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

• Avalanche (AVAX) traded up 0.5% against the dollar and now trades at $37.42 or 0.00058485 BTC.
• NEAR Protocol (NEAR) traded up 9% against the dollar and now trades at $7.49 or 0.00011702 BTC.
• Internet Computer (ICP) traded 1.3% lower against the dollar and now trades at $13.00 or 0.00020314 BTC.
• Hedera (HBAR) traded up 1.2% against the dollar and now trades at $0.11 or 0.00000172 BTC.
• Cosmos (ATOM) traded 7.3% higher against the dollar and now trades at $9.32 or 0.00014568 BTC.
• Cronos (CRO) traded down 0.6% against the dollar and now trades at $0.13 or 0.00000206 BTC.
• Fetch.ai (FET) traded 8.4% higher against the dollar and now trades at $2.35 or 0.00003668 BTC.
• Algorand (ALGO) traded up 2.1% against the dollar and now trades at $0.20 or 0.00000308 BTC.
• Akash Network (AKT) traded 13.9% higher against the dollar and now trades at $4.88 or 0.00007650 BTC.
• Kava (KAVA) traded up 1.5% against the dollar and now trades at $0.69 or 0.00001084 BTC.

About OMG Network

OMG Network 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. OMG Network’s official website 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.

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 buy alternative cryptocurrencies such as OMG Network directly using U.S. dollars. Investors seeking to acquire OMG Network should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy OMG Network using one of the exchanges listed above.

OMG/USD price chart by TradingView