Great Trends Happening On OmiseGo (OMG) As Market Recovery Begins
OmiseGo (OMG) is one of the most unique assets in the entire crypto space, while the primary interest of most cryptocurrencies is to fully replace fiat currency with digital currency, OmiseGo has quite the opposite objective.
OmiseGo aims at building bridges to interconnect fiat and digital currency to function in a safer and more effective ecosystem.
OmiseGo has recorded remarkable growth since its entry into the crypto space last year. And now, OmiseGo is one of many digital assets staging a market comeback following the devastating bearish trends over the last three weeks.
Market Performance of OmiseGo (OMG)
The market stats are getting better with every passing hour as the bearish trend seems to be over. OmiseGo is recovering quickly following a 16% decline in the previous week. As of this writing, OmiseGo is up by 3.2% in the last 24 hours and now has a market value of $10.73.
The market cap of OmiseGo is also on the rise, following a dip of over 40% in the last 30 days. The digital asset now has an estimated market cap of $1.1 billion USD, making it the 22nd largest cryptocurrency. OmiseGo Market recovery continues for OmiseGo as the trade volume of the digital asset is on the rise.
OmiseGo (OMG) Goes Live on India’s Top Exchange Platform
The discussion of exchange listing is always a big deal in the crypto circle, and the benefits that come with top crypto exchange listings cannot be overemphasized. Unocoin one of the leading cryptocurrency exchange platforms in India recently announced the listing of OmiseGo (OMG) on their trade platform.
Following the listing of OMG on Unocoin two days ago, Unocoin traders can now buy and sell the digital asset on the exchange platform. This listing could prove pivotal in boosting the recovery of OmiseGo, as getting listed on the top exchange platform in the second largest crypto market would open up OmiseGo to greater trade volumes.
The Next Big Thing for OmiseGo (OMG)
One of the most anticipated events in this community is the OmiseGo hard spoon to be conducted between OmiseGo and Cosmos. A hard spoon is a process of minting an entirely new digital asset by duplicating the account balances of an existing cryptocurrency.
The OmiseGo hard spoon will see OMG token balances duplicated on a Tendermint chain which will be connected to Cosmos (a new asset). This project known as the Honte Milestone within the OmiseGo roadmap has been ongoing for months now and was expected to release this month (still uncleared).
OmiseGo team has referred to the Cosmos hard spoon as a testnet, and will maintain a “healthy relationship” between Tendermint and Plasma, OmiseGo’s scaling solution. OmiseGo has stated that Plasma and Tendermint are working together, and would continue to in the future.
Mobile Client to be Featured on OmiseGo (OMG) Soon
One very important feature OmiseGo lacks is a mobile client for its users. The OmiseGo team has announced that it has started development work in order to provide a mobile light client for its users. The release date for the OmiseGo mobile client is still to be announced, but it is expected to be released before the end of Q2.
The OmiseGo light client would enable mobile users to participate in the staking of OmiseGo (OMG). Mobile users constitute a large percentage of the staking pool in the entire crypto space, and a mobile light client would increase the community of OmiseGo involved in staking.