OMG Network Profile

OMG
 Crypto
  

USD 2.36  0.16  7.27%   

Market Performance
1 of 100
Odds Of Distress
Over 84
OMG Network is trading at 2.36 as of the 8th of August 2022, a 7.27 percent increase since the beginning of the trading day. OMG Network has a very high chance of experiencing financial distress in the next few years of operation. It also did not have a very good performance during the last 90 trading days. Cryptocurrency ratings for OMG Network are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of July 2022 and ending today, the 8th of August 2022. Click here to learn more.
OMG Network is peer-to-peer digital currency powered by the Blockchain technology. 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. More on OMG Network

Moving together with OMG Network

0.95XRPXRPPairCorr
0.8SOLSolanaPairCorr
OMG Network is a market place for p2p online currency indicated as Cryptocurrency. OMG Network has been active in the last 3 months, and it is now expressing a bullish sentiment. Cryptocurrencies such as OMG Network are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as OMG Network are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

OMG Network Crypto Coin Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. OMG Network's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding OMG Network or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
OMG Network has very high historical volatility over the last 90 days
Latest headline from retailwire.com: Should the cryptocurrency crash scare retailers RetailWire - RetailWire
Exchanges
BitBay BitFlip Bitstamp Coinbase Kraken Bitfinex Bitso Exmo P2PB2B Simex Yobit Bgogo Bibox Binance CoinBene CoinEx CoinTiger DigiFinex EXX FCoin HitBTC Kucoin LBank Liqui RightBTC ZB Zecoex ABCC Abucoins BTER BigONE BitMart Bitinfi Braziliex Catex CoinJar Cryptopia IDAX IQFinex Liquid Nuex OpenLedger Poloniex Tidex Tokenomy Bithumb Coinnest Coinone Korbit DDEX EtherDelta IDEX Switcheo Bitsane
AlgorithmN/A
Coin TypeOMG Network
Proof TypePoS
TechnologyBlockchain
Total Coins Mined140.25 Million
Circulating Supply140.25 Million
Maximum Supply140.25 Million
Launch Date2017-06-23
Websitehttps://omisego.network/
OMG Network (OMG) is traded on CRYPTO Exchange. OMG Network is peer-to-peer digital currency powered by the Blockchain technology. 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 that enforce the 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.Owning OMG tokens buys the right to validate this blockchain, within its consensus rules. Transaction fees on the network including payment, interchange, trading, and clearinghouse use, are given to non-faulty validators who enforce bonded contract states. The token will have value derived from the fees derived from this network, with the obligation/cost of providing validation to its users

OMG Network Target Price Odds Analysis

What are OMG Network's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of OMG Network jumping above the current price in 90 days from now is about 32.3%. The OMG Network probability density function shows the probability of OMG Network crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon OMG Network has a beta of 0.3064. This indicates as returns on the market go up, OMG Network average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding OMG Network will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. OMG Network is significantly underperforming DOW.
  Odds Below 2.36HorizonTargetOdds Above 2.36
67.61%90 days
 2.36 
32.30%
Based on a normal probability distribution, the odds of OMG Network to move above the current price in 90 days from now is about 32.3 (This OMG Network probability density function shows the probability of OMG Network Crypto Coin to fall within a particular range of prices over 90 days) .
OMG Network is peer-to-peer digital currency powered by the Blockchain technology. 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 that enforce the 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.Owning OMG tokens buys the right to validate this blockchain, within its consensus rules. Transaction fees on the network including payment, interchange, trading, and clearinghouse use, are given to non-faulty validators who enforce bonded contract states. The token will have value derived from the fees derived from this network, with the obligationcost of providing validation to its users

OMG Network Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. OMG Network market risk premium is the additional return an investor will receive from holding OMG Network long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in OMG Network. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although OMG Network's alpha and beta are two of the key measurements used to evaluate OMG Network's performance over the market, the standard measures of volatility play an important role as well.

OMG Network Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. OMG Network Price Ceiling Movement function is a real number to the largest previous price integer.
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OMG Network Against Markets

Picking the right benchmark for OMG Network crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in OMG Network crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for OMG Network is critical whether you are bullish or bearish towards OMG Network at a given time.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in OMG Network without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to invest in OMG Network

You need to understand the risk of getting into digital currencies such as OMG before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in OMG Network in four ways:

Buy OMG through an exchange

Get yourself a crypto wallet before embarking on your OMG Network journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase OMG Network. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of OMG Network through an exchange

You don't have to buy a full token when starting out since OMG is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade OMG Network through a broker

If you don't want to store your OMG Network Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in OMG through an exchange-traded fund (ETF)

You can also invest in OMG through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having OMG Network in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Please check Your Equity Center. Note that the OMG Network information on this page should be used as a complementary analysis to other OMG Network's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Other Tools for OMG Network Crypto Coin

When running OMG Network price analysis, check to measure OMG Network's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy OMG Network is operating at the current time. Most of OMG Network's value examination focuses on studying past and present price action to predict the probability of OMG Network's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move OMG Network's price. Additionally, you may evaluate how the addition of OMG Network to your portfolios can decrease your overall portfolio volatility.
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