After the drastic decline of Bitcoin’s value back in January this year, the competition among the digital currencies that are beyond the influence of Bitcoin has increased significantly. With the number one digital currency in a critical situation, other less popular digital currencies are beginning to pave ways with their benefits and features.
The presence of about 1,800 digital currencies in the crypto market for traders all over the world, the competition for a certain range of price along with market cap has become even ferocious. Presently, the rivalry between OmiseGo (OMG) and EOS is the one that seems to be getting a lot of attention.
The Digital Currency and Its Latest Developments
OmiseGo belongs to one of the fastest growing currencies that presently exist in the crypto market. It was initially introduced as an Ethereum-based platform that is capable of supporting payment services and trading together with a decentralized exchange.
OmiseGo is slowly trying to attain a scalability of 1,000,000 transactions every second with its latest technical upgrades. A couple of weeks back, the development team of OMG published an updated roadmap where they made mention of their future plans, some of which includes:
- Elimination of Honte and Cosmos DEx.
- The development of Plasma DEx
- Development of scalable blockchain.
EOS and Its latest Developments
EOS was created to provide an unerring blockchain infrastructure for developing and deploying blockchains. Since it was introduced in July last year, the cryptocurrency has been the center of attention for a lot of companies and traders because of its ingenious features.
The Present Scenario for OMG and EOS
Presently, the two cryptocurrencies are sitting on commendable positions on CoinMarketCap. EOS is holding the number 5 position with a market cap of about $11 billion.
On the other hand, OmiseGo is at the number 23 spot with a market cap of about $1.3 billion and its current value is $12.41.
Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.
