OmiseGO (OMG) – Ethereum’s Favorite Token

Things got pretty ecstatic for OMG OmiseGo digital currency when Ethereum’s founder, Vitalik Buterin tweeted about this cryptocurrency. Buterin tweeted somewhere around mid-December of 2017 that his favorite token is currently OMG and, as we already had a chance to witness what happens when tokens get praised by someone who is considered an authority in the world of digital currencies, OMG value increased for 100% immediately after the post.

After a single tweet posted by Ethereum’s first man, this digital currency had jumped from dealing at only 0.40$ to marvelously being worth 19$ per one coin at this very moment. We bet lots of small token founders wished Buterin tweeted about their currencies as OMG joined the big guys easily after this benevolent tweet.

Why is OMG Buterin’s Favorite Token?

As Vitalik Buterin states, his favorite token on the market is OmiseGo and the reasons he mentioned to back up his affection towards this currencies stated that OMG is among top of revolutionary tokens as this currency is not a medium-of-exchange token, has a clear valuation model where there are expected discounts regarding the tax fees and minus node operation cost and requires running nodes to get return rather than having passive income which makes it more legally defensible.

Being the creator and founder of one of the most promising digital currencies and cryptocurrency communities in the world, Vitalik does represent a figure of authority and respect in the world of digital coins. Having Ethereum one of the most revolutionary decentralized platforms that allows not only cost-effective and fast transactions with no third parties involved but also allows users to work on the network, earning Ethereum tokens, exchanging anything of value like shares and other forms of values, having OMG acknowledge by Ethereum’s platform creator and founder says a lot about potential this token has within its encryptions, blockchain technology usage, and functions.

How is OMG doing at the Moment?

When Vitalik tweeted about OMG and its great potential, it was predicted that this token will live up to have value increase from 0.40$ to 4$ per one coin, but now we see that OMG exceeded the general expectations as this token reached the value of almost 19$ per one coin. Now, OMG has reached 1 billion dollars of total net worth and it seems like this token is here to stay and keep up the good work, having been predicted with an additional increase in value during the course of 2018.

As OMG announced a partnership with McDonald’s, we have yet to see their plan with this massive food chain that has restaurants all over the globe, they also announced getting inside Thailand market as well, which could bring them immense amounts of profit. Their plan is to have OMG starting with white label wallet which means that they are targeting approximately 250 million adults that don’t have bank accounts or don’t use their accounts that often. The main idea is to make banking possible through dealing with OMG so that every person who doesn’t own a bank account could store their money with guaranteed safety and protection of their personal funds.

In case they succeed with their plan and have at least 1% of their targeted audience accepting their conditions, OMG would have added 24 trillion dollars coming in to increase the current net worth. No need to say that this would make OMG one of the biggest coins dealing at the market at this moment and probably for a long time to come.

Having been traded at 0.40$ somewhere around July of 2017, OMG was expected to have at least 4$ per one token once Vitalik tweeted about this coin and its potential he explained shortly, OMG is slowly but steadily growing from day to day. In the meantime, the expected value has doubled and OMG was trading at 8$. Now, this currency is being traded at 19.97$, going very close to having been worth 20$ and going over that value.

The charts are showing that Buterin’s tweet came as more than useful for this promising token as the value is keep rising. Even during the big drop of many other currencies at the end of December, OMG kept its calm and remained stable which shows potential this token has acquired during the past 300 days.

OMG in 2018

OMG is currently trading at a bit under 20$ per one coin, slowly joining the club of big boys and the first two days of 2018 have shown increase of 0.10%, predicting additional increases further in the future.

Advisors’ comments on OMG is magnificently positive and they recommend investing in this token as OmiseGO represents one of the most promising digital coins with rising value, thanks to its revolutionary functions and stable value that experienced more than several increases during the past couple of months.

If you add the fact that OMG is Ethereum approved, 2018 seems more than promising for this cryptocurrency. If you are planning on investing in OmiseGo, you should probably invest while it’s still warming up, because once it gets too hot, this coin could jump as high as Bitcoin. In case they get accepted by Thailand we are talking about big franchise scale success all holders, creators, and investors are going to acquire. The last thing remaining is to thank Vitalik Buterin for such a fair insight and recognition of potentially great “fellow coin”, which to begin with affected the rising value of OmiseGo and made it one of the tokens with the biggest potential.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

Image courtesy of Global Coin Report Archives via Flickr