Up 339% in OmiseGo (OMG), Where To Next?

in #bitcoin7 years ago

I introduced you to OmiseGo and the OMG token on July 24. At the time it traded for $1.48.

Fast forward to today and it’s trading at $6.50, a gain of 339%. So the question is, what’s next for OmiseGo?

The rally took OmiseGo’s market cap from $145 million to over $600 million today.

One of the advantages of Omise is that it has been around since 2013. It’s done a couple rounds of venture backed capital funding, one in May 2015 raising $2.6 million and one in July 2016 that raised $17.5 million.

Omise is already a leading payment gateway in Southeast Asia. According to co-founder and COO Don Harinsut Omise is looking to expand into Europe, Japan, and Africa.

It’s also unique in that users don’t need a banking relationship to use Omise. Users can exchange fiat and decentralized currencies without trusted gateways. Other payment services like Wechat require you to have a bank relationship. Omise already has over 50,000 merchant relationships.

If it all works OmiseGo will be the first decentralized exchange that can operate between cryptocurrencies. Here’s a good article with more details.

I’m long OMG and looking to pick up on the dips.


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I've been looking at OMG for a couple days now, and I think it's time to get on this boat before it's gone. Or is it a rocket ship? Can't wait to find out!

This post received a 4.4% upvote from @randowhale thanks to @g-dubs! For more information, click here!

How bout a flying boat?

A flying boat sounds great to me!

If it all works OmiseGo will be the first decentralized exchange that can operate between cryptocurrencies.

What about bitshares? How does it compare?

Bitshares needs to add a mobile app and be able to reach the unbanked to compare.

Gotcha...not that familiar with OMG, how does it reach the unbanked? I assume there is a mobile app?

Yes, mobile app and merchant relationships. Only SE Asia and Australia now but plans to expand. Joseph Poon is working on the project too.

OMG = MOON

The next NEO...

you recieved an up vote from danlupi with voting power of 26.32%

this coin and NEO has been booming seriously , i regret i did not bought some

Still has a ways to go

This post has received a 2.50 % upvote from @buildawhale thanks to: @g-dubs.

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This post has received a 7.58 % upvote from @bellyrub thanks to: @g-dubs.

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