05 Jun 2018 Samantha McLauren
OmiseGo Gets on Investor Radars with Unocoin Listing and Cosmos Hard Spoon
The announcement and the bullish pattern of the crypto market in the last couple of days, have favored the coins price with a price rise against the dollar.
OMG makes a significant increase in its trading volumes thanks to the size of the market that reaches with the Unocoin listing - one of India’s and Asia’s best trading platforms. This listing and the opportunities ahead of the coin led to a price increase of more than 7% in the USD trading pair in 36 hours. Trading volumes increased by almost 15%, reminding the crypto market watch of Bitcoin's rise at the end of 2017.
Alongside the listing, OmiseGo’s team is working hard on the final preparations for the hard spoon with Cosmos. The new coin will inherit the total balance of the two coins. This may lead to a further rise in the global cryptocurrency ranking.
The minting process is set to run on Tendermint. Although the preparations are in their final stages, the teams haven’t confirmed a specific date. Some experts believe that OmiseGo will merge with Cosmos by the end of the month.
OmiseGo stands out from the rest of the altcoins in its aim to create one of the best and safest environments acting as a gateway between cryptocurrencies and fiat money, rather than aiming for quick mass adoption.
Focusing on providing the best user experience, the OMG team is working on the development of an OMG mobile client that will enable users to stack coins. This should lead to an increase in the number of OMG clients alongside an increase in the staking volume.
The crypto world expects to see the launch of the mobile app by the end of the second quarter, which is another legitimate motivation to own OMGs before the end of 2018.
Despite the price increase, OMG is slightly losing its ground against Ethereum, because of ETH’s price spike.
Following the most recent changes in the market and the results of the planned developments, OmiseGo could be seen as a significant investment opportunity, currently trading at 12.03$ per OMG coin, with excellent opportunities to return to its record value of 26$.Altcoin News OmiseGo OMG coin altcoin cryptocurrency news crypto news Crypto Price