OMG Price Prediction: What’s the Power of OMG?

2021-11-10 2021-10-29
OMG Price prediction : What ’ s the Power of OMG ?

Jana Kane

2021-11-102021-10-29

OmiseGo is a scale solution launched by Jun Hasegawa and Ezra Don Harinsut in 2013. Omise, the company behind it, is a payment gateway and offers fiscal services in Thailand, Japan, and Singapore. Omise ’ s independent line of commercial enterprise is processing on-line payments, but there is actually more to it. today, we ’ ll explore OmiseGO ‘s entire visibility. OmiseGo is not just any payment management service ; it has made quite a few partners with large companies over the years. One of these bombastic companies is McDonald ’ s in Thailand, for example. On June 6, 2020, OmiseGo rebranded and transitioned to the mainnet. From that here and now on, it was called the OMG Network .
Since its origin, OMG Network ( OMG ) has always been in the top 100 on Coinmarketcap. That ’ mho rationality adequate to write an article about OMG. In this article, we will discuss how the OMG Network monetary value is presently going, the reason for the price guidance, and expert OMG price predictions and forecasts for the future. Let ‘s dive into why you should besides have OmiseGo in your crypto portfolio ! thus, are you ready ? Let ‘s go !

About OmiseGO

OmiseGo originated from the company that already handled many transactions in Asia under the name Omise. OmiseGo is Omise ‘s blockchain solution. so, the theme is that OmiseGo is a similar solution for intra-bank payments, comparable to the SWIFT network we know. Do you want to transfer a requital from one state to another in the continent of Asia ? then you can get ready and expect to pay major fees. In especial, expats who work in another area frequently want to transfer money to family members who have stayed behind. And that is not so easily. First of all, such a family must have a comparable bank account in order to be able to complete the transaction at all. In addition, substantial amounts are charged to actually facilitate this. These costs do not make the often-dire fiscal situation of these families any better. Every penny in costs that then has to be paid is actually excessively much. OmiseGo will facilitate such transactions over the OmiseGo blockchain. The platform launched the OMG cryptocurrency, which is an ERC20 nominal. This means that OmiseGO is a blockchain on the Ethereum blockchain. OMG uses Ethereum for its workflows but besides develops a symbiotic relationship with the network, which acts as a scalable solution. They are working on tools with which software developers can create their own software wallets. These wallets then run on the OmiseGo blockchain and can hold many different decree and cryptocurrencies. Consider, for model, the euro, the US dollar, and besides Bitcoin and local currencies from the individual asian countries. Of path, the OmiseGo token itself should not be missing : the coin with the best name ever invented, the OMG coin. The network is aimed at achieving extremely low fees so that big groups of people from the poorer parts of the world can use the network to participate in fiscal traffic at a decent monetary value .

The Power of OMG

OMG Network ensures that everyone can get a wallet. You can see this wallet as your own bank account on the blockchain. With this wallet, you have access to the fiscal market. With the OMG Network wallet, you can buy products, transfer money, and put many different currencies on the wallet. OmiseGO is an open-source blockchain platform whose main motto is “ Unbank the Banked. ” OmiseGO is expected to become a aim rival to traditional trust institutions. You can transfer from one blockchain to another by using these wallet coins. It besides makes it potential to transfer money between blockchains and traditional payment providers such as VISA and SWIFT. now there are several wallets that facilitate this. What makes OMG Network stronger than the perch is that OMG Network originated from the Omise company. This company has years of experience with on-line payments. Because they originated from Omise, they benefit from brand awareness and the network. As a result, OMG Network already has a number of partnerships with big companies. McDonald ‘s Thailand has already partnered with them. Ayudhya and SMBC are two major japanese banks that have invested in OMG Network. If these partnerships grow, this can be very favorable for the OMG run expectations .

Omisego & McDonald’s

OmiseGo has entered into a partnership with McDonald ’ second in 2017. In concrete terms, this means that in Thailand, for model, every McDonald ’ mho restaurant accepts the OMG coin. That may not sound very impressive, but if you assume that there are 70 million people in Thailand who can suddenly all yield cheaper at McDonald ’ s, then this can have a meaning incontrovertible impingement on the OmiseGo philosophy .

