An all new Crypto-Pick,
OMG-Omisego
I have been following OMG since its start in 2017 It hit the market at around 20c than doubled to 40c within days. From there OMG only seemed to know one direction...
Up
Than February of 2018 came along and many, many coins share the same destiny Omg followed.
The last week from November 19th to November 26th OMG jumped up more than 50% and is back ranked at Number 38 on coinmarketcap.com
What is Omise go?
Vitalik Buterin Ethereums Co-Founder tweeted a picture of an OMG sticker on his Laptop in 2017.In the times crazy Initial Coin Offerings were raising incredible amount of money OMG seemed to be the legit one Erc20 token out there. Remember that picture anyone?
The Thailand based OmiseGO describes itself as:
“The answer to a fundamental coordination problem amongst payment processors, gateways and financial institutions”.
The goal of the platform is not so much to be a cryptocurrency such as bitcoin but rather to offer customers an alternative to online exchanges.
How does Omg work?
The Omisego Network offers a Layer-2 scaling solution which is entirely trustless and non-custodial.This solves the scalability issue Ethereum??has been facing and ensures the OMG Network can operate at extremely high speed.The OMG blockchain uses a Proof of Stake consensus which handles transfers between e-wallets and as stated above it is totally trustless without the requirement of any credence between the parties. OmiseGo (OMG) is interoperable and supports both the Ethereum blockchain and the Lightning Network payment technology.
Outlook:
I have seen Omg grow from 20c to more than 20$ already the question is whether Omisego can do it again?
This chart is from coinmarketcap.com:
When looking at OMG-Omisego's all time high around mid January 2018 it seems that the coin still has alot of room to grow.
Just remember this is no financial advise.
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