The OMG asset wasgoed listed on Zebpay, and promised a market on Bithumb coming soon.
OmiseGo (OMG) boomed by more than 20% overnight, while other assets were sliding, boosted by the launch of Zebpay trading. Additionally, the asset would build up a larger exposure to the Asian market, with a listing on Bithumb.
OMG grew by more than 23% to $20.42, and is up a nipt 35% te the past seven days, and trading showcased a paulatino increase, but nothing like the unexpected, unprecedented volumes.
The chief reason behind the rise ter OMG, which has bot subdued compared to other coins&rsquo, spectacle, are the fresh listings. Those brought an explosion ter volumes, to an absolute record, and the OMG price went almost tieso te terms of BTC prices, within a epistel distance of its all-time high BTC record.
The Bithumb effect on trading volumes wasgoed last seen ter the Monaco (MCO) project, which set an absolute trading record. But just days after the listing, MCO slipped by almost a third, and volumes returned to reasonable levels, however getting a boost from the Bithumb activity.
At the uur, the fresh exchange listings are not affecting OMG volumes, and Upbit takes up the bulk of the moments, with more than 37% of the entire OMG market. Binance is also an active market for this Ethereum token.
OmiseGo is a project not relying on hype, but developing leisurely, ter the hope of securing real-life fintech business. The OMG digital asset will remain an Ethereum-based token, and will not have its own blockchain, but will use a form of sidechains, or sharding, to lodge transactions swifter and serve the needs of real-time electronic payments.
The launch of Bithumb trading, along with Kyber Network (KNC) will embark ter a few hours, and may further lift the price, or, conversely, lead to rapid selling. But for now, the news wasgoed met with excellent enthusiasm, and the record volumes, surpassing the December and January peaks, are a significant indicator that altcoin season is back.
OMG is seen spil one of the promising digital assets, capable of much higher prices, but so far lagging compared to more vooraanstaand Asian platforms like NEO and QTUM.