OMG Network Price Prediction 2024, 2025, 2026-2030: Is OMG A Good Investment?

Amidst the ongoing bull run, the altcoins leading the charge as Bitcoin crosses the $73,000 barrier. With the buyers looking out for high potential undervalued projects, let’s have a look at our OMG Network price prediction. With the altcoins finding an immense rise in 2024, OMG’s price is set for a massive jump. As one of the unique projects intended to resolve the glitches related to payment processors and financial institutions, the OMG network has turned the heads of the masses in the past.

The stout fundamental traits of the OMG network have been lucrative enough for marketers to grab some. Hodlers and investors have been waiting for a bullish price run of the digital asset. Are you one of the many, who is keen on the predictions of OMG? Look no further as this write-up will illustrate the feasible price projections of OMG for 2024 and the years to come!

Overview 

Cryptocurrency	OMG Network
Token	OMG
Price	$ 0.62870256 -6.29%
Market cap	$ 88,172,640.2849
Circulating Supply	140,245,398.2451
Trading Volume	$ 13,737,517.5962
All-time high	-
All-time low	-
24 High	$ 0.6710
24 Low	$ 0.6210

*The statistics are from press time. 

OMG Price Prediction For 2024

In the case of extreme bullish sentiments, the price would move up to $5.39 in the 2024 bull cycle. The price might flip to $2.84 if bears dominate the space. However, with average buy and sell pressures the price would end up trading at $3.95 by the year’s end.

OMG NetworkPrice Prediction For 2025 

Growing global adoption of cryptocurrencies and a wider user base could push the price to a maximum of $8.55. However, emerging capable rivals to both OMG network and Ethereum could slash the price to $4.52. Successively, factoring in the bullish and bearish targets, the regular price could be at $6.07. 

OMG Network (OMG) Price Prediction For 2026

OMG Network has plans to introduce new services to its trading. And once it completely transforms into a Proof-of-Stake (PoS) consensus mechanism. It might claim a value well above $13.94. On the flip side, the price might as well experience a steep fall to $7.20. Consequently, the absence of fulfilling events could conclude the year at $9.71. 

OMG Network (OMG) Price Prediction

• OMG Price Prediction 2027: The potential price for OMG ranges from $11.47 to $22.73, with an average price of $15.53.
• OMG Price Prediction 2028: The projected prices vary between $18.27 and $37.06, with an average of $24.85.
• OMG Price Prediction 2029: Estimates suggest prices to fluctuate between $29.10 and $60.42, with an average of $39.75.
• OMG Price Prediction 2030: Anticipated prices range from $46.36 to $98.50, with an average price of $63.58.

What Does The Market Say?

Click here to read our price prediction of Cardano’s ADA! 

What Is OMG Network (OMG)?

OMG Network was built in order to facilitate a Layer-2 scaling solution for ethereum ethereum Blockchain NetworkTechnology . The non-custodial protocol was previously named as OmiseGo. The aim of the platform is to affirm a high-transaction throughput at a reliable price. The network has its own native utility token called OMG. The token can be used as a payment solution for fees on its platform. And users can use the token to earn rewards by staking.

However, the network makes use of a distinct scaling solution called MoreViable Plasma. Which is integrated with the plasma sidechain method of architecture. Which categorizes several transactions off-chain into a pack that can then be confirmed as one transaction on the Ethereum blockchain.  

While the OMG network has been deployed to boost the Ethereum ecosystem by resolving the glitches related to transaction speed and fees. The sidechain solution would also help in bringing down electricity usage by almost 99%.  

omg network

• Blockchain Network

omg network

Fundamental Analysis

The OMG Network was founded by Vansa Chatikavanij in 2017. The tech firm is based out of Thailand, previously recognized as Omise Holdings. The founder completed his master’s graduation from Columbia University in earth and environmental sciences in New york. He has accumulated knowledge in working with financial institutions such as the World Bank and International Finance Corporation. 

He worked as a managing director at the company until 2019. The present COO of the network is Stephen McNamara, who served at Huawei technologies as a former head of blockchain R&D strategy. Whereas Kasima Tharnpipitchai is working as a CTO of the OMG network. OMG network released the Proof-of-Concept consensus mechanism in January 2018, which was built as an early version of its Plasma-based sidechain.

Alpha launch of the OMG platform in 2019 called Ari ensured the more tech-savvy iteration of the protocol. In contrast to its Minimum Viable Plasma predecessor. Furthermore, the OMG network launched a test net version of its platform on a Ropsten environment in March 2020. However, in the same month, the network released its mainnet version OMG Network V.01.

CoinPedia’s OMG Price Prediction

The OMG price has shown rapid volatility in the recent past. With substantial fluctuations, OMG might claim $3.2 by the end of 2022. The price may increase if the company announces any new improvements. 

As per Coinpedia’s formulated OMG Network Price Prediction, it might be a good investment in the long term perspective. OMG price might hit a maximum of $8.5 by the end of 2024. And might eventually, surge toward $14 by the end of 2025.

Historical Market Sentiments

2018

• The price had achieved magnificent profits during the very beginning of its commencement. 
• OMG price moved in pace with ETH price and claimed an ATH of $25.72 on 13th January. 
• With rapid volatility, the price ends up trading at $1 by the year’s end.

2019 and 2020

• With no significant collaborations and upgrades, the OMG price hovered between $0.7 to $1.2 throughout the year 2019. 
• The network succeeded in regaining strength in the year 2020. 
• With the launch of V1 Mainnet Beta in June, the price had strongly attempted to claim $8. 
• Failing to gain the expected profits, the project ended up trading at $3.21. 

2021

• The price started moving in an upward trajectory since early January. 
• With a short breather, it broke a crucial resistance of $9.6 reaching $14 by mid-May. 
• Later, the price action was hit hard by the Chinese market crash on May 19th. When the price declined by more than 200% reaching $3.17 on 20th July. 
• The protocol escalated in a tight parallel channel until September 25th reaching $8.2. Then it broke the channel with the commencement of Q4, surging to $16.49. 
• With certain fluctuations, the price claimed $21 on 5th November. The introduction of the US infrastructure bill and other factors led to the annual closure at $5.

To read our price prediction of ApeCoin (APE) click here!

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