OmiseGO Crypto
| OMG Crypto | USD 0.29 0.01 3.33% |
Performance4 of 100
| Risk Of DevaluationOver 53
|
OmiseGO is trading at 0.29 as of the 21st of November 2024, a 3.33% down since the beginning of the trading day. OmiseGO has 53 percent odds of going through some form of financial distress in the next two years and did not have a very good performance for investor during the last 90 trading days. Cryptocurrency ratings for OmiseGO are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 23rd of August 2024 and ending today, the 21st of November 2024. Click here to learn more.
OMG is peer-to-peer digital currency powered by the Blockchain technology. More on OmiseGO
OmiseGO is a digital token from an online market maker for p2p online currency indicated as Cryptocurrency. OmiseGO has been active in the last 3 months, and it is presently trading with a bearish sentiment. Cryptocurrencies such as OmiseGO are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as OmiseGO are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.
OmiseGO Crypto Coin Highlights
Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. OmiseGO's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding OmiseGO or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
| Business Concentration | Technology, Cryptocurrency, Blockchain (View all Sectors) |
OMG is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on 10 exchanges in multiple currencies. OMG Network (OMG) is a decentralized, public network built to enable high throughput, low-cost peer-to-peer transactions. Leveraging Layer-2 Plasma architecture, it provides scalability and strong safety guarantees for building decentralized payment apps on Ethereum. $OMG is the native token used for transactions and paying fees on the network. The Community Points Engine (CPE) allows communities to create scalable points and rewards systems using the network in a trustless manner. The project was founded by Jun Hasegawa and Ezra Don Harinsut in 2013. | |
| Other Smart Contract Address | View |
| Industry | Financial and Insurance Activities |
| FINMA | Utility |
| FCA | Utility |
| Access | Permissionless |
| Collateralized Asset | No |
| Symbol | OMG |
| Market Performance Rating | E+ |
| Name | OMG |
| Proof Type | PoS |
| Sponsored | false |
| Built On | ETH |
| Asset Whitepaper Url | View |
| Decimal Points | 18.0 |
| Is Trading | true |
| Asset Launch Date | 2017-07-06 |
| Full Name | OMG Network (OMG) |
| Asset Website Url | https://omg.network/ |
| Asset Token Status | Finished |
| Platform Type | token |
| Coin Name | OMG Network |
| Total Coins Mined | 140.25 Million |
| Smart Contract Address | View |
OmiseGO (OMG) is traded on CRYPTO Exchanges. OMG is peer-to-peer digital currency powered by the Blockchain technology. The coin currently falls under 'Nano-Cap' category with a current market capitalization of 34.78 K. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate OmiseGO's market, we take the total number of its shares issued and multiply it by OmiseGO's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.
OmiseGO's Exchanges and Markets
HitBTC Bitfinex Unocoin Kraken Poloniex DigiFinex BTCMarkets Bibox Bitso CoinExOmiseGO Risk Profiles
| Mean Deviation | 4.26 | |||
| Semi Deviation | 4.36 | |||
| Standard Deviation | 7.64 | |||
| Variance | 58.31 |
OmiseGO Technical Analysis
When it comes to investing in cryptocurrency, such as OmiseGO, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of OmiseGO, which is currently traded at 0.29, shows everything you need to know about OmiseGO market value. You don't have to consider the fundamental factors that affect a crypto asset, such as OmiseGO, to determine its price movements. However, the OmiseGO's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so OmiseGO's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project OmiseGO's future price trendTransformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. OmiseGO Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe OmiseGO price patterns.
OmiseGO Against Markets
Be your own crypto manager
Our tools can tell you how much better you can do entering a position in OmiseGO without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.Did you try this?
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Portfolio VolatilityCheck portfolio volatility and analyze historical return density to properly model market risk |
| All Next | Launch Module |
How to invest in OmiseGO
You need to understand the risk of getting into digital currencies such as OMG before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in OmiseGO in four ways:Buy OMG through an exchange
Get yourself a crypto wallet before embarking on your OmiseGO journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase OmiseGO. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.Purchase fractions of OmiseGO through an exchange
You don't have to buy a full token when starting out since OMG is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.Trade OmiseGO through a broker
If you don't want to store your OmiseGO Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.Invest in OMG through an exchange-traded fund (ETF)
You can also invest in OMG through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.Investing Ideas
In addition to having OmiseGO in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Thematic Opportunities
Explore Investment Opportunities
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OmiseGO. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.