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OMGUSD Live Chart, Exchange Rate & Analysis | Trade OMGUSD

The OMGUSD quote shows the relationship between the OMG token and the US dollar. Traders that use this trading instrument should consider its volatility: the OMGUSD rate is sensitive to political and economic news.

OMG is the native coin of the OmiseGO blockchain platform developed based on Ethereum. That's the first cryptocurrency that raised over $1 billion during the ICO. The project was created by Omise, a company from Thailand with offices in Japan and Singapore. The team used to develop projects connected with online money transfers. However, the company received investors' huge support at the launch stage despite the lack of experience in the cryptocurrency market.

The developers position OmiseGO as the first layer-2 network for scaling Ethereum's financial operations. The platform ensures fast and safe transactions with minimum fees. Besides, it simplifies exchanging crypto coins and fiat coins.

OMG tokens are not "mined" in the traditional sense of the word. The OmiseGO platform uses the Proof-of-Stake consensus algorithm: the more coins a holder owns, the more reward they will receive for creating blocks. In other words, OMG coins are more like company shares than ordinary cryptocurrencies, and rewards are like dividends. What's more, the developers have built a liquidity mechanism into the platform.

When trading the OMGUSD pair, check what cryptocurrency market regulators operate in the countries where the company's offices are located. Also, pay attention to indicators that affect the instrument's volatility, such as market capitalization, demand, and trade volumes.

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Risk warning: Trading in FX and CFDs entails high risk of losing capital.

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The rate of OMGUSD currency pair for today is . The highest cost of OMGUSD for today was 0.0621 , the lowest rate was 0.0604 . The opening price: N/A . The quotes chart of OMGUSD currency pair in real time is presented below.

Price chart of OMGUSD in real time mode

Available in trading accounts:
  • ECN
  • CLASSIC
Prev. CloseN/A
Day's Range0.0604 - 0.0621
OpeningN/A
52 wk Range0-0.086
VolumeN/A
Average VolumeN/A
Spread0
Swap Long
Contract size
Swap Short
Stop&Limit Level
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ADAUSD0.24830.2483-0.0009 -0.36%
ALGUSD0.10630.10630.0046 4.52%
ALIUSD0.1470.1470.03 27.27%
ANTUSD0.93620.9362N/A N/A
APTUSDN/AN/A0.09 10.00%
ARBUSDN/AN/A0.0285 30.06%
ARUSD1.961.960.2 11.49%
ATOUSD1.89601.89600.21 12.50%
AUSDN/AN/A0.0095 12.09%
AVXUSD9.109.10-0.03 -0.33%
AXSUSD1.381.380.24 21.05%
BCHUSD450.60450.60-3.8 -0.84%
BNBUSDN/AN/A-1.27 -0.21%
BTCUSD78,264.078,264.010109.58 14.83%
CHZUSD0.04130.0413-0.0003 -0.72%
COMUSD23.6523.656.9 41.32%
DATUSD0.0007150.000715N/A N/A
DGBUSD0.0037090.003709N/A N/A
DGEUSD0.1082300.1082300.0152 16.34%
DOTUSD1.2051.205-0.05 -4.00%
DSHUSD36.9836.984.9 15.36%
ENJUSD0.0700.0700.035 175.00%
ETHBTC0.0293300.029330-0.00214 -6.78%
ETHUSD2,305.342,305.34160.96 7.51%
FILUSD0.920.920.08 9.64%
GLMUSD0.01720.0172N/A N/A
GRTUSD0.024320.02432-0.0001 -0.41%
HBARUSDN/AN/A-0.0019 -2.12%
ICPUSD2.332.330.05 2.19%
ILVUSD4.74.7N/A N/A
IMXUSD0.0001230.0001230.027 19.24%
INJUSD3.7063.7060.82 28.47%
ITAUSD0.054450.05445N/A N/A
JASMYUSDN/AN/A0.00021 3.90%
KAVUSD0.06290.06290.011 21.15%
LNKUSD9.119.110.1 1.11%
LTCBTC0.0007100.000710-9.0E-5 -11.39%
LTCUSD55.6855.681.55 2.86%
MNAUSD0.08940.08940.0012 1.36%
MSKUSDN/AN/A0.094 22.60%
NEAUSD1.29301.29300.093 7.76%
NEOUSD2.75702.7570-0.04 -1.43%
NOTUSD0.0003820.0003823.0E-5 8.57%
NULUSD0.0001210.000121N/A N/A
OMGUSD0.061920.06192N/A N/A
OPUSD0.0004050.0004050.009 8.11%
POLUSD0.09610.09610.004 4.35%
QTMUSD0.8710.871-0.071 -7.54%
REFUSD0.0000730.000073N/A N/A
SIAUSD0.0009180.000918N/A N/A
SKYUSD0.01880.01880.00445 5.82%
SNDUSD0.07110.0711-0.0062 -8.01%
SOLUSD83.58083.5801.08 1.31%
STRUSD0.09540.09540.0016 1.71%
STXUSD0.22250.2225-0.002 -0.89%
SUIUSD0.91870.91870.0282 3.17%
SUSDN/AN/A-0.0016 -3.52%
TAOUSD271.07271.07-39.9 -12.83%
THTUSDN/AN/A0.053 34.64%
TLMUSD0.00180.0018N/A N/A
TRXUSD0.3273000.3273000.0115 3.64%
UNIUSD3.20003.2000-0.42 -11.60%
VETUSD0.0071630.0071630.00023 3.32%
WAVUSD0.41870.4187N/A N/A
WIFUSDN/AN/A0.004 2.19%
XLMUSD0.159500.15950-0.0116 -6.78%
XMRBTC0.0049160.004916N/A N/A
XMRUSD383.976383.976N/A N/A
XRPUSD1.38511.38510.0308 2.27%
XTZUSD0.36590.36590.0123 3.48%
YFIUSD2,627.002,627.00162 6.58%
YGGUSD0.0410.0410.005 14.29%
ZECBTC0.0048920.0048920.00118 31.81%
ZECUSD383.77383.77129.88 51.22%
ZILUSD0.0040000.0040009.0E-5 2.33%

