OmiseGO, a cryptocurrency and payment network based on the Ethereum blockchain, is currently trading at $8.01 USD per token. With a market cap of $1 billion, it has been ranked as the 46th largest cryptocurrency by market capitalization.
OmiseGO is a cryptocurrency that has been around for quite some time. The price of the coin, which was $0.07 at the beginning of 2018, has increased over 3,000% in the last year alone.
You may have heard about OmiseGO if you follow the cryptocurrency industry. In fact, I recently showed you how to purchase OmiseGO.
For those unfamiliar with OmiseGo, it is a blockchain-based payment network that allows unbanked individuals to conduct online payments. In other words, OmiseGO aspires to be a bitcoin version of PayPal.
We haven’t spoken about the OmiseGO (OMG) coin in a few months, and many of you are undoubtedly thinking, “Is OmiseGO a worthwhile investment?” Continue reading for a detailed OmiseGO price forecast for 2020, 2022, and 2025.
Price Analysis of OmiseGO in the Past
On July 6th, 2017, the OmiseGO blockchain became live. The OMG token’s initial coin offering (ICO) took place on June 23rd, 2017 at a price of 0.24 USD/OMG. The price of OMG has fluctuated significantly, as it has with other cryptocurrencies. The graph below depicts OMG’s whole history:
The initial price of OMG was 0.39 USD, and it hit an all-time high of 25.62 USD on January 13th, 2018.
The all-time low occurred on March 13th, 2020, little over five months ago; this was a particularly terrible day for cryptocurrencies in general and is regarded as “the day the crypto market crashed.” One OMG was worth 0.35 USD that day.
Details on the current price, market capitalization, and supply
The price of OmiseGO is presently 1.60 USD, with a market capitalization of approximately 223 million dollars and a 24-hour trading volume of over 51 million dollars.
One notable feature of OMG is that all 140,245,398 tokens have already been distributed. This indicates that there are no more tokens available for mining.
If the OmiseGO project succeeds, the value of any tokens you hold will skyrocket.
Price Prediction for OmiseGO (Future)
Of course, no one can predict the future with 100% accuracy. Cryptocurrency traders, on the other hand, have created proprietary algorithms that evaluate previous prices, trends, and other data to forecast short- and long-term cryptocurrency values.
These algorithms may be used to determine if a certain token seems to be a good investment or not.
Let’s take a look at the OmiseGO price forecast:
Forecast for the Near Future
Forecast for the Long-Term
Price Prediction for OmiseGO in 2020
OMG’s price should be about 2.8 USD at the end of 2020 or the beginning of 2021, according to price prediction algorithms. This would result in a value rise of 75%.
Price Prediction for OmiseGO in 2022
OMG is projected to be valued about 3.6 USD by mid-2022, a 125 percent increase from its present value.
Price Prediction for OmiseGO in 2025
OMG is anticipated to take off by 2025. The expected price is about 28.90 USD. Even higher than the existing all-time high, indicating a 1,700 percent gain over the current price.
Is it a Good Idea to Invest in OmiseGO?
The key to the token’s success and value, like with every blockchain initiative, is widespread adoption. The concept of providing financial services to the unbanked seems to be sound.
This may help OmiseGO if it can be translated into real-world applications like peer-to-peer payments, international money transfers, debit cards, or service top-ups, as well as interaction with current payment systems.
And it’s clear that progress is being made in that direction. The OmiseGO platform’s prospective usage, as well as the algorithm price forecasts, make OMG seem to be a promising long-term investment.
How can I purchase OmiseGO?
If you’ve chosen to purchase some OMG tokens, you’ll discover that the process is similar to that of purchasing other cryptocurrencies. It’s just a question of locating the appropriate exchange, funding your account, and placing your order.
Click here to read the entire article with comprehensive instructions on how to purchase OMG.
OmiseGO’s website has further details.
What exactly is OmiseGO?
OmiseGO is the name of a blockchain-based platform as well as the cryptocurrency token that drives it. The OmiseGO blockchain seeks to build a payment network (similar to PayPal) for the billions of individuals who do not have bank accounts across the globe.
The Team
OmiseGO was established in Thailand, and the company now has offices in Thailand, Japan, Indonesia, Singapore, and Malaysia. Their group comprises of the following individuals:
- Ezra Don Harinsut is the CEO and Co-Founder of Ezra Don Harinsut.
- Jun Hasegawa is the CEO of the company and a co-founder.
- Chief Operating Officer Anuchit Chitpirom
- Chief Information Officer, Frederico Araujo
- Chief Technology Officer, Robin Clart
- June Seah is the Chief Business Development Officer for the company.
- Chief Financial Officer Kazuhiro Koiso
Where can I get updates about OmiseGO?
Because the success of OmiseGO is largely reliant on their ability to interface with current services and other collaborations, the team may create ways for you to stay up to speed on the newest news.
Their official Twitter account, @Omise, is one source of information.
You may also read the latest news from the OMG Network by clicking here.
Cointelegraph also has a page dedicated to OmiseGO news, which you can find here.
Conclusion
OmiseGO is a project that has a lot of potential. Unbanked individuals are in the millions all over the world, particularly in Asia, Africa, and Latin America. You won’t be able to use credit/debit cards or make electronic transactions if you don’t have a bank account.
These individuals will be able to use OmiseGO’s payment services without needing to establish bank accounts. They also aim to “unbank the banked” by providing better services to those who already have accounts.
This is an appealing idea in a world where decentralized money is growing more prevalent. OMG’s long-term prospects seem promising.
OMG is now a low-cost crypto token to acquire. If you have a few more bucks to spare, OMG is definitely worth investigating.
If you run a small company, you may want to think about taking OMG payments. Remember that the coin’s entire quantity is currently in circulation, which means that any tokens you possess will be very valuable if the project takes off.
The omisego price prediction today is a cryptocurrency with a current market cap of $2,856,942,295. OmiseGO has experienced significant growth since its inception in 2013 and is expected to grow even more in the future.
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