OMG in 2021 and Some History

Quite an impressive solution, that ‘s a decent compendious of the OmiseGo ICO held in 2017. In June, the ICO was opened to investors for a month, and OmiseGo managed to rake in a whopping $ 25 million within a month .

• 65.1 % of all tokens were distributed to investors ;
• 20 % remained in reserve ;
• 9.9 % went to the team ;
• 5 % was used to provide incentives to Ethereum holders .

That the ICO not alone provided a decent come for OmiseGo itself but was besides a top investment for everyone who joined is apparent from the monetary value development. No less than a return of 1500 % has been recorded. During the ICO, 1 OMG cost just under 23 cents. today, the lapp OMG is, with much of the growth happening over the class of 2021. That is an impressive consequence ! A major growth for the protocol is the rebranding of OmiseGO to OMG Foundation, which happened in June 2021. Along with that, Enya, OmiseGO ’ s supplier of decentralized infrastructure, announced the approaching Boba Network. The finish of this fresh solution is to reduce gas fees and increase transaction throughput. The rollout of the Boba Network closely tracked the rise in the OMG price. Existing OMG holders will get a one-to-one drop of BOBA tokens when the developers bridge the two networks. As it constantly goes with cryptocurrency projects, the price differs greatly. That is why it does not make a lot feel to keep an center on the day by day OMG exchange rate ( except if you ’ re a scalper trader, of course ) ; tomorrow, this will be unlike. The current OMG pace can be found below :

OMG Expert Price Predictions for 2021-2022

What is OmiseGo going to be worth by the end of this year and throughout the future year ? We ’ ll be looking at all kinds of predictions – from the most cautious to the most affirmative. trade Beasts is not excessively excited about OMG in 2021. They expect the average price to drop to $ 11, only briefly reaching the utmost of $ 14. As for 2022, the average monetary value might be marginally higher than in 2021. The year might start at an average price point of $ 11.9, surpassing the $ 12 stigmatize shortly after, and finish the year at $ 13 .

calendar month	minimum price	utmost Price	median monetary value
January 2022	10.121	14.883	11.907
February 2022	10.202	15.003	12.002
March 2022	10.276	15.112	12.089
April 2022	10.359	15.234	12.187
May 2022	10.441	15.354	12.283
June 2022	10.526	15.479	12.384
July 2022	10.610	15.602	12.482
August 2022	10.697	15.731	12.585
September 2022	10.786	15.861	12.689
October 2022	10.873	15.989	12.791
November 2022	10.963	16.123	12.898
December 2022	11.053	16.254	13.003

According to Wallet Investor, the average monetary value of OMG will be $ 14-15 in November and December 2021. The minimal price for the period might be $ 11, and the maximum price might be $ 17-18. At the begin of 2022, the price is expected to be at $ 15 ( minimum $ 12.6, maximal $ 18 ). By the center of the year, it might rise to $ 18 ( minimum $ 15, maximal $ 20 ). last, by the end, OMG might reach an modal monetary value of $ 21 ( minimum $ 18, utmost $ 23 ). Digital Coin Price is by far the most affirmative informant. As for the end of 2021, the source sees a rate near $ 20.4. The OMG might go into 2022 with an average price of $ 22. however, as we move on abstruse into 2022, this platform doesn ’ deoxythymidine monophosphate make huge claims. The year is predicted to be full of ups and downs in the $ 22- $ 28 range .

month	average price
January 2022	$ 22.08
February 2022	$ 23.11
March 2022	$ 26.60
April 2022	$ 23.34
May 2022	$ 28.61
June 2022	$ 22.89
July 2022	$ 24.26
August 2022	$ 26.91
September 2022	$ 25.11
October 2022	$ 25.72
November 2022	$ 23.66
December 2022	$ 21.87

These estimates show three things :

1. There is a lot of assurance in the engineering the OMG Network is using and the team that ’ randomness developing it. It ’ randomness making significant connections with real-world businesses and is developing some cool raw technology, excessively .
2. many top-100 cryptocurrency prices are expected to go up across the market in 2022 .
3. Crypto experts, more frequently than not, predict that the price of OMG will go up !