Interesting facts about the OMGUSD (OMG Network to US dollar)

OmiseGo was renamed OMG Network on June 1, 2020. The OMG Network was created to make Ethereum more attractive to businesses and projects that aim to scale and reduce their carbon footprint.

The network uses a plasma-based sidechain solution. This solution helps cut electricity usage by up to 99% compared to Ethereum. At the same time, it doesn't affect asset security, which is ensured by the underlying Ethereum network. OMG is a native token of the OMG Network. It can be used as a fee payment on the platform.

When trading OMG to USD, a trader should pay attention to the network's internal events. For instance, in December 2020, Genesis Block Ventures acquired OMG Network. As a result, OMG rose more than 18%. Another event that improved investors' sentiment and pushed OMG up by around 26% was an announcement that OMG’s owners would receive a new supplementary token that could be staked for rewards on Boba Network.

OMG's supply is limited to 140,245,398 tokens and will never rise beyond this figure. Moreover, it has been fully minted, and the majority of the tokens are in active circulation. However, according to Peter Thiel, the investor and PayPal co-founder, limited supply can positively affect a cryptocurrency's long-term prospects. Coins with limited supply are more sustainable in an inflationary environment. Bitcoin's supply is also limited.

It's also important to follow ETH price when trading the OMG/USD pair as OMG Network, and Ethereum are interconnected. For instance, in January 2018, OMG reached its all-time high of $28.35 due to an increase in ETH value. However, the price couldn't stay at those levels and plunged to $1 by the end of the year.

Although the price direction doesn't influence traders, they should consider the token's high volatility trading OMG/US dollar. In August 2020, OMG touched $10 but couldn't stay there and fell to $2.50 within a month. The increase was mostly boosted by the launch of V1 Mainnet Beta in June 2020.

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