[OMG] OmiseGO - Speculation & Discussion

[gartmah]

On June 22, SYNQA, which is also the parent company of OMG Network and Omise, plans to raise $ 80 million to finance round C, several major companies have joined the investment https://www.synqa.co/synqa-parent-company-of-omise-and-omg-network-raises-80-million-in-series-c-funding-led-by-scb-10x-and-sparx-group/

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[mich]

How OmiseGo (OMG)’s Entrance Into a Japanese Market Could Catalyze a New Uptrend

OMG aims for new yearly highs as it sets foot in a whole new market.

https://www.newsbtc.com/2020/07/23/how-omisego-omgs-entrance-into-a-japanese-market-could-catalyze-a-new-uptrend/

[Dpat]

There is nothing to more speculation need while we are talking about the coin like the OmiseGo. I remembered the coin ICO when it was lunched in 2017 and in a single day it has subscribed more than 70% of the corpus. Now, it has been traded in many big exchanges like Bittrex, KuCoin etc. and the daily trading volume also increased day by day. So, just invest and sit quite. Take time of more than 3 years and you must see a good price of this coin.

[mich]

OmiseGO, fastest growing altcoin, up 49% in past 24 hours

OmiseGo helps in easing the transfer of coins from one blockchain to another without using a crypto exchange.

https://nairametrics.com/2020/08/17/omisego-fastest-growing-altcoin-up-49-in-past-24-hours/

[mich]

Tether on OMG Network could slash Ethereum congestion 15%

A large chunk of Ethereum network congestion may be a thing of the past as Tether transfers go live on OMG Network’s scaling solution.

https://decrypt.co/39239/tether-omg-network-slash-ethereum-congestion

[nira09]

Tether on OMG Network could slash Ethereum congestion 15%

A large chunk of Ethereum network congestion may be a thing of the past as Tether transfers go live on OMG Network’s scaling solution.

https://decrypt.co/39239/tether-omg-network-slash-ethereum-congestion

It seems that this news has a big impact on the increase in the price of OMG tokens, today the OMG tokens have increased by more than 100%. a few days ago I still saw the OMG token price was in the range of $ 3 USD and now it has passed $ 7 USD.

[mich]

OMG Price Doubles as DeFi and Record Ethereum Fees Create ‘Perfect Storm’

The native token for OMG Network has more than doubled in the past week as record Ethereum fees lead some investors to look to layer 2 solutions.

https://www.coindesk.com/omisego-price-defi-ethereum-fees

[theskillzdatklls]

OMG Price Doubles as DeFi and Record Ethereum Fees Create ‘Perfect Storm’

The native token for OMG Network has more than doubled in the past week as record Ethereum fees lead some investors to look to layer 2 solutions.

https://www.coindesk.com/omisego-price-defi-ethereum-fees

Thanks for the article. It was good to clear up what's been happening here.

Does anyone know if OMG ever managed to get their POS or masternode thing off the ground they proposed a couple years ago or the status of that situation?

[chip1994]

Tether on OMG Network could slash Ethereum congestion 15%

A large chunk of Ethereum network congestion may be a thing of the past as Tether transfers go live on OMG Network’s scaling solution.

https://decrypt.co/39239/tether-omg-network-slash-ethereum-congestion

from morning until now there have been a lot of traders discuss about OMG a lot. They continually appreciate OMG and think that in the future it will replace the top 2 position of Ethereum. For me it also makes sense, lately Ethereum's network is always congested and users have to transact with very high fees for money to be transferred quickly. If this is the case often, ETH will probably have to lose a lot of their users as OMG is doing too well.

[TeraBite]

Tether on OMG Network could slash Ethereum congestion 15%

A large chunk of Ethereum network congestion may be a thing of the past as Tether transfers go live on OMG Network’s scaling solution.

https://decrypt.co/39239/tether-omg-network-slash-ethereum-congestion

from morning until now there have been a lot of traders discuss about OMG a lot. They continually appreciate OMG and think that in the future it will replace the top 2 position of Ethereum. For me it also makes sense, lately Ethereum's network is always congested and users have to transact with very high fees for money to be transferred quickly. If this is the case often, ETH will probably have to lose a lot of their users as OMG is doing too well.

