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OMG Network (OMG) Price, Market Cap and Information


OMG Network (OMG) Buy OMG Network Now
OMG Network (OMG) OmiseGo (OMG) is a public Ethereum-based financial technology designed for mainstream digital wallets, that enables real-time, peer-to-peer value exchange and payment services.
CVIX 41
Current price $0.224535
Change 24h -3.41%
Change 7d -6.22%
Market Cap $31 489 973
Available supply 140 245 398 OMG
Volume 24h $4 655 790
Updated Saturday, November 2, 2024 9:00:07PM UTC
Nature Coin
Mineable No
Discussion
WWW Website

OMG Network price change 24 hours

OMG Network Short Term Forecast

After Price Change
1 day $0.215748 -3.91%

OMG Network Price Predictions

OMG Network General Information

General OMG facts, technical details and OMG Network Cryptocurrency information

OmiseGo (OMG) is a public Ethereum-based financial technology designed for mainstream digital wallets, that enables real-time, peer-to-peer value exchange and payment services. Back at the very beginning of 2017, the well-known financial company Omise revealed its plans to create OmiseGo crypto currency platform. The list of project’s advisors is very impressive, including Vitaliy Buterin, Vlad Zamfir (the creators of the Etherium), Julian Zavistovsky (the developer of Golem), Iye Kwon (creator of Cosmos), Roger Ver (developer of Bitcoin Com) and others. During ICO in early June 2017, the project raised $ 19 million, and after the release of tokens on the crypto-exchanges, its price began to increase dramatically. A little later in August, Vitaly Buterin and Joseph Pun announced the announcement of their new Plasma project, and OmiseGo developers added to the statement that their platform would be based on "plasma". In many respects it was this news that made it possible to raise the project's capitalization to a record $ 1 billion, and the cost of OMG tokens from their release date increased more than 25 times.

There are several features that give OmiseGo considerable advantages over other crypto currency platforms: wide availability of the platform (you do not need to have an account with the bank, and the company itself has a certain reserve in several national currencies); scalability of the system (all transactions are carried out as quickly and efficiently as possible, regardless of how badly the network is loaded); high standards of safety; independence of the system from states or banking structures of the world; availability of a mechanism that is responsible for the liquidity indicators of the project’s cash.

OMG Network (first developed as OmiseGO) is a non-custodial, Layer 2 scaling solution for transferring value on Ethereum. How the protocol processes transactions is centralized, but its Plasma-based design aims to decentralize network security. It also relies on Ethereum at its final arbitration layer. Most blockchain ecosystems are limited by low throughput, high and unpredictable transaction fees, and poor user experience. The project's team believes these are barriers that need to be overcome before businesses and developers will adopt blockchain for real-world applications, leading them to develop the OMG Network.

The core security proposition of Plasma revolves around honest users being able to exit the child chain (in other words, withdraw funds to the root chain) at any time. To exit the child chain, a user submits an exit transaction – along with an exit bond – to the root chain. The exit is subject to a "challenge period," during which any user can prove, if applicable, that the exit is invalid. If successfully shown to be invalid, the exit is not processed, and the challenger is awarded the exit bond. This exit game is solely dependent on the root chain.

As the child chain relies on the root chain to be its ultimate arbiter, it must periodically commit a hashed version of its state changes to the root chain by way of a smart contract. As opposed to submitting individual transaction data onto the root chain, the child chain bundles transactions into a Merkle tree and submits the root hash. Beyond these core elements, there is no prescribed configuration for a Plasma chain. They can take on different consensus protocols, block validation mechanisms, or fraud proofs. The design is adaptable to the use case. OMG Network is based on the Plasma MoreVP design, an extension of Minimum Viable Plasma optimized for the settlement of payments and value exchange between users and exchanges.

The original OMG Network team (under the OmiseGO name) co-authored the original Plasma white paper with Joseph Poon and was also the first project to perform an airdrop, a way to more widely share ownership of our token with the existing Ethereum community.

OMG Network Historical Data – 10 days

Date Open, $ Min, $ Max, $ Market cap, $
Oct 24 0.259851 0.259402 0.263807 36 950 895
Oct 25 0.262879 0.252741 0.262879 35 485 488
Oct 26 0.233322 0.233322 0.241852 33 540 241
Oct 27 0.239032 0.237864 0.242047 33 945 966
Oct 28 0.241191 0.235228 0.242675 34 033 995
Oct 29 0.240893 0.240893 0.251770 34 880 223
Oct 30 0.248557 0.245632 0.249791 34 466 744
Oct 31 0.246073 0.232631 0.246073 32 849 399
Nov 01 0.234662 0.228318 0.237602 32 324 910
Nov 02 0.231257 0.224064 0.232721 31 537 382

OMG/USD Price Charts

OMG to USD price chart – 7 days
OMG to USD price chart – 30 days
OMG to USD price chart – 60 days
OMG to USD price chart – 6 months

* Crypto Rating accepts no liability for any errors in the OMG Network information, OMG Prices and OMG's Market Cap. For the most up-to-date prices please visit the OMG Network's official website.

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 74.8% 41 $69 432.76 0.06% 3.55% $1 373 164 306 788 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 85.6% 26 $2 492.61 -0.74% 0.34% $300 136 843 914 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 90.8% 1 $1.000007 0.06% 0.13% $120 577 172 177 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 93.6% 4 $568.70 -0.52% -2.46% $81 949 058 825 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 65.6% 68 $166.01 0.18% -3.09% $78 159 405 859 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 91.6% 1 $1.000255 0.04% 0.04% $34 882 388 926 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 94% 5 $0.509995 -0.25% -0.36% $29 002 721 173 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 58% 84 $0.159086 0.68% 15.76% $23 326 702 688 DOGE 7 days price change
9 TRON (TRX) TRX TRON predictions 93.2% 4 $0.166175 -0.68% 0.84% $14 366 395 280 TRX 7 days price change
10 Toncoin (TON) TON Toncoin predictions 88.4% 10 $4.88 -0.11% -0.80% $12 410 651 179 TON 7 days price change
11 Cardano (ADA) ADA Cardano predictions 94% 7 $0.347833 -2.60% 4.35% $12 172 428 724 ADA 7 days price change
12 SHIBA INU (SHIB) SHIB SHIBA INU predictions 82.4% 31 $0.000017 -0.18% 2.52% $10 277 081 759 SHIB 7 days price change
13 Lido stETH (STETH) STETH Lido stETH predictions 94% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
14 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 95.2% 1 $0.116354 -0.46% 0.23% $10 171 995 609 WTRX 7 days price change
15 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 94% 1 $65 806.83 0.78% -2.68% $10 083 957 608 WBTC 7 days price change

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