OMG Price Prediction for 2023-2024, by Crypto Experts 

For our OMG predictions for 2023-2024, we ’ ll be using the same sources .

month	minimum price	maximum Price	average price
January 2023	11.146	16.391	13.113
February 2023	11.240	16.529	13.224
March 2023	11.326	16.656	13.325
April 2023	11.423	16.798	13.439
May 2023	11.517	16.937	13.550
June 2023	11.616	17.082	13.666
July 2023	11.713	17.225	13.780
August 2023	11.814	17.373	13.898
September 2023	11.916	17.523	14.018
October 2023	12.015	17.670	14.136
November 2023	12.119	17.823	14.258
December 2023	12.221	17.972	14.378

trading Beasts is hitting the same pessimistic tone. They do n’t see OMG going over $ 18 in 2023. The average price of the token might be around $ 13-14, which is a precipitation compared to its performance in 2021. In 2024, we see a flimsy increase. The year might start at the $ 14.5 mark and finish very cheeseparing to the $ 16 punctuate .

calendar month	minimum monetary value	maximum Price	average monetary value
January 2024	12.327	18.128	14.502
February 2024	12.434	18.285	14.628
March 2024	12.535	18.434	14.747
April 2024	12.644	18.594	14.875
May 2024	12.750	18.749	15.000
June 2024	12.860	18.912	15.129
July 2024	12.968	19.070	15.256
August 2024	13.079	19.235	15.388
September 2024	13.192	19.400	15.520
October 2024	13.302	19.561	15.649 Read more: KuCoin trade volume and market listings | CoinMarketCap
November 2024	13.416	19.729	15.783
December 2024	13.527	19.892	15.914

Experts at Wallet Investor believe that OMG will start 2023 trade at $ 20 on modal ( $ 17 minimum, $ 22 utmost ). By June, the value might appreciate to $ 22 ( $ 20 minimum, $ 25 maximum ). And by the end of 2023, the keepsake is expected to add another $ 3 to its price and reach $ 25. The dynamics for 2024 might be like :

• January : modal price of $ 25 ( $ 23 minimum, $ 28 maximal )
• June : modal price of $ 28 ( $ 25 minimum, $ 30 maximal )
• December : average price of $ 30 ( $ 27 minimum, $ 33 maximal )

month	average price
January 2023	$ 35.25
February 2023	$ 29.37
March 2023	$ 34.34
April 2023	$ 34.88
May 2023	$ 30.13
June 2023	$ 32.64
July 2023	$ 34.24
August 2023	$ 32.89
September 2023	$ 25.59
October 2023	$ 27.07
November 2023	$ 29.55
December 2023	$ 32.97

once again, we have Digital Coin Price expecting OMG to trade on a much higher grade. The price dynamics for 2023 are rough, with a rebuff decrease by the end of the year. The poorest-performing month might be September ( $ 25.60 ), and the best-performing month might be January ( over $ 35 ). As for 2024, OMG might besides fluctuate, possibly changing directions every other month. The highest point of 2024 might be slightly over $ 42 in June and December, and the lowest points might be close to $ 31 in January and slightly above $ 33 in August .

month	average price
January 2024	$ 31.48
February 2024	$ 40.25
March 2024	$ 34.44
April 2024	$ 38.00
May 2024	$ 35.79
June 2024	$ 42.59
July 2024	$ 39.26
August 2024	$ 33.85
September 2024	$ 41.88
October 2024	$ 33.91
November 2024	$ 40.88
December 2024	$ 42.89

OMG Price Prediction for 2025-2030 by Crypto Experts 

In the long term, the price of OMG might continue hitting new heights. OMG ‘s theme is very promise. If the OMG Network team succeeds in turning their plans into reality by 2025-2030, it could become a big boy in the crypto world. For example, one of the goals is to expand the partnership network. If OMG Network enters into more partnerships with bombastic companies and connects bankless people, the project will have a huge chance of success. It is commodity to know that they have always kept to the deadlines therefore far. We must not forget that there are two billion households that do not have a bank. In Southeast Asia alone, there are 438 million people without a trust. OMG Network can be the solution for these people. With OMG Network ’ s solution, you don ’ t have to deal with middlemen charging high transaction fees. alternatively, you can well transfer different currencies within seconds. There is, consequently, a huge grocery store candid for OMG Network that makes the likely of this cryptocurrency incredibly large. In addition to transferring money to, for example, syndicate, it can besides be used to pay when companies join OMG Network. Wallet Investor posted a positive prediction for 2025 and 2026. Over the course of these two years, the modal monetary value might see an increase from $ 31 to $ 40 and above. Digital Coin Price believes that the monetary value change from 2025 to 2028 will be enormous. The average market price for OMG might be in the $ 36- $ 48 image. Fast fore to 2028 : this source claims that the price will go over $ 60 and even $ 70. PricePrediction has a fortune of religion in OMG. They expect the price to make a massive alternate from $ 64 in 2025 to over $ 401 in 2030. Bear in mind that it ’ mho difficult to make predictions 5-10 years ahead, but what ’ randomness clear is that the majority of experts envision a very cocksure future for the project .