That current rally showing we have been entered into 2nd phase and so many people are already out because they failed to judge the potential of this token. That is clear now crypto is only for strong hands who have great patience and can hold for long time and not traders who always try to take profit on every single rise. OMG still big potential to show more interesting performance in coming days.

[Cyplyakox]

On August 21, an ama session will be held, a discussion on the latest news, a new solution in the Ethereum network, which caused a surge in prices and the arrival of new large investors in the project



https://twitter.com/omgnetworkhq/status/1296673431107317761?s=20

[coin-to-stake]

OMG Network (OMG) is now listed at https://www.cointostake.com (staking statistics, live data, monitoring, POS reward calculator)

OMG Network staking calculator

[onecall123]

OMG Network (OMG) price for today 5.11$ I can see it flopping directly down, you will be very lucky it might go down to say 4.50~4.80$

Lots of hodlers hold because it will eventually hit 25$ So I believe there’s gonna be a big push come out of it however I’m no financial advisor!

[theskillzdatklls]

OMG Network (OMG) price for today 5.11$ I can see it flopping directly down, you will be very lucky it might go down to say 4.50~4.80$

Lots of hodlers hold because it will eventually hit 25$ So I believe there’s gonna be a big push come out of it however I’m no financial advisor!

It makes sense honestly if there's some migration flight from ETH being overloaded due to the DeFi fall out. Of course, OMG has to be seen as the safe haven which could easily or just as easily not happen.

[bct_ail]

Don't know it has been already discussed here. But what will happen if ETH move to Eth 2.0? ETH 2.0 will be without transaction costs and limitation of the network. So for my understanding 2. Layer Projects will be obsolete. So what will be the aim for OmiseGO then?

[Branko]

Don't know it has been already discussed here. But what will happen if ETH move to Eth 2.0? ETH 2.0 will be without transaction costs and limitation of the network. So for my understanding 2. Layer Projects will be obsolete. So what will be the aim for OmiseGO then?

Ah, good old ETH 2.0....when I joined this crypto thing, back then in 2017, it was just around the corner, in 2nd half 2017

[theskillzdatklls]

Don't know it has been already discussed here. But what will happen if ETH move to Eth 2.0? ETH 2.0 will be without transaction costs and limitation of the network. So for my understanding 2. Layer Projects will be obsolete. So what will be the aim for OmiseGO then?

That's give or take what you are gambling on. If that happens or doesn't happen will be a major risk vector to OMG's success.

[Mr.Scott]

I've a great enthusiasm on OMG Network, after researching come to know that it's now rebranded product from OmiseGo. I have a nice feeling it has great potential to fly. Been holding even in this blooding market in hope it will pump again.

[bct_ail]

Don't know it has been already discussed here. But what will happen if ETH move to Eth 2.0? ETH 2.0 will be without transaction costs and limitation of the network. So for my understanding 2. Layer Projects will be obsolete. So what will be the aim for OmiseGO then?

Ah, good old ETH 2.0....when I joined this crypto thing, back then in 2017, it was just around the corner, in 2nd half 2017

In 2nd half 2017 everyone had to do other things
But anyway, it doesn’t't make sense if you say ETH 2.0 will take more time. Maybe they need more time, maybe not. But is does not change the fact, that 2nd layer solution will be obsolete then if I have understand ETH 2.0 right.

That's give or take what you are gambling on. If that happens or doesn't happen will be a major risk vector to OMG's success.

So you agree with me, that ETH 2.0 will make 2nd Layer solutions obsolete?

[theskillzdatklls]

If that were to happen, then yes. The major fault of the major coins, BTC/ETH, is that they are terrible at moving to 2.0s. Getting consensus on these coins seems to be nearly impossible. So I guess slightly more abstractly its whether or not consensus is possible is what the gamble would be on.