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OMG Network Token (OMG): Everything you Wanted to Know as a Beginner before Investing!

OMG Network token (OMG) is one of the most popular cryptocurrencies in the crypto market (having more than 15,000 cryptocurrencies) currently. In terms of market cap, it is currently the 93rd largest digital currency (over US$677.85 million in market capitalizations). Should you invest in it? Is it a good investment? To answer all your queries, let me walk you through the OMG token, how it works, and many more.

What is the OMG Token (OMG)? How does it Work?

OMG Network (earlier called OmiseGo) is a non-custodial, layer2 scaling solution (known as MoreViable Plasma) that was created for the Ethereum blockchain. It has been designed in such a way so that it can enable users to transfer Ethereum (ETH) as well as ERC-20 tokens at a significantly faster and cheaper way than directly transacting on the Ethereum network. 

MoreViable Plasma uses a sidechain architecture for grouping many transactions off-chain into a batch. These batches can be verified on the Ethereum root chain as a single transaction. This technology enables this platform to scale Ethereum from its capability of 10-14 TPS on Ethereum 1.0 to thousands of TPS (Transactions Per Second). 

OMG utility token powers the OMG Network. On this network, this crypto coin is used as one of the payment methods for fees. OMG tokens can be staked too, thereby enabling to secure the network in return for rewards. In relation to the Ethereum network, this plasma-based sidechain solution reduces:

  • Power usage up to 99%
  • Fees by 2/3rd

These are ensured by securing to secure assets by the underlying Ethereum network. Reports say that OMG network will soon become Boba Network, where every holder of OMG token will receive a 1:1 airdrop of BOBA tokens. OMG Foundation heads the project. But after partnership with Enya, the project is building a new layer2 Ethereum optimistic rollup, Boba Network, for helping developers scale DApps. 

Vansa Chatikavanij founded the OMG Network, which operates as a subsidiary of a Thailand-based fintech firm known as SYNQA (earlier called Omise Holdings). Through an ICO (Initial Coin Offering) in 217, this platform raised US$25 million funds. In Series C funding, SYNQA (the parent company of OMG Network) raised another US$80 million. Major investment firms such as Sumitomo Mitsui Banking Corporation and Toyota Financial Services Corporation supported this series C funding. 

OMG Network Token (OMG): Facts & Figures

All these facts and figures (as of December 9, 2021) will help you to make a decision on investing in the OMG token. Before making OMG Network token transactions, check out these facts and figures associated with this cryptocurrency of choice:

  • OMG Network OMG Price: US$6.97 (OMG Current Price)
  • 24hour Trading Volume (24h Volume): US$602,771,429
  • All-Time High (ATH) Price: US$28.35 (reached on Jan 08, 2018)
  • All Time Low (ATL) Price: US$0.3197 (reached on Jul 16, 2017)
  • 24h Low: US$6.60
  • 7d Low: US$4.83
  • 30d Low: US$4.83
  • 90d Low: US$5.44
  • 52 Week Low: US$2.05
  • YTD (Year-To-Date) Return: 174.95% YTD (Year-To-Date)
  • Market Cap: US$977,845,130 (US$ 677.85 million)
  • Crypto Rank (in terms of market cap): 93rd in the crypto market
  • Fully Diluted Market Cap: US$977,845,136
  • Max Supply: 140,245,399
  • Total Supply: 140,245,398
  • Circulating Supply: 140,245,398.25 OMG (100%)

If you check the OMG Network price chart and price history, you’ll find that since its launch, the price of OMG has in fact increased by +1,202.49%. Since its all-time low, it has bounced back by +2,085.67%. From its ATH at US$28.35 (achieved on Jan 08, 2018), the current OMG price is still -75.35% down. So, before buying OMG tokens, you should check the fundamental and technical factors.

Always check out OMG markets, the ways to earn OMG Network tokens, market data, key metrics, comparison tools, and technical price analysis, top cryptocurrency price, and cryptocurrency news before trading or investing. Also, consult crypto financial advisors and get tips from them on trending coins, know the ways of buying cryptocurrencies, and how to earn crypto easily. 

