- OMG shows bullish signs surging 30% in a week.
- It provides cross-platform payments on the blockchain.
- OMG Network’s (OMG) price is trading at $10.65%
A value transfer network for Ethereum and ERC-20 token is the OMG Network. In the past few days OMG network showing a bullish signal. Now, OMG Network (OMG) shows bullish signs surging 30% in a week.
Currently, OMG Network consists of a team of more than 50 employees derived all over the world. It was developed to help make Ethereum more attractive to businesses. OMG Network contains a proof-of-stake (PoS) consensus mechanism, this will enable users to stake their OMG tokens to help secure the network and earn rewards.
Furthermore, OMG, the utility token of OMG Network is utilized as one of the payment options for fees on the OMG Network. Child chains of OMG Network are secured by a proof-of-authority (PoA) consensus system. The child chain behaves as a transactional chain of the parent-child architecture.
More so, it provides cross-platform payments on the blockchain. This open payment network and decentralized exchange (DEX) abide in the Ethereum blockchain and enable a scalable and fully open alternative for users.
Furthermore, the users of OMG will enjoy low fees, quick transaction, and cash-out options. The OMG Network has launched a new scaling solution that increases the transaction speed.
Current Market Staus of OMG
According to CoinMarketCap, OMG price is trading at $10.65% with a 24-hour trading volume of $4,355,392. The circulating supply of OMG is 140,245,398.25 OMG and it spikes 21.65% in the last 24 hours. In the past 7 days, OMG has surged over 30%.
The above chart shows the bullish trend over the last 7 days. In the past 7 days, OMG has increased from $8.5 to $10.65. OMG Network can be traded in the crypto exchange such as Binance, Mandala Exchange, Huobi Global, OKEx, and FTX.
In addition, the upcoming updates and upgrades will boost the price of the OMG. Eventually, crypto traders can expect more surges in the forthcoming days