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OmiseGo (OMG) Might Be Your Next Investment in 2018: Here’s Why

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OmiseGo, currently ranked as the 20th-best currency in the global coin ranking list, has been going through some interesting changes for the past couple of months. Besides getting a new listing and preparing for developmental changes, OMG is seen rising up against the dollar, in portion due to the bullish trend in the market that has been going on for the last several days and partially due to a couple of great news. Here is why OmiseGo could easily become your next investment.

OmiseGo Gets a New Listing

Listings always make a great occasion alongside with representing an entirely new opportunity of the listed coin, as the mentioned coin consequently gets on its exposure, being added to the new exchange market.

This time, OMG made quite a move by getting a listing on one of the most promising exchange platforms in the Indian market, acquiring a listing on Unocoin.

Unocoin stands for one of the greatest exchange platforms in India, altogether making one of the top platforms in the Asian market. That means that OMG got another great opportunity to penetrate into the Asian market, that way also acquiring an increased trading volume, which became evident in the last 36 hours, when OMG went up by over 7% against the dollar, while it got another rise of 2.80% against the dollar in the last couple of hours in the time of this writing.

It is considered that OmiseGo managed to acquire a slightly higher rise in oppose to its peers due to the event of getting a listing on Unocoin in the last couple of days.

OmiseGo to Merge with Cosmos: Hard Spoon Following Up Soon

The term hard fork sounds familiar to every crypto enthusiast; however, there is the term of a hard spoon as well. Hard spoon might come off as less familiar to the crypto market as not many digital assets take their chances with a hard spoon.

In case you are not sure what hard spoon is, this is a process that includes minting.

By minting the two different cryptos, you get an entirely new crypto, which allows the new asset to acquire the total balance of both cryptos.

OmiseGo is already working on preparations for a hard spoon, as OMG will get merged with Cosmos, which is a new asset.

Once these two cryptos get merged, the two different balances will become one, so OmiseGo will get the balance of Cosmos as well, which might consequently take it further up from the 20th spot on the global coin ranking list.

The hard spoon should take place on the chain called Tendermint, after which OmiseGo will be merged with Cosmos. The work on the preparation for hard spoon has been going on for a couple of months already, and even if it is not yet certain when the hard spoon will take place, it is considered that the hard spoon will occur by the end of June.

OmiseGo, Q2 and the Mobile Client

OmiseGo is a unique asset in oppose to its peers as instead of chasing after getting OMG massively adopted in real life, OMG is aiming at creating an ecosystem that will represent a safe environment for efficient interconnection between digital currencies and fiat values.

The goal that OMG is aiming to complete during the second quarter is acquiring a mobile client for OMG chain.  That is why, in order to improve the service of OMG network, the team behind OmiseGo decided to start working on creating a mobile client for their users, which would serve the purpose of staking OMG, altogether increasing the number of clients on OMG, while increasing the volume of staking among the community of OMG supporters.

The official date of the release of the mobile client is yet to be announced, however, it is most probably the case that the mobile client will see the daylight by the end of the second quarter, providing yet another valid reason for owning OMG by the end of 2018.

OmiseGo Performance

During the last 24 hours, OMG acquired a rise of around 7%, while we can see it now as it is rising by 2.70% while rising against BTC as well.

OMG is dropping when compared to Ethereum, however, this is not a surprise as the majority of the currencies can be seen rising up for the past couple of days in the sign of rebounding.

Following the latest change in the market, OmiseGo could make a solid good investment as it is still available at the price of 12.03$ per one OMG, with great chances to get back to its record value of 26$.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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How is the Crypto Market Changing?

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It has been around a month and a half since the start of 2019, and there are already some pretty obvious changes in the way the crypto market operates, especially when compared to the last year. Early 2018 was almost a complete opposite. The previous year started with cryptocurrencies at their strongest, only to see them crashing down after a few weeks. Back then, the ICO model was still quite strong, and so was the hype surrounding the crypto space. New investors kept entering the space, and new startups emerged with their tokens ready to be sold.

As the year progressed, things started to change. The prices continued to drop, the ICO model went down from around $1.4 billion in raised funds at the beginning of the year to only $100 million in the last month.

The ICO model lost investors’ trust, as many of the projects turned out to be either too weak to survive after the crypto winter struck, or scams which tricked investors out of their money and disappeared. Not to mention that the increase in ICOs popularity attracted the regulators who cracked down on them pretty hard, especially in the US.

With all of that happening, it is of a small surprise that the investors started giving up on ICOs, especially with the constant drops in prices which saw even the largest coins…

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Understanding the Uses of Different Types Of Cryptocurrencies

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Cryptocurrencies – a term which has become incredibly prominent in the mainstream media during recent years due to the proliferation of Bitcoin millionaires. As a result, the new form of currency has earned an almost infamous status. However, as with any major step forward, there is still much confusion regarding the use of cryptocurrencies, what different types of innovative electronic cash exist and what they might mean for the future.

We’re putting all of this to rest as we explain what each of the leading cryptocurrencies can do.

Bitcoin

The most popular form of cryptocurrency, Bitcoin was first thought up in 2008 by the elusive and still unknown creator, Satoshi Nakamoto, who published the whitepaper online.

It took almost a decade for the cryptocurrency to reach its peak, but in December 2017 a single Bitcoin roughly exchanged for the price of $17,000, meaning anyone who held a substantial amount of the electronic cash became significantly wealthy.

In its early years, the cryptocurrency was strictly used as an alternative for cash transactions, and predominantly for trading goods and services. However as it has increased in popularity, its range of uses has also widened, now deployed for a variety of purposes including acting as collateral for investments at merchant banks, a direct debit for subscriptions services and most notably for sports betting.

Ripple

Bitcoin’s closest source of competition, Ripple was founded…

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New DoJ Ruling May Cripple Gambling dApps

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A new decision made by the US Justice Department has expanded restrictions regarding online gambling in the US affecting gambling dApps. While the Federal Wire Act of 1961 prohibited online gambling regarding sports since 2011, the new decision expanded on this, and it now includes all forms of internet gambling. Unfortunately for many, this now also includes cryptocurrencies.

The new decision came due to considerable difficulties when it comes to guaranteeing that only interstate betting will take place and that payments will not be routed via different states.

The new announcement was explained in a 23-page-long opinion issued by the Department of Justice’s legal team, which pointed out that the 2011 decision misinterpreted the law. According to that decision, transferring funds was to be considered a violation, but data transfers were not included. By exploiting this oversight, it was possible for gamblers to turn to internet gambling. Unsurprisingly, many have realized this early on, including startups, as well as large, established firms. This, of course, also included cryptocurrency companies as well.

The new decision changes what is allowed online

The decision to include all forms of internet gambling is a massive hit in the…

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