Article Index
1. Introduction
2. What is Omisego?
3. Omisego Price Prediction by market
4. Coinnounce’s Omisego Price Prediction
- Omisego Price Prediction 2020
- Omisego Price Prediction 2019
- Omisego Price Prediction 2018
5. Frequently Asked Questions (FAQ)
6. Conclusion
Introduction
Omise payment is a company that provides financial services to various businesses across Asia, and it opened up in 2013, and its headquarter is located in Bangkok, Thailand. It also has its offices in other locations like Japan, Singapore, and Indonesia. Jun Hasegawa and Ezra Don Harinsut founded this blockchain-based platform, and Ezra is the CEO of Omise Payment.
The online financial service platform also has its cryptocurrency token known as OmiseGo. The ticker for the cryptocurrency is OMG, and it works on its independent blockchain. When it was launched, it was initially based on the Ethereum blockchain, and the cryptocurrency uses the Proof of Stake consensus algorithm. The primary advisor of the project is Vitalik Buterin, who founded the platform, Ethereum.
Note: Omise became the first company in Thailand to receive the PCI-DSS 3.0 certification in 2014. The certification allowed the coin to be able to transmit, process, and store card details.
Currently, OMG is trading at $0.9510 with strong resistance at $0.9680, and immediate support can be seen at $0.9450. The coin is facing some rough days as it faces a 2.11% decline in the past 24 hours. The cryptocurrency rests on 43rd position with a market cap of $133,737,997.
What is OmiseGo?
OmiseGo is a blockchain-based platform that was launched to change the face of how payments are made and accepted. OMG token was designed with the idea to help the users in making payments for their fast food orders or on online platforms using OmiseGo.
The platform is an extension of the company Omise, and its ICO was launched in 2017 from which the company raised $25 million. Since it’s ICO, the platform has worked on developing the network and improving the white label wallets, SDK, ODEX, and Plasma. With relationships in the financial sector, OmiseGo has some significant exposure to the mainstream market that many cryptocurrencies don’t have yet.
Features of the OmiseGo are:
- Digital asset management helps the OMG network to work with digital currencies that are stored in the blockchain.
- The platform offers a Decentralized Exchange that provides compatibility between different chains. The network is scalable and secure.
- White-label SDK helps to make transactions n different types of cryptocurrencies along with fiat currencies, credits, etc.
Omisego Price Prediction by market:
1. CoinSwitch
This price prediction platform has been bullish about the price prediction for the OMG token as they predict the price to reach $1.5 by the end of 2019. They also added that for 2023, the price might reach $58.391.
2. SwitchChain
Another crypto platform SwitchChain has predicted that the price can reach $3.57 by the end of 2019, which is an optimistic prediction on their part.
3. Cryptonewsz
Cryptonewsz is a crypto aggregator platform, and they have shown positive support for the coin as they predict the price to reach $5 by the end of 2019.
Coinnounce’s OmiseGo Price Prediction:
OmiseGo is facing huge support from the crypto community, as many advisors have suggested users to invest in OMG coins. Several analysts like Nico, TheCryptoCactus, etc. have shown positive views for the cryptocurrencies growth and expect the price to go upwards. Our analysts have predicted the prices for the coming years, depending on the previous year’s trends and market support.
OmiseGo Price Prediction 2020
With the growing demand of the altcoins as people move away from the mainstream Bitcoin, OmiseGo is said to have benefits of this shift. The charts show an increase in trade levels, as well as the price, is beginning to climb. The analysts and market are positive about the future of OMG coins and consider it as a good investment.
The OmiseGo price for the year 2020 is bullish as the market value for the coin is increasing. The price prediction says that the price can reach the levels of $2.5 and further head towards the $4 and $5 mark for the year 2020. More traders are using this platform as a method of payment, which has lead to more extensive adoption of the token.
Note: The leading fast food joint McDonalds and the payment service platform Alipay are the first companies that have started accepting OMG tokens as a form of payment for their services.
OmiseGo Price Prediction 2019
With the sudden downfall in the price, OmiseGo entered 2019 with a further decline as the price reached another low level for the year. The trading volume for the coin decreased as people started moving out of the market. Cryptocurrency analysts had mixed views for the coins as some predicted a bullish market, while some predicted a bearish trend for 2019.
OmiseGo price predicted for 2019 was said that the price might reach the $0.80-$0.50 price, and by the end of 2019, the price will gain its position in the market again as the price might reach $1.5-$2 by the end of the year 2019.
Note: The distribution of the tokens was done in the following manner:
- 65% of coins were sold during the ICO
- The company holds 20% of coins for expenses
- 10% was distributed among the team of developers and those involved with the project
- 5% were distributed through Airdrop to users who had ETH tokens in their accounts
OmiseGo Price Prediction 2018
With a super bullish price in the previous year, 2018 was expected to be the best year for OMG coin as the analysts predicted the price would reach greater heights, and the price will increase. The price predictions for the currency were made that the price could reach as high as $40-$50 by the end of 2018.
However, just like the rest of the crypto market, the price for OMG coins also started declining, and by the end of the year, the price failed all the predictions. By the end of 2018, OMG coin was trading at $1.54, and a further decline was expected.
Note: Wallet service SDK is a white-label platform, which means that it can be used by other companies as well for payment solutions.
Frequently Asked Questions (FAQ)
1. How many OMG tokens are there?
With a capped supply of the tokens, there 140,245,398 OMG in circulation right now.
2. Is OMG token a good investment?
The market has given positive reviews for the cryptocurrency, and its adoption rate has increased so the cryptocurrency can be a good investment for the long term. However, we suggest you research the market before investing.
3. Can we mine OMG coins?
No, the OMG coins cannot be mined, and more coins will not be created in the future, as well.
Conclusion
OmiseGo is a new cryptocurrency that was launched in 2017, and the company has gained a good position in the market in the past few years. The adoption rate has increased as the market has shifted towards the altcoins investment, and in the longer run, OmiseGo can prove to be the new face for the digital payments. It has started the process in Thailand as McDonald’s, and Alipay has listed it as a form of payment.
