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OMG Network

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OMG Network price calculator

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OMG
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1 OMG = 0.6529 USD
Last updated 2024-04-25 13:43:21(UTC-0)

OMG Network price live data summary

The live price of OMG Network is $0.6529 per (OMG / USD) today with a current market cap of $91.56M USD. The 24-hour trading volume is $18.16M USD. OMG to USD price is updated in real time. OMG Network is -7.57% in the last 24 hours. It has a circulating supply of 140,245,390 .

What is the highest price of OMG?

OMG has an all-time high (ATH) of $28.35, recorded on 2018-01-08.

What is the lowest price of OMG?

OMG has an all-time low (ATL) of $0.3197, recorded on 2017-07-16.

OMG Network price performance in USD

24h7d30d90d1yAll-time
-7.57%+2.49%-41.83%-0.51%-42.32%+21.63%

OMG Network price history in USD

TimeLowHigh
24h$0.6452$0.7036
7d$0.5948$0.7240
30d$0.5295$1.17
90d$0.5295$1.4
1y$0.4167$1.4
All-time$0.3197(2017-07-16, 6 years ago )$28.35(2018-01-08, 6 years ago )

OMG Network market information

Market cap
$91,564,633.63
-7.57%
Fully diluted market cap
$91,564,634.12
-7.57%
Volume (24h)
$18,163,329.17
+27.98%
Market rankings
Circulation rate
+99.00%
24h volume / market cap
0.1983
Circulating supply
140,245,390 OMG
Total supply / Max supply
140,245,398.25 OMG
140,245,399 OMG

OMG Network ratings

Average ratings from the community
4.6
100 ratings
This content is for informational purposes only.

OMG Network Social Data

In the last 24 hours, the social media sentiment score for OMG Network was 3, and the social media sentiment towards OMG Network price trend was Bullish. The overall OMG Network social media score was 0, which ranks 892 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,318,607 times, with OMG Network being mentioned with a frequency ratio of 0%, ranking 667 among all cryptocurrencies.

In the last 24 hours, there were a total of 184 unique users discussing OMG Network, with a total of OMG Network mentions of 22. However, compared to the previous 24-hour period, the number of unique users decrease by 34%, and the total number of mentions has decrease by 80%.

On Twitter, there were a total of 1 tweets mentioning OMG Network in the last 24 hours. Among them, 100% are bullish on OMG Network, 0% are bearish on OMG Network, and 0% are neutral on OMG Network.

On Reddit, there were 43 posts mentioning OMG Network in the last 24 hours. Compared to the previous 24-hour period, the number of mentions increase by 2% . Additionally, there were 0 comments mentioning OMG Network. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

Visão geral das redes sociais

Average sentiment(24h)
3
Social score(24h)
0(#892)
Social contributors(24h)
184
-34%
Social mentions(24h)
22(#667)
-80%
Social dominance(24h)
0%
Twitter
Tweets(24h)
1
0%
Twitter sentiment(24h)
Bullish
100%
Neutral
0%
Bearish
0%
Reddit
Reddit score(24h)
19
Reddit posts(24h)
43
+2%
Reddit comments(24h)
0
0%

About OMG Network(OMG)

What Is OMG Network?

OMG Network is a Layer-2 scaling solution designed to enhance the efficiency and scalability of the Ethereum blockchain. Initially launched in 2017 as OmiseGO, the platform has evolved into the OMG Foundation, a robust network that facilitates thousands of transactions per second (TPS) at a fraction of the cost of operating directly on Ethereum. By creating a value transfer layer atop Ethereum, OMG Network bundles transactions into a speed-optimized child chain, which is then confirmed on the Ethereum mainnet, offering a seamless blend of speed and security.

The inception of OMG Network was driven by the vision to overcome the limitations of traditional payment systems and centralized platforms, enabling seamless interoperability and transfer of value across different asset classes and applications. With its native OMG token, the network offers a decentralized, trustless framework for peer-to-peer transactions, fostering financial inclusion and accessibility. As a Layer-2 solution leveraging Plasma architecture, OMG Network stands as a testament to the potential of secondary tech integrations to amplify the transactional throughput of blockchain networks

Resources

Official Documents: https://docs.omg.network/

How Does OMG Network Work?

