OmiseGo (OMG) is one of the cryptocurrencies that is quickly gaining traction with time. Despite the drop in price over the last three months, the crypto coin has tried its best remain a top. Actually, the bearish trend has cut across the cryptocurrency market and it has affected almost all the major crypto coins.
If you look at the history of OmiseGo (OMG), the coin has been on a constant rise, which was magnified during the festive season in December 2017. In Mid January 2018, a single OMG crypto coin’s value went up past $25, which was the highest price that this crypto coin has registered since.
OmiseGo has depreciated by around 64% over a period of three months.
However, the digital coin had tried to get back up in Mid February. At the beginning of February, its value had gone as low as $7.67. But by mid-Feb, the value had risen to slightly above $20. This was quite an improvement. Actually, this was the time that the crypto coin was expected to get back on foot if it had not started depreciated again.
Future OMG projections
Over the last 5 days, the OmiseGo has been on a bullish trend, which is expected to continue at least for some months to get to where its value in mid-Feb was.
It has registered 18% appreciation down from $7.71 on ‘fool’s Day’. This is quite a good encouragement for investors.
But even with the previous depreciation in value, OmiseGo (OMG) users still have hope in the blockchain technology. The users are confident about the capability of the network to facilitate financial services across places and applications.
Its White-label SDK, which allows users to carry out wallet to wallet transactions of fiat as well as cryptocurrency coins is a big plus to the network. Another advantage of OmiseGo (OMG) is the fact that it uses Ethereum Smart Contracts.
Another feature that keeps OmiseGo ahead of the rest of the cryptocurrencies is the Plasma architecture that guarantees user with unlimited scalability thus making way for unmatched transaction speeds.
Also, its growing list of partners are also building its financial muscle. The more Partners the digital coin is getting, the more users and thus more funds that the digital coin is getting. Some of the companies that have partnered with OmiseGo include: SBI Investment, Golden Gates Ventures, SMBC Sumitomo Mitsui Banking Corporation among many others.