OMG was listed in the pair OMG/USDC on Bitrue yesterday, leading to a surge of OMG Network’s native token. The 99th biggest coin by market cap is currently trading for $4.42.
Look no further than this short article to find out what OMG is, if you should buy it, and the top places to buy OMG today.
Top places to buy OMG now
As OMG is such a new asset, it’s yet to be listed on major exchanges. You can still purchase OMG using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy OMG right now, follow these steps:
1. Buy ETH on a regulated exchange or broker, like eToro ›
We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.
2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask
You’ll need to create your wallet, grab your address, and send your coins there.
3. Connect your wallet to the Uniswap DEX
Head to Uniswap, and ‘connect’ your wallet to it.
4. You can now swap your ETH for OMG
Now that you’re connected, you’ll be able to swap for 100s of coins including OMG.
What is OMG?
OMG Network, formerly known as OmiseGo, is a non-custodial, layer-2 scaling solution built for the Ethereum blockchain.
It 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). OMG is used to pay fees on the network.
Should I buy OMG today?
Nothing can substitute doing your own research. Any investment decision you make should be based on your market expertise, your attitude to risk, and the features and spread of your portfolio. Also consider how you would feel about losing money.
OMG price prediction
According to analyst platform Price Prediction, OMG will reach at least $5.37 this year. It can go up to $6.30 with the average trading price of $5.53. In 2023, 1 OMG will be worth at least $7.60.
The highest it can go to next year is $9.16 with the average price of $7.88 throughout the year. In 2024, the minimum level will be $11.17. OMG can go up to $13.18 in two years.
OMG on social media
— Alan Santana (@ascryptotrades) March 3, 2022
The post OMG gains 11% on news of Bitrue listing: top places to buy OMG appeared first on Coin Journal.