OMG Network
Last modified on 12. October 2020
Quick Facts
In August 2017, coinmarketcap.com began the tracking of real-time OMG Network trading data.
Quarterly Averages
This section presents the quarterly averages (trimester) for trading volume, market capitalization and trading price for 2017, 2018, 2019 and 2020.
Trading Volume & Market Capitalization
For example, OMG Network had an average trading volume of nearly US$ 46 m per day for the first trimester of 2019. This figure came to over US$ 72 m during the same time frame in the previous year. The trading volume dropped by 37 percent accordingly.
For the first trimester of 2019, the average market capitalization equated to nearly US$ 190 m. This figure came to over US$ 1.6 bn during the same time frame in 2018. Market capitalization dropped down accordingly by 88.3 percent.
Trading Price
The average trading price during the first trimester of 2019 equated to just above US$ 1.39. This figure came to just under US$ 16.9 during the same time frame of 2018. The price dropped accordingly by 91.8 percent.
The all-time high of OMG Network in 2018
The price of the OMG Network currency climbed to a peak in January 2018 at nearly US$ 28.4. The equivalent market capitalization of the token reached over US$ 2.4 billion. This put OMG Network in the ballpark of certain other digital currencies, such as Verge, Siacoin, Bytecoin, Populous and Stratis, among others.
OMG Networks all-time high compared to Bitcoin and the most renowned companies worldwide
Bitcoin, by far the largest cryptocurrency at the time, had a market capitalization of US$ 255 billion on that day. Apple Inc., one of the most highly valued brands in the world, stood at US$ 887 billion. And Volkswagen AG, the world’s largest vehicle manufacturer as of 2018, at US$ 108 billion.
- OMG Network (OMG): 2.4 bn US dollars
- Bitcoin (BTC): 255 bn US dollars
- Apple (AAPL): 887 bn US dollars
- VW (VWAGY): 108 bn US dollars
- Date: 8 January 2018
March 2019: an interesting date following the big cryptocurrency crash
On 1 March 2019, the price of OMG Network stood at US$ 1.37 with a market capitalization of nearly US$ 187 million. This is a decline down to approximately 4.8 percent in comparison with the peak trading price described above.
Around that time, Ethereum dropped to about 9.7 and Bitcoin to approximately 19.5 percent of their all-time-high trading prices.
More Details
The OMG Network-Token is not a native cryptocurrency and is not created by mining. It has no maximum number of tokens, unlike HedgeTrade, for example. Those interested in the source code should also take a look at the GitHub page.
This block explorer can be used to track the current block height and other recently updated statistics around all OMG Network transactions.
To find out more about OMG Network, download the white paper or find more links to community forums, source code and social media channels, visit omisego.co.
Markets
EUR
Two large markets for buying or selling OMG Network in EUR are Kraken and Coinbase Pro. Additional trading platforms for buying or selling OMG Network in EUR are Bitvavo, CoinMetro and Folgory, among others.
USD
Four large markets for buying or selling OMG Network in USD are Kraken, Coinbase Pro, Binance and Bitfinex. Additional trading platforms for buying or selling OMG Network in USD are BKEX, Bilaxy and ZB.COM, among others.
BTC
Three large markets for buying or selling OMG Network in BTC are Coinbase Pro, Binance and Bitfinex. Additional trading platforms for buying or selling OMG Network in BTC are HitBTC, Bitcoin.com Exchange and OKEx, among others.
1. This figure changes to 0.3803 percent when taking Bitcoin out of the equation.