Price Predictions

Omg Price Prediction – Is $OMG token a Good Investment?

5 Mins read

Welcome to bulliscoming OMG price prediction. The current CoinMarketCap ranking is #61, with a live market cap of $1,981,140,075 USD. It has a circulating supply of 140,245,398 OMG coins and a max. supply of 140,245,399 OMG coins.

If you would like to know where to buy OMG Network, the top exchanges for trading in OMG Network are currently Binance, Huobi Global, Mandala Exchange, OKEx, and FTX.

What Is OMG Network (OMG)?

Omg Price Prediction

OMG Network, formerly known as OmiseGo, is a non-custodial, layer-2 scaling solution built for the Ethereum blockchain.

As an Ethereum scaling solution, OMG Network is designed to allow users to transfer ETH and ERC20 tokens significantly faster and cheaper than when transacting directly on the Ethereum network.

The network is based on a novel scaling solution called MoreViable Plasma, which uses a sidechain architecture to group several transactions off-chain into a batch, which can then be verified as a single transaction on the Ethereum root chain.

According to OMG Network, this technology has the potential to scale Ethereum to thousands of transactions per second (TPS) — instead of the 10 to 14 tps Ethereum 1.0 is currently capable of.

The network is powered by the OMG utility token, which can be used as one of the payment methods for fees on the OMG Network, and will eventually be stakable — helping to secure the network in return for rewards.

Who Are the Founders of OMG Network?

The OMG Network currently consists of a team of more than 50 employees scattered across the world. It was founded by Thai-born Vansa Chatikavanij and operates as a subsidiary of SYNQA — a Thailand-based fintech firm that was formerly known as Omise Holdings.

As the projector founder, Vansa Chatikavanij received a master’s degree in earth and environmental sciences at New York’s Columbia University.

Following this, Chatikavanij held several consulting roles at prominent financial institutions including the International Finance Corporation (IFC) and World Bank Group, before founding OMG Network (then OmiseGo) in 2017.

Chatikavanij held the role of managing director at the company until 2019, before transitioning to the role of CEO, which she still holds to this day.

Beyond this, Stephen McNamara — former head of blockchain R&D strategy at Huawei Technologies — is OMG Network’s COO, whereas Kasima Tharnpipitchai, a heavily experienced engineer and consultant, is its CTO.

OMG Price Prediction 2021

MonthAverage Price ($)Change (%)
Feb 2021$23.59 USD66.29 %
Mar 2021$23.7 USD67.04 %
Apr 2021$20.78 USD46.5 %
May 2021$22.81 USD60.8 %
Jun 2021$19.69 USD38.82 %
Jul 2021$20.76 USD46.3 %
Aug 2021$19.85 USD39.93 %
Sep 2021$21.52 USD51.71 %
Oct 2021$23.68 USD66.94 %
Nov 2021$22.73 USD60.19 %
Dec 2021$23.51 USD65.72 %

OMG Network Price Prediction 2022

MonthAverage Price ($)Change (%)
Jan 2022$21.63 USD52.45 %
Feb 2022$22.64 USD59.61 %
Mar 2022$26.06 USD83.69 %
Apr 2022$22.87 USD61.19 %
May 2022$28.02 USD97.53 %
Jun 2022$22.43 USD58.08 %
Jul 2022$23.76 USD67.49 %
Aug 2022$26.36 USD85.83 %
Sep 2022$24.6 USD73.39 %
Oct 2022$25.2 USD77.63 %
Nov 2022$23.18 USD63.39 %
Dec 2022$21.43 USD51.05 %

OMG Price Prediction 2023

MonthAverage Price ($)Change (%)
Jan 2023$34.54 USD143.44 %
Feb 2023$28.77 USD102.78 %
Mar 2023$33.64 USD137.1 %
Apr 2023$34.17 USD140.84 %
May 2023$29.52 USD108.08 %
Jun 2023$31.98 USD125.42 %
Jul 2023$33.54 USD136.42 %
Aug 2023$32.22 USD127.15 %
Sep 2023$25.07 USD76.71 %
Oct 2023$26.52 USD86.91 %
Nov 2023$28.95 USD104.07 %
Dec 2023$32.3 USD127.7 %

OMG Price Prediction 2024

MonthAverage Price ($)Change (%)
Jan 2024$30.84 USD117.36 %
Feb 2024$39.43 USD177.96 %
Mar 2024$33.73 USD137.79 %
Apr 2024$37.22 USD162.39 %
May 2024$35.06 USD147.15 %
Jun 2024$41.72 USD194.07 %
Jul 2024$38.46 USD171.08 %
Aug 2024$33.16 USD133.73 %
Sep 2024$41.02 USD189.18 %
Oct 2024$33.22 USD134.13 %
Nov 2024$40.04 USD182.27 %
Dec 2024$42.02 USD196.16 %

