OMG Network (OMG) Market Capitalization Achieves $31.82 Million

OMG Network (OMG) traded down 3.4% against the U.S. dollar during the one day period ending at 9:00 AM E.T. on November 2nd. One OMG Network token can currently be purchased for about $0.23 or 0.00000327 BTC on popular exchanges. OMG Network has a market cap of $31.82 million and approximately $4.17 million worth of OMG Network was traded on exchanges in the last day. In the last week, OMG Network has traded down 6% against the U.S. dollar.

Here is how similar cryptocurrencies have performed in the last day:

• Avalanche (AVAX) traded 4% lower against the dollar and now trades at $24.32 or 0.00035014 BTC.
• NEAR Protocol (NEAR) traded 4% lower against the dollar and now trades at $3.87 or 0.00005570 BTC.
• Internet Computer (ICP) traded down 1.1% against the dollar and now trades at $7.81 or 0.00011248 BTC.
• Fetch.ai (FET) traded down 6.4% against the dollar and now trades at $1.19 or 0.00001716 BTC.
• Cronos (CRO) traded down 1.2% against the dollar and now trades at $0.0730 or 0.00000105 BTC.
• Hedera (HBAR) traded 3.1% lower against the dollar and now trades at $0.0451 or 0.00000065 BTC.
• Cosmos (ATOM) traded 3% lower against the dollar and now trades at $4.11 or 0.00005920 BTC.
• Algorand (ALGO) traded 1.2% lower against the dollar and now trades at $0.11 or 0.00000165 BTC.
• Akash Network (AKT) traded down 6.5% against the dollar and now trades at $2.24 or 0.00003219 BTC.
• Theta Fuel (TFUEL) traded 1.7% lower against the dollar and now trades at $0.0515 or 0.00000074 BTC.

OMG Network Token Profile

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 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. 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 buy alternative cryptocurrencies such as OMG Network directly using US dollars. Investors seeking to trade OMG Network should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. 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