OmiseGo (OMG) Live Price Chart & History

Price USD -13.04%
$3.561585
Price BTC
0.00056813
Volatility (7d)
@volatility_7d %
Volatility (30d)
@volatility_30d %
Market Cap USD
$499.5M
Market Share
Live OMG / USD Price Chart

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Since launching at $0.534731 on 14/07/2017 OmiseGo has achieved a price of $3.5615846597, falling -32.11% in the last week alone.

OmiseGo Price Analysis: Predictions and Forecasts

Why buy OmiseGo? What is it used for?

OmiseGO is a public Ethereum-based financial technology for use in mainstream digital wallets, that enables real-time, peer-to-peer value exchange and payment services agnostically across jurisdictions and organizational silos, and across both fiat money and decentralized currencies. Designed to enable financial inclusion and disrupt existing institutions, access will be made available to everyone via the OmiseGO network and digital wallet framework, starting in Q4 2017... OmiseGO is building a decentralized exchange, liquidity provider mechanism, clearinghouse messaging network, and asset-backed blockchain gateway. OmiseGO is not owned by any single one party. Instead, it is an open distributed network of validators which enforce behavior of all participants. It uses the mechanism of a protocol token to create a proof-of-stake blockchain to enable enforcement of market activity amongst participants. This high-performant distributed network enforces exchange across asset classes, from fiat-backed issuers to fully decentralized blockchain tokens (ERC-20 style and native cryptocurrencies). Unlike nearly all other decentralized exchange platforms, this allows for decentralized exchange of other blockchains and between multiple blockchains directly without a trusted gateway token. Markets may be able to signifi- cantly reduce spreads and encourage market assurance via decentralizing custody and increased transparency of market activity. This is achieved using smart contracts, protocol tokens enforcing correct market behavior of orderbook matching, a new construction of Ethereum bonded external enforcement of clearinghouse activity, and commitments to historical exchange data for use with Ethereum smart contracts.
OmiseGo was launched in 14/07/2017. It uses the Proof of work method of consensus, and is based on the N/A algorithm. OmiseGo's goals include Focuses on user friendliness, mainstream digital wallets, real-time, peer-to-peer value exchange, fiat money and decentralized currencies, enables financial inclusion and disrupt existing institutions, access will be made available to everyone via the OmiseGO network, White label Wallet,Trustless transactions between parties, Freedom of payments, Counterfeiting impossible, Fraud resistant, No single point of failure, No % based transfer costs.

Will the price OmiseGo fall continue to rise?

It's impossible to predict for sure if OmiseGo is due for a crash or is headed to the moon, but this is what we do know:

  • In the past 7 days OmiseGo has fallen by -32.11%
  • In the past month it has lost -87.326261023271%
  • In total it has appreciated by $3.0268536597 since its inception, a change of 666.05%

Can OmiseGo reach, replace, pass or overtake bitcoin?

At present OmiseGo is trading at 0.00056813 BTC. In order to reach Bitcoin's current price of $15000 USD it would need to grow by 176,016.1%. If we assume OmiseGo continued to as it has in the last month - with a price change of -87.33% it would take -0.33668368554023 years just to reach Bitcoin's current price. To overtake bitcoin will take longer.

Price Targets:

If you're wondering if the price of OMG is going to take off and increase in price to a higher level we've done the math for you.
In order for OmiseGo to reach $5.00 it needs to increase in price by a factor of 1.40x. Given its present growth rate of -87.33% per month, it could take just 9.7 months to hit a price target of $5 USD

What is the probability of hitting $5.00 over time?

Time periodChance final price > $5Chance final price < $5
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These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for OmiseGo to reach $10.00 it needs to increase in price by a factor of 2.81x. Given its present growth rate of -87.33% per month, it could take just 2.5 years to hit a price target of $10 USD

What is the probability of hitting $10.00 over time?

Time periodChance final price > $10Chance final price < $10
1 week0%100%
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These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for OmiseGo to reach $15.00 it needs to increase in price by a factor of 4.21x. Given its present growth rate of -87.33% per month, it could take just 3.4 years to hit a price target of $15 USD

What is the probability of hitting $15.00 over time?

Time periodChance final price > $15Chance final price < $15
1 week0%100%
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1 year0%100%
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These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for OmiseGo to reach $25.00 it needs to increase in price by a factor of 7.02x. Given its present growth rate of -87.33% per month, it could take just 4.6 years to hit a price target of $25 USD

What is the probability of hitting $25.00 over time?

Time periodChance final price > $25Chance final price < $25
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These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for OmiseGo to reach $50.00 it needs to increase in price by a factor of 14.04x. Given its present growth rate of -87.33% per month, it could take just 6.3 years to hit a price target of $50 USD

What is the probability of hitting $50.00 over time?

Time periodChance final price > $50Chance final price < $50
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These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for OmiseGo to reach $100.00 it needs to increase in price by a factor of 28.08x. Given its present growth rate of -87.33% per month, it could take just 8.0 years to hit a price target of $100 USD

What is the probability of hitting $100.00 over time?

Time periodChance final price > $100Chance final price < $100
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These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for OmiseGo to reach $200.00 it needs to increase in price by a factor of 56.15x. Given its present growth rate of -87.33% per month, it could take just 9.6 years to hit a price target of $200 USD

What is the probability of hitting $200.00 over time?

Time periodChance final price > $200Chance final price < $200
1 week0%100%
1 month0%100%
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These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for OmiseGo to reach $300.00 it needs to increase in price by a factor of 84.23x. Given its present growth rate of -87.33% per month, it could take just 10.6 years to hit a price target of $300 USD

What is the probability of hitting $300.00 over time?

Time periodChance final price > $300Chance final price < $300
1 week0%100%
1 month0%100%
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1 year0%100%
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These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for OmiseGo to reach $400.00 it needs to increase in price by a factor of 112.31x. Given its present growth rate of -87.33% per month, it could take just 11.3 years to hit a price target of $400 USD

What is the probability of hitting $400.00 over time?

Time periodChance final price > $400Chance final price < $400
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy

Is OmiseGo a good investment? Is it safe to put my money into OMG?

No, it is not a 'good investment' to buy OmiseGo, and given the market volatility it is certainly not safe either. We would urge you to not to consider buying or trading OmiseGo as an investment but purely speculation.

It is certainly possible to profit from an increase in the value of OMG - and if you short the coin you might even profit from a crash in the market.

However with so much uncertainty in the market the best you can do is make an educated guess as to the direction of the price or the mood of the market. If you're not informed on the fundamentals that's pretty close to a gamble.

Remember, your capital is at risk.. Trading conditions can change at any time without prior notice. Buying, holding or trading is a high risk activity that may incur significant losses over a short period of time

Market Sentiment

How popular is OmiseGo? Interest Over Time

Where is OmiseGo most popular?

OmiseGo Development + Team

There are @research_team_dev_size developers coding the source behind OmiseGo There are no sales or marketing staff on the team which could impede the coin's growth.

OmiseGo publishes bios of all of its team members at their website which can help investors understand the motivations and people behind the project

The team for OmiseGo is lead by Jun Hasegawa,

The team is not active on the social media channels, which can be a troubling sign. Their blog is updated regularly with news and information on OmiseGo's development

.

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