OMG Network (OMG) Price Tops $0.22 on Exchanges

OMG Network (OMG) traded 5.4% lower against the dollar during the 24-hour period ending at 22:00 PM E.T. on August 11th. OMG Network has a market cap of $31.36 million and $4.99 million worth of OMG Network was traded on exchanges in the last 24 hours. In the last week, OMG Network has traded up 20.6% against the dollar. One OMG Network token can now be bought for approximately $0.22 or 0.00000383 BTC on exchanges.

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

• Avalanche (AVAX) traded 5% lower against the dollar and now trades at $20.62 or 0.00035276 BTC.
• NEAR Protocol (NEAR) traded 6.8% lower against the dollar and now trades at $3.89 or 0.00006647 BTC.
• Internet Computer (ICP) traded 6.5% lower against the dollar and now trades at $6.91 or 0.00011817 BTC.
• Cronos (CRO) traded down 4.6% against the dollar and now trades at $0.0880 or 0.00000151 BTC.
• Cosmos (ATOM) traded down 4.2% against the dollar and now trades at $4.98 or 0.00008529 BTC.
• Hedera (HBAR) traded 4.9% lower against the dollar and now trades at $0.0533 or 0.00000091 BTC.
• Algorand (ALGO) traded 4.2% lower against the dollar and now trades at $0.12 or 0.00000199 BTC.
• Fetch.ai (FET) traded down 11.3% against the dollar and now trades at $0.82 or 0.00001409 BTC.
• Akash Network (AKT) traded down 6% against the dollar and now trades at $2.58 or 0.00004377 BTC.
• Theta Fuel (TFUEL) traded down 3.6% against the dollar and now trades at $0.0559 or 0.00000096 BTC.

About OMG Network

OMG Network (OMG) uses the hashing algorithm. It launched on June 23rd, 2017. OMG Network’s total supply is 140,245,398 tokens. OMG Network’s official website is omg.network. 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.

According to CryptoCompare, “OmiseGO is building a decentralized exchange, liquidity provider mechanism, clearinghouse messaging network, and asset-backed blockchain gateway. OmiseGO is not owned by any single one party. Instead, it is an open distributed network of validators that enforce the behavior of all participants. It uses the mechanism of a protocol token to create a proof-of-stake blockchain to enable enforcement of market activity amongst participants.Owning OMG tokens buys the right to validate this blockchain, within its consensus rules. Transaction fees on the network including payment, interchange, trading, and clearinghouse use, are given to non-faulty validators who enforce bonded contract states. The token will have value derived from the fees derived from this network, with the obligation/cost of providing validation to its users.OMG rebrand:”

Buying and Selling OMG Network

It is usually not 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 Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase OMG Network using one of the aforementioned exchanges.

OMG/USD price chart by TradingView