After a couple of shaky weeks, the crypto market seems to be finding its way once again. As a result, some of the most promising altcoins out there are making some bullish runs. OmiseGo (OMG) is one such coin that we will examine today. Its innovative strategy of connecting fiat to crypto might be a large difference maker in months to come.
MOST PROMISING ALTCOIN: OMISEGO (OMG) IS TRENDING
As the subtitle says, OmiseGo (OMG) is trending. But why? Usually, these things don’t happen by mistake. In this case, OMG is generating buzz due to Unocoin announcing the new listening of OMG on their trade platform. For those that don’t’ know, Unocoin is one of the top crypto exchange platforms in India and this listing will provide a much-needed boost to the value of OMG. India is the second largest crypto market in the world and now, millions of additional eyes are all on OMG.
MOST PROMISING ALTCOIN: OMISEGO AND THE HARD SPOON
We’ve all heard of the hard fork before (e.g. ETH Classic, Bitcoin Cash, Bitcoin Gold, etc.) but have you ever heard of a hard spoon? Well, you’re about to learn what it’s all about and why it’s affecting OmiseGo. Simply put, a hard spoon is a process of minting two, different digital assets. In this case, these assets are OMG and Cosmos. As a result of the minting, the balances of OMG and Cosmos become one, unified force. Hence, this means one digital asset, with one balance showing the market capitalizable of both assets. The balances of Cosmos and OMG are to be merged on the Tendermint chain. While the details are still working themselves out, users can expect to see this new, hard spoon by the end of June.
MOST PROMISING ALTCOIN: OMISEGO AND THE FUTURE MARKET
OmiseGo has seen a 30% decrease over the last months but as the market shows signs of a bullish run, OMG is looking good. At the moment, OMG is maintaining the 20th spot on the worldwide coin ranking list with a market cap of 1.2 billion dollars. BestRate users can easily find OMG on the platform and capitalize on it’s growing success. Experts believe OMG has tremendous odds of getting back to (and even surpassing) it’s all-time high of $26 in the next couple of months.