Whats the deal with OmiseGo?

[Raven22]

Why is it doubling?

[Iyanu14]

Omisego is really making lots of waves now.  I once invested in it in 2017. Sold some amount in 2019.  However, it's unfortunate that I have sold all when I was in urgent financial need.  OMG is a good project to invest in.

[bobyhodob]

Due to the always congested network of Ethereum, now OMG's network is trusted and is the transaction system of USDT in the future. that's why its value was pumped so strongly yesterday and many people made a lot of money.

well, I also saw that, the price movement some time ago was really terrible because it received very strong support and I also saw their project has started to show that many are using their platform and soon the price will definitely be very expensive.

[irixo10]

Why is it doubling?

One of the things that will cause a coin to double or grow more in price is when people starts seeing the need for it and therefore investing in it. And also, people can only see the need for it when the project offers the chance. Now about this coin, it is obvious people started using it because it's being a long time I hear things about it. Also, owing to the nature of Ethereum network now, congestion etc, OMG now offers a better alternative to transfer USDT. Although TRC 20 chain can also be used to send USDT but not all exchanges supports it whereas all exchanges supports OMG chain.