OMG token Network Price Prediction 2025

MonthAverage Price ($)Change (%)
Jan 2025$46.53 USD227.99 %
Feb 2025$48.96 USD245.11 %
Mar 2025$36.48 USD157.13 %
Apr 2025$47.86 USD237.34 %
May 2025$44.76 USD215.48 %
Jun 2025$41.72 USD194.12 %
Jul 2025$36.8 USD159.43 %
Aug 2025$41.18 USD190.31 %
Sep 2025$46.8 USD229.91 %
Oct 2025$40.73 USD187.13 %
Nov 2025$35.97 USD153.56 %
Dec 2025$47.62 USD235.64 %

OMG Network Price Prediction 2026

MonthAverage Price ($)Change (%)
Jan 2026$46.55 USD228.1 %
Feb 2026$49.75 USD250.69 %
Mar 2026$47.86 USD237.36 %
Apr 2026$44.96 USD216.95 %
May 2026$45.1 USD217.9 %
Jun 2026$47.4 USD234.14 %
Jul 2026$49.1 USD246.1 %
Aug 2026$47.89 USD237.6 %
Sep 2026$43.66 USD207.75 %
Oct 2026$42.87 USD202.22 %
Nov 2026$53.75 USD278.88 %
Dec 2026$43.98 USD210.03 %

OMG Network Price Prediction 2027

MonthAverage Price ($)Change (%)
Jan 2027$55.86 USD293.79 %
Feb 2027$60.46 USD326.15 %
Mar 2027$59.65 USD320.48 %
Apr 2027$62.9 USD343.36 %
May 2027$61.26 USD331.79 %
Jun 2027$58.72 USD313.9 %
Jul 2027$62.4 USD339.85 %
Aug 2027$59.99 USD322.89 %
Sep 2027$60.95 USD329.65 %
Oct 2027$52.15 USD267.62 %
Nov 2027$63.28 USD346.03 %
Dec 2027$56.06 USD295.14 %

OMG Network Price Prediction 2028

MonthAverage Price ($)Change (%)
Jan 2028$67.52 USD375.95 %
Feb 2028$57.23 USD303.43 %
Mar 2028$70.43 USD396.47 %
Apr 2028$67.43 USD375.29 %
May 2028$59.79 USD321.45 %
Jun 2028$69.8 USD392 %
Jul 2028$64.18 USD352.41 %
Aug 2028$62.84 USD342.93 %
Sep 2028$65.79 USD363.76 %
Oct 2028$66.08 USD365.82 %
Nov 2028$58.96 USD315.59 %
Dec 2028$62.88 USD343.24 %

* Our predictions are made on the basis of Historical Data. We are not responsible for any profit / loss

What Makes OMG Network Unique?

OMG Network believes that Ethereum’s significant speed and cost barriers will need to be overcome before mainstream businesses will consider building their products and applications on the network.

As such, the OMG Network project is built to help make Ethereum more attractive to businesses and projects that want to scale while simultaneously cutting down on their carbon footprint.

It achieves this with its plasma-based sidechain solution, which can help reduce electricity usage by up to 99% compared to Ethereum and cut fees by around two-thirds while ensuring assets remain secured by the underlying Ethereum network.

The platform itself is supported by $25 million in funding obtained during its 2017 initial coin offering (ICO).

Moreover, OMG Network parent firm SYNQA recently raised a further $80 million in Series C funding — and was supported by several major investment firms, including Toyota Financial Services Corporation and Sumitomo Mitsui Banking Corporation.

How Many OMG Network (OMG) Coins Are There in Circulation?

Like most cryptocurrencies, OMG Network tokens have a fixed maximum supply. This is set at exactly 140,245,398 OMG and will never increase beyond this point.

Unlike many other cryptocurrencies, this total supply has already been fully minted, with the majority already in active circulation.

Of the total supply, 65.1% of tokens were distributed to investors and 5% were distributed in an airdrop, whereas the last 29.9% is held by the project and team.

Of this 29.9%, 20% is locked in the OMG Network reserve smart contract for funding future developments and network validation, and the remaining 9.9% is reserved for the founding team.

Both the OMG reserve and team allocation were locked for one year, but this has since elapsed.

How Is OMG Network Secured?

The OMG Network mainnet will eventually move to a proof-of-stake (POS) consensus system, which will allow users to stake their tokens to help secure the network and earn rewards.

Until then, OMG Network child chains are secured by a proof-of-authority (PoA) consensus mechanism, which is basically a simplified form of proof-of-stake which is controlled by a single block producer (OMG Network itself) for now — which essentially stakes its reputation on staying honest.

OMG Network plans to transition to proof-of-stake as soon as it’s ready, following which OMG holders will be able to become stakeholders in the success and security of the network, by delegating their stake to validators.

Where Can You Buy OMG Network (OMG) Tokens?

OMG tokens are highly liquid and can be purchased or traded on well over 200 different exchange platforms, including several top 10 exchanges — such as Coinbase Pro and Binance. Some of the most popular trading pairs include OMG/USDT, OMG/BTC, and OMG/ETH.

OMG can also be traded against several fiat currencies, including U.S. dollars (USD), euros (EUR), and British pound sterling (GBP).

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About author
Johnmiracle Ejikeme is a 7 Figure digital network marketer, crypto enthusiast, and a trader. A humble fellow that fancy investing and technology.
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