year	minimum price	average monetary value	maximum Price
2025	62.46	64.23	74.37
2026	87.20	89.77	108.52
2027	131.99	135.58	154.58
2028	193.48	198.90	223.71
2029	270.07	278.03	331.50
2030	401.97	415.87	476.55

OMG Technical Analysis

Let ‘s start our OMGUSD technical analysis on the monthly price graph. The chart above suggests that ex- OmiseGo has been moving up in a across-the-board rate since 2020. At the same clock time, there ‘s potent support at around 3.30 USD that bears have failed to break through in the past three months. That flush is marked with a red line. Since the OMGUSD price chart is at the lower stove specify, a local bullish tendency with a monetary value target of 12 US dollars suggests itself in the long run .

OMG Forecast For Next Three Months

Let ‘s confirm or cancel that prognosis through a technical analysis of the hebdomadally chart. To make an OMGUSD price prediction, we will use the MACD and the Stochastic RSI. Both indicators are at the lower limits in the graph above. Stochastic is in the oversold area and attempts to reverse. The MACD histogram turned red quite long ago. The travel averages are directed depressed, but there ‘s a probability of a bullish signal in 3-4 weekly candles. This situation indicates that a flat swerve at the lower specify will last for at least several weeks, but consolidation may turn into an top price movement within one month .

Long-Term OMG Analysis for 2021/2022

The interim results of our OMG technical foul analysis point to an optimistic market photograph where OMG can potentially break through the upper limit of the range. inactive, the analysis of OMG prices over the by two years shows us that OMG monetary value movements have been inconsistent. Uptrends were formed through perennial bullish impulses and drastic pullbacks. thus, OMG ‘s future prices may develop the same direction, and OMG ‘s ask trade range might be huge. The chart above presents a Fibonacci power system plotted from the minimal of March 2020 to the maximum in May 2021. The main extremums coincide with the key levels of the grid. Those levels have besides been considered when making a realistic bode for OMG prize. The frequency of momentum may differ from the prognosis and will largely depend on the ramp of a local bullish swerve. The less easy the angle is, the longer the pattern will last. The limits of an have a bun in the oven trading crop are presented according to the forecast in the chart above and the mesa below. The OMGUSD cryptocurrency will be trading in a crop marked with blue lines for the most of 2021-2022. The upper restrict of the image may be broken shortly before the end of summer 2022 or even earlier. Everything will depend on buyers ‘ bodily process and the OMGUSD projected growth .

calendar month	OMGUSD price
	minimum	maximum
August 2021	3.40	6.00
September 2021	3.60	6.65
October 2021	4.00	8.00
November 2021	4.25	7.00
December 2021	4.60	7.60
January 2022	5.00	10.25
February 2022	5.35	8.85
March 2022	5.50	7.75
April 2022	6.10	12.30
May 2022	6.65	11.50
June 2022	6.80	17.50
July 2022	9.00	20.60

Long-term trading plan for OMG

Let ‘s now make a trade plan for the OMG cryptocurrency. It should consist in capitalizing on the next powerful bullish momentum that may reach 20 US dollars or even more. however, it might be difficult to identify the begin of that momentum. Based on the price history, we may have 3 or 4 smaller waves before the momentum itself, but we ca n’t say for certain how often they will be forming. so, the wisest scheme would be :

1. Opening a farseeing trade at 3.60-3.70 USD with Stop Loss below 3 USD .
2. Temporizing and trailing Stop Loss as the drift unfolds upwards .
3. Fixing 50 % of the put at around 15 USD and let the other half grow to the price target of 20 USD .

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How Did the Price of OMG Change Over Time?

