Qtum (QTUM), OmiseGo (OMG) Keep Sliding With No Signs Of Stopping
The crypto market recovery which began last week is still going on strong.
With major digital assets joining the bullish trend, the crypto market is now close to reclaiming its stand above the $300 billion mark.
Regardless of the value rise across major cryptocurrencies, Qtum (QTUM) and OmiseGo (OMG) have both failed to join the band of cryptos trading in the green.
Market status of Qtum (QTUM)
QTUM holds one of the best growth records during the generally difficult months, the asset registered remarkable growth while others were sinking.
However, the reason as to why QTUM has not joined the band of forwarding moving cryptocurrencies remains a mystery.
As at the time of this writing, QTUM is trading at $10.47 due to a price drop of 1.05% over the last 24 hours.
At $140 million USD, QTUM’s daily trade – exchange volume remains quite identical to its daily volume over the last 3 months.
Qtum is currently ranked 21 with an estimated market capitalization of $928 million USD.
Market status of OmiseGo (OMG)
OmiseGo just like Qtum was also a very strong altcoin, often compared to the biggest of the rivals.
The coin was famed for receiving generally positive remarks about its rise and steady growth in the market.
However, those once-promising values have flattened out and OMG seems stuck in the red.
OmiseGo (OMG) continues the Q2 bearish trend, trading in the red today just like the last 5 days. Declining by 0.4% over the last 24 hours, OMG is currently valued at $9.24.
OmiseGo is ranked as the 20th largest digital asset with an estimated market capitalization of $943 billion USD.
Qtum and OmiseGo will soon be out
Regardless of its price, Qtum remains one of the most active blockchain projects around, and it will not be long before Qtum breaks free from the red zone.
Qtum just launched its MainNet becoming the first UTXO Smart contract and Proof of Stake (PoS) blockchain which means it is just settling in its new network.
Last week Qtum completed its token migration and announced a rather interesting network expansion. How big is Qtum’s Network in one sentence?
Only the Bitcoin Network (13,000 active nodes) and Ethereum’s Network (20,000 active nodes) have more active nodes than Qtum.
OmiseGo is also an active ecosystem just like Qtum.
OmiseGo is pursuing a new partnership with Electrify to solve the electricity problems of third world countries seems likely, a new listing with Unocoin in the Indian market, and the announced hard spoon with another cryptocurrency Cosmos can start a positive reaction chain for OmiseGo’s value.
Qtum (QTUM) and OmiseGo (OMG) may be struggling to creep out of the red trade zones, but when they do you can expect a strong bull run from both digital assets like they have done in the past.
Both cryptocurrencies currently have on-going or future projects which could start the much-needed price lift.