In the Ethereum scaling race OMG Network was the first platform to roll out Plasma, but now they have real competition going on. In this article ChangeHero will round up relevant OMG news and give you ideas about OMG Network price prediction 2021 and beyond.
OMG Network Price Prediction 2021–2030
- This year, realistically the price can rise to $10.59. An optimistic OMG Network price prediction 2021 would put it closer to the current ATH;
- In 2025, OMG will be more widely adopted and utilized, meaning more capitalization. The price range of $15 to 150 is pretty reasonable;
- In 2030, the crypto market will be dramatically different from what it is now. If we are to assume OMG stands the test of time, it can be worth hundred times more than what it is worth now, over $300.
What are OMG Network and OMG?
OMG Network is a payment system built on the complimentary Ethereum layer. It sports the security of Ethereum and the speed and throughput of Plasma (Ethereum layer-two solution that lets transactions be processed off the main chain).
Previously known as OmiseGO, the project is an undertaking of a large South-East Asian payment processing company, Omise. However, in 2020, the project was rebranded as OMG Network in time with the long-awaited mainnet launch.
You can read all the essential info on OMG Network in our Beginner’s Guide.
OMG Network is a payment system built on the complimentary Ethereum layer. It sports the security of Ethereum and the speed and throughput of Plasma (Ethereum child implementation that lets transactions be processed off the main chain).
Previously known as OmiseGO, the project is an undertaking of a large South-East Asian payment processing company, Omise. Backed by an already successful enterprise, OmiseGO garnered a lot of trust from the investors, despite technically being in testnet mode for years. However, last June, the project was rebranded as OMG Network in time with the long-awaited mainnet launch.
You can read all the essential info on OMG Network in our Beginner’s Guide. Next, we’re going to cover the OMG news and go into detail on price movements and predictions. Read on until the end!
OMG Price History
OmiseGO price in 2017-2018
OmiseGO entered the scene in mid-2017, during very turbulent times for the market, as it was experiencing an incoming flow of investitions and an avalanche-like growth in the number of projects.
On January 8, 2018 OMG reached its ATH of $28.35. Later in 2018, following the market trends, OMG spiked two more times, but did not reach the early 2018 high. The second half of 2018 for OMG was characterized by a downtrend which took the price down 95% from the ATH.
OmiseGO/OMG Network Price in 2019-2020
Crypto-winter of 2019 was not too kind to the OMG price, bringing it to a $1 level on average. In summer of 2019, the price rebounded above $2, but the rest of the year was accompanied by a downtrend.
In June, 2020 OmiseGO rebranded the project to OMG Network and launched the mainnet. Not long before, the price doubled to $1.88.
The local high was reached after the news that Tether moved $3million of USDT from Ethereum to OMG Network. OMG rallied to $12.97 at the time.
In December, Genesis Block Ventures announced acquisition of the project, causing OMG to close at $3.66, up from opening at $1.
OMG Network price in 2021
The token started to catch up with the rally of Bitcoin as 2021 began. First, it reached $8 in February, then exceeded $11 in April and kept going.
In May, the YTD high of $15.32 was reached, at the time when OMGX testnet, an improved version of OMG Network, was announced.
At the moment of writing, a single OMG token is worth $3.68. OMG Network token ranks 99th on CoinMarketCap with a market cap of $516,702,677.
What influences the OMG Price?
The value of OMG Network in the eyes of investors lies in its applications. Ethereum already proved itself as a trustworthy decentralized platform for apps and smart contract-powered projects.
The launch of Tether USD (USDT) on OMG Network caused a significant increase in price of OMG. OMG Network is a fitting solution to make the usage of USDT less expensive and less prone to be influenced by network congestion.
One of the actively developing applications of OMG Network right now is the Community Points Engine (CPE). It is a browser extension that lets users tip posters and commenters on Reddit.
While the idea itself is not new, the CPE is aiming to be the app that will be the optimal choice for this purpose.
Furthermore, OMGX will offer liquidity staking, which is a step forward from Proof-of-Stake in terms of incentivising stakers. Once it hits the mainnet, locking OMG in the network will become even more profitable.
Parent Company Advancements
In December 2020, OMG Network was acquired by Genesis Block Ventures. The new parent company scored a few strategic partnerships, such as with Enya, an AI development startup.
The collaboration is already bearing fruit with OMGX on the horizon.
Twitter posts on OMG
— Smeowy Pepe (@SmeowyPepe) June 29, 2021
User Smeowy Pepe has quite a few arguments in favor of OMG Network going to $75 by the end of the year. This is not even a high target, as they claim, because they are more confident about it going to $122.
What is OMGX?
— OMG, optimistic rollup + plasma (@omgnetworkhq) June 8, 2021
The official OMG Network account frequently shares the latest relevant news and ask sessions of the developers. In this one, Enya researchers shed more light on OMGX, its liquidity staking and Varna DEX on OMG Network.
Request 07 – #OMGNetwork
This one starts a bull cycle as well and could be classified as one of those ‘Dino’ coins.
Break above 100-Day and 200-Day MA.