OMG Network operates on an advanced iteration of Plasma technology, termed More Viable Plasma (MoreVP), which aggregates multiple transactions into a single transaction on a child chain. This process significantly reduces the Ethereum gas fees by compressing the cost impact across numerous transactions. The child chain is managed by a single block-producing node, known as the Operator, which validates and forwards transactions to the Ethereum blockchain. This centralization of processing is counterbalanced by a decentralized network of Watchers that monitor the network for any anomalies, ensuring the integrity and security of the system.

Transactions on the OMG Network follow a streamlined process: users deposit ERC-20 tokens or ether (ETH) into a smart contract on Ethereum, which are then represented on the OMG child chain. Users can then initiate asset transfers within the child chain, which are batched by the Operator and finalized on the Ethereum network. This innovative approach not only accelerates transaction speeds but also maintains the decentralized ethos of blockchain by leveraging Ethereum's robust node network for final transaction validation.

What Is OMG Token?

OMG is the native token of the OMG Network, integral to its operation and utility. It was initially distributed through an Initial Coin Offering (ICO) in 2017 and subsequently airdropped to the Ethereum community. The token serves multiple purposes: it is used to pay for transaction fees on the network, and with the future implementation of Proof-of-Stake (PoS), OMG will also be used for staking and network governance. As an ERC-20 token, OMG is interoperable with various decentralized applications (dApps), wallets, and exchanges, further extending its utility within the Ethereum ecosystem.

What Determines OMG Network's Price?

The price of OMG Network's native token, OMG, like any cryptocurrency, is influenced by a complex interplay of factors, including market demand, technological advancements, and the overall sentiment in the cryptocurrency market. As a Layer-2 scaling solution for Ethereum, the utility and adoption of the OMG Network directly impacts its token's value. When the network achieves a milestone, such as an upgrade in its Plasma infrastructure or a successful partnership that leads to increased transaction volume on its platform, the price of OMG can see significant movement. Investors and users perceive such developments as value-adding, which can lead to increased demand and, consequently, a higher price for OMG tokens.

Market dynamics also play a crucial role in determining the price of OMG. The token's supply is fixed, which means that the inflationary pressures that can affect fiat currencies do not impact OMG. However, the circulation and distribution of OMG through exchanges, staking, and network participation can cause fluctuations in its availability, thereby affecting its market price. Additionally, the broader sentiment in the blockchain and cryptocurrency markets, influenced by regulatory news, technological breakthroughs, and shifts in investor interest in decentralized finance (DeFi) applications, can result in price volatility for OMG.

Furthermore, the integration and interoperability of OMG with other blockchain networks and applications can enhance its value proposition. As the cryptocurrency market matures, the demand for scalable and efficient blockchain solutions is on the rise. OMG Network's ability to facilitate fast and cost-effective transactions while ensuring the security of the Ethereum blockchain positions it as a valuable player in the space. Thus, the network's ongoing development, community support, and its contribution to the DeFi ecosystem remain critical in shaping the price trajectory of the OMG token within the competitive landscape of digital assets.

For those interested in investing or trading OMG, one might wonder: Where to buy OMG Network? You can purchase OMG Network on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.

How to buy OMG Network (OMG)

Buying OMG Network on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy OMG Network (OMG) .

Trade OMG perpetual futures

After having successfully signed up on Bitget and purchased USDT or OMG tokens, you can start trading derivatives, including OMG futures and margin trading to increase your income.

The current price of OMG is $0.6529, with a 24h price change of -7.57%. Traders can profit by either going long or short onOMG futures.

Join OMG copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or OMG tokens, you can also start copy trading by following elite traders.

People are also inquiring about the price of OMG Network.

What is the current price of OMG Network?

We update our OMG Network to USD price in real time. Get the live Price of OMG Network on Bitget.

What is the 24 hour trading volume of OMG Network?

Over the last 24 hours, the trading volume of OMG Network is $18.16M.

What is the all-time high of OMG Network?

The all-time high of OMG Network is $28.35. This all-time high is highest price for OMG Network since it was launched.

Can I buy OMG Network on Bitget?

Yes, OMG Network is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy OMG Network guide.

Can I get a steady income from investing in OMG Network?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy OMG Network with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.
Cryptocurrency investments, including buying OMG Network online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy OMG Network, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your OMG Network purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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OMG is available for trading on the Bitget Exchange, and can be held in custody on Bitget Wallet. Bitget Exchange is also one of the first CEX platforms to support OMG trades.
You can trade OMG on Bitget.

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