2020-8-21 13:10 |
OMG Network (OMG) has been the best performer of the past 24 hours, based on its price growth. The coin has seen a massive surge that allowed it to climb up to the 24th spot on the list of largest cryptos. Not only that, but its market cap is approaching $1 billion, while its trading volume has already exceeded $4 billion by an additional $200 million.
OMG Network in 2020OMG did not see the greatest performance in early 2020, especially not compared to the current 77% price surge. However, prior to this major change, the coin’s performance was more than decent.
OMG Network started the year with a price of $0.60, and as weeks went by, it started climbing up until it hit its peak at $1.36 on February 14th. This was a price increase of over 100%, which was rather good at the time.
Of course, after hitting this peak, OMG saw a price correction, alongside the rest of the market. Then, the March market crash took it down even further, resulting in a new low of $0.418.
OMG recovery and a new surgeFollowing the price crash, OMG started seeing slow but consistent recovery. It soon showed that it can be an excellent investment opportunity, and as it started surging around mid-May, many rushed to buy OMG Network’s tokens.
The surge was relatively sudden and short, but it did a lot for the coin, allowing it to climb from $0.74 to nearly $2 in a matter of only a few weeks.
After that, it dropped to a support at $1.5. The coin made multiple attempts at growth, between mid-May and early August, but for the most time, it remained stuck between $1.5 and $2.
Then, on August 13th, the coin started seeing a surge that kept leading it up, and it progressed more and more. It briefly reached $8 before dropping down to $6, from where it kept progressing further up. The progression continues still, with the coin being up by 241% in a week, and its current price being at $6.59.
ConclusionOMG price was rather decent in 2020, but it can hardly be compared to growth the coin has seen in the last week, which took it from $2 to $6.59.
The post OMG Network (OMG) price surges by over 77% appeared first on Invezz.
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