The OMG price has always fluctuated throughout its history. The peaks and troughs of OMG are nothing to be worried about since it ’ s a normal happening in the crypto market. Besides, the changes are not vitamin a drastic as they were for early cryptocurrencies. When OMG had an ICO, it was an immediate hit. The project attracted many investors, raising $ 25 million in capital in a shortstop sum of time. $ 25 million was actually the target for the ICO, so the event was an undeniable success. Some of the biggest fluctuations happened in 2018 ( all-time high of $ 28.35 on January 8 ), and from January 2019 until August 2020, the price was relatively stable, trade at around $ 0.5- $ 2. Below you ’ ll find the diachronic exchange rates for OMG/USD : thus, in August 2020, we see a sharp acme in the prize, which hasn ’ thymine happened in a long time. The price rose to over $ 6. however, it didn ’ deoxythymidine monophosphate stay there for farseeing, and the OMG price wasn ’ thyroxine able to go over $ 4 for the lie of 2020. In 2021, there were several significant rate spikes – in February ( over $ 7.60 ), April ( over $ 10.40 ), June ( conclude to $ 13 ), and October ( over $ 16.50 ). in-between these peaks, there were drastic price drops, confirming once again that OMG moves in a wide-eyed range. OMG international relations and security network ’ t the strongest or most popular crypto coin. Nevertheless, the monetary value skyrockets after an announcement of a new partnership or a significant network improvement. It ’ randomness besides worth paying attention to Bitcoin ’ s movements because it has the trendsetting office that affects the entire crypto market .

Conclusion

OmiseGo ‘s first step to help the world ‘s poor countries with an low-cost solution is one that is fantastic from a social point of view. In that respect, we sincerely hope that OmiseGo contributes to a better and low-cost world, particularly for the people who need the avail most. The cryptocurrency commercialize is in truth crowded. Over the future few years, there will be more losers than winners. The coins that succeed will have the perfect combination of community, technology, and real-world prize. OmiseGo is close to having all three. It ’ s backed by some identical herculean organizations ; it has lots of friends in the crypto community, and its engineering is a potent as any of its competitors. none of this makes OmiseGo a guarantee winner, though, sol always consider the fact that the future value is unpredictable. Make certain to register a absolve show score on LiteFinance ; it will help you see how the OMG Network monetary value is going to play out in the future so you can make your own investment and trade decisions. specially if you ’ re new to this diligence, LiteFinance is a great direction to start trade. bonus 50 % Deposit Bonus from LiteFinance web log Promo code
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OmiseGO FAQ

How much will OMG be worth? The price is improbable to increase by 12x again, but it is expected to go over the $ 20 tag and even get close to $ 30 in the 2022 prediction .Why is OMG going up? It is wise to be mindful of the market forces when looking at the OmiseGO course. The reasons for an OmiseGO price increase can be :

• New partnerships with large companies
• A lot of media attention in “mainstream” media
• New events are on the way, such as a new consensus mechanism or a halving
• There is a troubling economic global situation, such as a pandemic or a war

Why is OMG dropping? The inverse is true when the OmiseGO monetary value goes down. Is the price of OMG falling ? The reasons for an OmiseGO monetary value drop :

• There is a scam or fraudulent activity
• The network has been hacked
• Involved people are discredited
• There is little development around the project anymore
• Someone suddenly sells a very large amount of coins (whale)
• The general sentiment in the market is low

How high will OMG coin go? OMG has capital growth potential, but no one can tell you what high any cryptocurrency will reach. Long-term, everything depends on forecasts .Is mining OMG still profitable? No, it is profitable to trade OMG .Can OMG reach $1000? The OMG Network has big potential, but no one can tell you what high any currentness will reach. Everything depends on forecasts. Based on our information, OMG will not reach 1,000 USD in the coming 5 years, but it will increase its respect large fourth dimension .Is OMG coin dead? No, the OMG Network is presently ranking number 71 of all coins out there and has an affirmative future, based on many predictions .Is OMG a good investment? OMG is a dear long-run investment based on forecasts made by experts and price prediction algorithm .

Price chart of OMGUSD in real time mode

The contentedness of this article reflects the author ’ sulfur opinion and does not necessarily reflect the official position of LiteFinance. The material published on this page is provided for informational purposes merely and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.

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