Breaking above 2400 sats and I think we’ll see 3800 and 4800 sats next. pic.twitter.com/ZmIbAR9zU6
— Michaël van de Poppe (@CryptoMichNL) May 10, 2021
Crypto analyst Michael van de Poppe gives a positive prediction for OMG. Its bottom line is, the token is primed for a refreshed bull run, according to the technicals.
OMG Network Price Prediction 2021
Previsioni Bitcoin OMG Network Price Prediction 2021: $9.80
A media outlet Previsioni Bitcoin gives a bullish OMG forecast for 2021. They claim that in the next few months, the price will be boosted by mass adoption and increase in capitalization.
By December, the price of a single OMG coin is predicted to be $9.80.
Gov.Capital OMG Network Price Prediction 2021: $10.59
Gov.capital’s algorithm evaluates OMG Network token as a good but risky short-term investment. By the end of 2021, OMG token might rally further to $10.69.
DigitalCoinPrice OMG Network Price Prediction 2021: $6.42
In 2021, OMG token will close the year with 65.72% change to the upside to the current price. The DigitalCoinPrice’s OMG price prediction projects a brief downtrend in summer, when the price might rebound to $5.09.
After that, though, a confident uptrend will push the price to $6.13 in October, and by December it will see a slight correction to $6.08.
OMG Network Price Prediction for 2022–2024
TradingBeasts OMG Price Prediction 2022: $4.03
TradingBeasts analytics predict that in the next few years, the price of the token will not grow much. In 2022, OMG will barely be worth more than it is now: the minimal price at the start of the year will amount to $3.34.
Maximum expected OMG price in the forecast will happen closer to the end of the year, $5.07. In a year, on average OMG will be trading for around $4.03.
Gov.capital OMG Forecast for 2023: $24.23
It is projected that on average OMG will be trading at about $24.23 in two years. A projected maximum is $27.86 but it can also dip as low as $24.23.
DigitalCoinPrice OMG Prediction 2024: $9.72
In 2024, DigitalCoinPrice predicts that OMG will hit $10.91 and dip to $8.07 at the lowest. On average, the uptrend will still be prevailing, albeit with periods of volatility.
OMG Network Price Prediction 2025
Another algorithmically produced OMG forecast by CryptoGround projects growth for OMG token price over several years. By 2025, according to this OMG price prediction, each token will yield profit and will be worth $24.72.
Famously bearish on most altcoins, WalletInvestor forecast provider is surprisingly bullish on OMG. In 4 years from now, they predict a 728.54% increase in all OMG holdings.
Their OMG price prediction for 2025 is $30.15 at maximum.
Captain Altcoin: $15–150 or zero
Crypto analyst Philipp Traugott is sceptical about OMG Network’s future: in five years it may not even be relevant anymore. But if that is not the case, its price will be on a par with the whole market and go from $15 to $150.
OMG Price prediction 2030
The web portal cryptocurrencypriceprediction.com suggests the following OMG price prediction for the year 2030. The OMG tokens will be traded for $309.57 to $328.03 by the end of the decade. As a reason for this, they cite Vitalik Buterin endorsing the technology behind OMG Network, as well as the growing list of partners and integrations.
How to buy OMG with ChangeHero
If you are convinced that you would like to invest in OMG Network, and are now looking for ways to buy OMG, ChangeHero can help you with that! You can buy OMG with any other cryptocurrency from the list of supported coins:
- Choose your currency pair and provide an exchange amount. Pick a Best or Fixed rate;
- Next, provide an OMG wallet address and a refund address just in case. Double-check all the details in the transaction!
- Finally, send in a single transaction the exact sum you will be exchanging to the address generated by ChangeHero.
From there on, we will be taking care of the swap. A few minutes later the OMG tokens will be on the way to your wallet! And if you need help, you can reach our support 24/7 on the website, by email: [email protected] or in the official Telegram group.
OMG Network is one of the many interesting and undervalued projects on the cryptocurrency market. An updated version of the protocol can compete with other Ethereum scaling solutions, and OMG tokens will remain in demand.
Frequently Asked Questions
How to buy OMG?
If you already have cryptocurrencies, you can buy OMG on ChangeHero in a few easy steps without registration.
- Choose a pair and rate, provide your wallet address(es);
- Double-check the details, read and accept the terms;
- Send crypto in a single transaction to a generated address and wait a bit!
Is OMG a good investment?
With the current state of Ethereum, layer-two solutions are in a very high demand. With that in mind, most analysts agree that OMG is a solid investment.
How much will OMG be worth in 2030?
Estimates given for OMG in 2030 aim for $309.57 to $328.03.
What price will OMG go to?
In a year, OMG might rise to $75, in five years up to $150 and in 2030 to over $300.
What will the OMG Network be worth in 2025?
Estimates given for OMG in 2025 aim for $15 to $150.
What will the OMG Network be worth in 2021?
Estimates given for OMG in 2021 aim for $6.42 to $10.59.
This article does not constitute financial or investing advice. No price prediction or forecast is guaranteed to provide exact information on the future price. Past performance is not indicative of future results.
When dealing with cryptocurrencies, remember that they are extremely volatile and thus, a high-risk investment. Always make sure to stay informed and be aware of those risks. Consider investitions in cryptocurrencies only after careful consideration and analysis and at your own risk.