OmiseGo (OMG), which is presently sitting at the 20th position on the list of top digital currencies in the world, has been experiencing some fascinating changes in the last few months. Besides preparing for developmental changes and getting a new listing, OmiseGo (OMG) has witnessed some increase in its value against the USD. Here are some reasons why this digital currency could be your next investment option.
OmiseGo (OMG) Gets a New Listing
Listings always present digital currencies with great opportunities and increase their exposure. This time around, OmiseGo made an enormous move by being listed on one of the most promising digital currency trading platforms in India – Unocoin. Unocoin is one of the top digital currency exchanges in the Asian market.
This means that the digital currency now has a great opportunity to infiltrate the Asian market, this will also increase its trading volume. The trading volume of the coin became evident in the past thirty-six hours when the value of the coin went up by 7 percent.
OmiseGo (OMG) to Merge with Cosmos
The term hard spoon might be less familiar to digital currency buffs, as not a lot of digital currencies take their chances with a hard spoon. Hard spoon is the process that involves minting. By minting two digital currencies, you get a completely new digital currency, and the new digital currency will attain the total balance of the two digital currencies.
OmiseGo is preparing for a hard spoon, as they want to merge with Cosmos to form a new digital currency. This will further increase the value of the coin as well as its ranking.
The Performance of OmiseGo (OMG)
In the last twenty-four hours, the value of the digital currency has increased by seven percent against the USD, and it has also increased by 2.7 percent against Bitcoin. Following the previous trend in the market, OmiseGo (OMG) could be a great investment as it is still trading at $12.03, with chances that it might come back to its all-time high of $26.