OMG Network

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Predicted performance
Price prediction in 3M

10.24 176.86%

Historical
Future
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What is OMG Network all about

What is OMG Network all about

All-Time High • Jan 09 2018

21.12

All-Time Low • Mar 13 2020

0.31379

Market Cap

522,565,558

Market Cap 24h

8,975,552 +1.75%

Total Volume

233,560,148

Circulating Supply

140,245,398.25

100%
Max Supply

140,245,398.25

All Time High Change

-82.39%

All Time Low Change

+1085.06%

The OMG Network, formerly known as OmiseGo, is a decentralized network that looks to provide low-cost, high speed transactions at a second-layer level on the Ethereum blockchain. The network uses layer-2 Plasma architecture for secure and high throughput transactional capability for individuals and companies building scalable decentralized applications on the Ethereum network.

The OMG Network is essentially a value transfer tool for Ethereum and ERC-20 tokens and platforms, offering users a faster way to send ETH and other ERC-20 tokens than doing so directly on the Ethereum blockchain. Transactions are processed in a second-layer side chain, and a final transaction is recorded on the Ethereum blockchain once the side chain is closed.

OMG tokens serve as a utility and eventually a staking token for users looking to become validator nodes on the OMG Network’s proof-of-stake chain. OMG can also be used to pay fees.

OMG Network Profit Calculator

OMG Network Profit Calculator

Date of investment

15.07.2017

Initial investment

EUR

Bought

OMG
NaN%

Today's value would be

0
999.24%
Investment
Profit
Questions & Answers

OMG Questions & Answers

To date, what was the highest price of OMG Network?

Osom expert

OMG Network reached its maximum price on 2018-01-09, at 21.12 Euro.

What is the current price of OMG Network?

Osom expert

Current price of OMG Network is at 3.70 EUR.

What price will OMG Network reach in 3 months time?

Osom expert

Using our prediction we estimate OMG Network's price will reach anywhere between €5.91 and €12.29 in 90 days.

Is OMG Network popular among social media users?

Osom expert

6579 Reddit users participated in discussing OMG Network online on Reddit in the last 2 days. OMG Network's Twitter profile is followed by 7026 people.

Is OMG Network expected to increase in value half year from now?

Osom expert

Accurate long term forecast is very difficult, however using our short term prediction we expect the value of OMG Network will be between €5.91 and €12.29 in 6 months.

How much will OMG Network be worth 1 month from now?

Osom expert

According to our prediction algorithm, we expect, that the cost of OMG Network is likely going to be between €5.91 and €11.23 next month.

What are the common use cases of the OMG network?

Osom expert

The OMG Network lists a couple of potential use cases for its platform, including a community points engine as well as the hosting of wallet and exchange services.

How do OMG tokens gain their value?

Osom expert

OMG tokens are essentially obtained by users in order to help secure the blockchain. OMG users will be able to stake their tokens and earn interest when the network transitions to a proof-of-stake consensus model.

Does Tether operate through the OMG Network?

Osom expert

Yes, the world’s biggest stablecoin by market cap was integrated in the OMG Network in June 2020, allowing USDT deposits and withdrawals on the network and helped alleviate some congestion on the Ethereum mainnet.

How does OMG make ETH payments faster?

Osom expert

Using Plasma’s child chain architecture called MoreViable Plasma, OMG groups transactions off-chain into a merkle tree before sending a “root hash” every so often, recording the transactions on the actual Ethereum blockchain. This allows transactions to be bundled into batches, reducing costs and increasing transaction speeds.

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10 days OMG Network price forecast

10 days OMG Network price forecast

DayPrice PredictionChange
2022-01-297.7+108.12%
2022-01-307.8+1.31%
2022-01-317.92+1.55%
2022-02-018+0.95%
2022-02-028.1+1.32%
2022-02-038.3+2.42%
2022-02-048.34+0.48%
2022-02-058.45+1.37%
2022-02-068.55+1.21%
2022-02-078.67+1.37%

Long term OMG Network price prediction

MonthPrice PredictionChange
February 228+116.12%
March 228.93+11.73%
April 2210.07+12.67%
May 2210.21+1.46%
June 229.76-4.41%
July 229.58-1.84%
August 229.58-0.07%
September 2211.7+22.17%
October 2212.97+10.89%
November 2213.76+6.05%
December 2211.89-13.54%
January 2311.33-4.74%

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