OmiseGo vs. EOS: What the Future Holds For These Two Rivals

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.

SEE ALSO:   Ripple can be the dark horse cryptocurrency of 2018: Ripple Price Predictions - XRP Price Today-Fri Jun 22

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.

SEE ALSO:   Stellar Lumens Price Prediction 2018: How Will XLM Perform In The Future? (XLM News Today)

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.

loading...

Legal Disclaimer: The content of this website (smartereum.com) is intended to convey general information only. This website does not provide legal, investment, tax, etc advice. You should not treat any information on smartereum.com as a call to make any particular decision regarding cryptocurrency usage, legal matters, investments, taxes, cryptocurrency mining, exchange usage, wallet usage, initial coin offerings (ICO), etc. We strongly suggest seeking advice from your own financial, investment, tax, or legal adviser. Neither smartereum.com nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from smartereum.com.

SEE ALSO:   An Investment in Cryptocurrencies is Just Like an Investment on the Internet Ten Years Ago

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Get Smart About Crypto!


Promise we won’t spam you!

We Are Hiring

Click here if you would like to join one of the fastest growing blockchain news companies in the world!