OMG Network
About OMG Network
OMG Network (OMG) is essentially a Layer 2 solution for Ethereum that is purpose built for efficiently facilitating the borderless transfers of ETH and ERC-20 tokens. Its features include potentially lowered fees, and thousands of transactions per second. Formerly known as OmiseGo, the OMG Network is said to open up Ethereum for enterprise use cases, thanks to its high throughput capabilities. Simply put, OMG’s ultimate goal is achieving mass adoption while leveraging the security of the Ethereum network. OMG, the network’s native token is mostly used to pay any fees that occur from transactions. With that said, OMG holders will reportedly also be able to stake their tokens, and earn rewards based on standard staking parameters, such as deposited funds, and lock period. OMG Network is now rebranded to OMG Foundation and its core contributor, Enya is leading another Ethereum Layer 2 solution, Boba Network.
In the last hour, OMG Network's price has seen a change of -0.57%, and over the past 24 hours, its price has moved by +1.52%. Over the previous week, OMG Network's price has moved by +4.92%. The current price of OMG Network is $0.04935, accompanied by a trading volume of 758.3k in the last day. OMG Network's price is currently 99.83% below its all-time high of $28.35, which remains the highest price OMG Network has achieved since its launch. The circulating supply of OMG Network stands at 140.2M, translating to a total market capitalization of 6.922M.
Market stats
Frequently asked questions
What is a OMG Network wallet?
A OMG Network wallet is where you can securely store OMG Network. A wallet helps you maintain ownership of your asset as well as enable you to trade, send or receive crypto-assets.
What is a OMG Network address?
A OMG Network address is a string of unique characters that is tied to your OMG Network wallet. The address functions just like a bank account number and it is what you use in order to send OMG Network from your wallet, or to receive OMG Network to your wallet.
What are the most popular cryptocurrencies besides OMG Network?
Besides OMG Network, you can find over 150 assets available on Rain for you to start trading such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USDC, Ripple (XRP), DOGE, Tether (USDT), Chainlink (LINK) or BCH. You can explore these options by going to the homepage of your account and scrolling through the available assets. When you are ready to start trading, simply click on the asset of your choice and click Trade.
What will the price of OMG Network be in next 5 years?
Price predictions for OMG Network over the next five years are highly speculative and depend on crypto market conditions, adoption, and broader crypto trends. We encourage you to do your own research and make informed decisions.
Is trading OMG Network taxable?
Trading OMG Network may be considered taxable in some countries with varying tax rules, so we recommend checking with your local tax authority or financial advisor for specific guidance.
What is OMG Network's ATH?
OMG Network’s all-time high (ATH) was $ 28.35 on 08 Jan 2018. This represents the highest recorded market price of the asset to date.
When will OMG Network be available on Rain?
We’re always working to expand our listed assets. While we can not provide a specific listing date for OMG Network just yet, stay tuned for updates by following us on our official social channels like X.
What is the market cap of OMG Network?
With a market capitalization of 6.922M, OMG Network is ranked 503 among other crypto assets.
What is the all-time high of OMG Network?
The highest valuation of OMG Network since its launch was at $28.35, marking its all-time high.
What is the 24-hour trading volume of OMG Network?
The trading activity of OMG Network over the last 24 hours was at 758.3k, highlighting its liquidity in the market.
How many OMG Network are there in circulation?
There are approximately 140.2M units of OMG Network currently in circulation, affecting its market dynamics.
What is the relative popularity of OMG Network?
OMG Network market cap is around 6.922M.
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