OMG Network OMG Token Price Prediction

  • According to Wallet Investor, the average price of OMG is going to reach around:
  • US$12.289 by 2022
  • US$37.238 by 2026

  • According to Digital Coin Price, the average price of OMG is going to reach:
  • US$11.66 by 2022
  • US$15.02 by 2023
  • US$18.04 by 2024
  • US$20.86 by 2025
  • US$22.78 by 2026
  • US$28.88 by 2027
  • US$31.28 by 2028

  • According to Trading Beasts, the maximum price of OMG is going to reach:
  • US$7.73933 by 2022
  • US$8.79609 by 2023
  • US$9.90024 by 2024

  • According to GOV Capital, the average price of OMG is going to reach:
  • US$34.309 by 2022
  • US$73.906 by 2023
  • US$126.198 by 2024
  • US$190.522 by 2025
  • US$266.776 by 2026

Where can you Buy OMG tokens?

You can buy OMG tokens in almost all reputed cryptocurrency exchanges including:

  • Binance
  • Huobi Global
  • FTX
  • Coinbase Exchange
  • Binance.US
  • Exchange, and many more

You can use credit cards, debit cards, or money transfers from a bank account to fund your cryptocurrency trading or investing account in a leading cryptocurrency exchange. 

The most popular price pairs of OMG are:

  • OMG/BUSD, and many more.

Before investing, check out OMG history and its historical data, crypto news, OMG token price charts, price performance, market updates, OMG to USD (United States Dollar) exchange rate, the value of OMG token, the Bitcoin price trend (as OMG is one of the hard forks of the original Bitcoin token), trading fees, and others.

What are the Best Crypto Wallets to Store OMG tokens?

The best OMG token cryptocurrency wallets to store OMG coins are:

  1. Trezor Wallet
  2. Ledger Wallet
  3. Math Wallet
  4. Trust Wallet
  5. Atomic Wallet
  6. Coinbase Wallet

Invest in OMG token and Other Cryptocurrencies

You can buy and sell OMG and other virtual currencies against various fiat currencies (US Dollar USD, British Pound Sterling, Canadian Dollar CAD, South Korean WON, Singapore Dollar, Taiwan Dollar, Russian Ruble, Chinese Yuan, Hong Kong Dollar, etc.) through a wide array of crypto exchanges (centralized or decentralized exchanges), crypto APIs or mobile app, and OMG token markets. Use Dollar Cost Averaging DCA strategy to invest in cryptos to minimize the risks associated with high volatility. 

If you want to increase your investment explosively in the coming 5-to-10 years, buy crypto coins now. Keep an eye on the market news, price statistics, block times, blockchain news, and others to time your trading of Defi protocols and tokens for maximum profit. 

You can also diversify your crypto coin portfolio by including other digital assets such as OMG, XMR, FIL, ETC, WBTC, BCH, BTC ETH, AAVE, Ripple XRP, Bitcoin Ether ETH, Bitcoin Cash BCH, Basic Attention Token, Ethereum Classic, Shiba Inu SHIB, Binance Coin, Dogecoin price, Wrapped Bitcoin (some also call it wrap bitcoin or wBTC), USD Coin, Gemini Dollar, ERC20 tokens (created on Ethereum blockchain), nonfungible tokens NFTs, and others. 

Also check whether you can exchange OMG Network token with the fiat currencies of other countries such as South Africa, Saudi Arabia, the Republic of the Congo, United Arab Emirates, United Kingdom, South Korea, and other countries.

Invest in cryptocurrencies, various types of stocks, mutual funds, index funds, real estate, and others to improve your personal finance. If possible, get help from a portfolio manager or wealth management firm for maximum return. You can also increase your income through yield farming, using Telegram bots and other automated trading bots, and many more.

Invest in NapBots: A Dynamic Cryptocurrency Index

Whether you are a professional or retail investor, you can expose your capital to a diversified portfolio of digital assets & crypto asset classes by simply investing in NapBots. It is a smart crypto index service that introduces multifarious features and passive portfolio management strategies for enabling cryptocurrency investors to streamline their trading experience in new ways. 

NapBots provides you with various indices that include a basket of tokens with high market capitalization and is categorized by theme (such as Solana, NFT, DeFi, and others). This platform introduces an intuitive interface as well as advanced allocation tools for enabling new investors to create and manage advanced crypto indices easily.

The best part of NapBots is that it tracks and executes trades automatically on the basis of your pre-set choices of indexes. The platform is very affordable as it enables you to start trading as low as US$150 with a monthly service fee of just 2.5%, which is far below the current rate of other cryptocurrency index providers. Therefore, NapBots reduces the financial barriers and at the same time eliminates the need for human intervention and the consequent human error. 

Get started with crypto-asset investing by investing through, a dynamic crypto index for expanding diversified exposure to bitcoin and leading Crypto-assets at reduced financial barriers and no human error.