OMG Network (OMG) Reaches Market Cap of $28.96 Million

OMG Network (OMG) traded down 0.4% against the U.S. dollar during the 24 hour period ending at 0:00 AM E.T. on September 5th. Over the last week, OMG Network has traded down 6.2% against the U.S. dollar. One OMG Network token can now be purchased for about $0.21 or 0.00000364 BTC on popular cryptocurrency exchanges. OMG Network has a market cap of $28.96 million and approximately $4.36 million worth of OMG Network was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• Avalanche (AVAX) traded 0.5% lower against the dollar and now trades at $21.67 or 0.00038243 BTC.
• NEAR Protocol (NEAR) traded down 2.9% against the dollar and now trades at $3.72 or 0.00006558 BTC.
• Internet Computer (ICP) traded down 2.8% against the dollar and now trades at $7.27 or 0.00012832 BTC.
• Cronos (CRO) traded 0.1% higher against the dollar and now trades at $0.0778 or 0.00000137 BTC.
• Hedera (HBAR) traded 0.9% lower against the dollar and now trades at $0.0482 or 0.00000085 BTC.
• Cosmos (ATOM) traded down 2.5% against the dollar and now trades at $3.92 or 0.00006917 BTC.
• Fetch.ai (FET) traded down 4.1% against the dollar and now trades at $1.08 or 0.00001903 BTC.
• Algorand (ALGO) traded down 0.3% against the dollar and now trades at $0.12 or 0.00000210 BTC.
• Akash Network (AKT) traded down 1.3% against the dollar and now trades at $2.25 or 0.00004007 BTC.
• Theta Fuel (TFUEL) traded 0.8% lower against the dollar and now trades at $0.0531 or 0.00000094 BTC.

OMG Network Token Profile

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 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.

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

OMG/USD price chart by TradingView