Advertisement
AD

Main navigation

OMG Altcoin Becomes 'Emerging Trend' as Its Price Pumps 150 Percent on Coinbase Listing: Research

Advertisement
Fri, 22/05/2020 - 18:17
OMG Altcoin Becomes 'Emerging Trend' as Its Price Pumps 150 Percent on Coinbase Listing: Research
Cover image via stock.adobe.com
Read U.TODAY on
Google News
Contents
Advertisement

OmiseGo (OMG), the token that powers the Ethereum-based OmiseGo platform, is now considered to be ‘an emerging trend’ based on the number of based on social media mentions, according to crypto-oriented behavior analytics platform Santiment.

In fact, OmiseGo was ranked the number one trending keyword on May 22, outperforming the expect average mentions of Bitcoin’s Pizza Day, Satoshi, and some of the top cryptocurrency.  

Related
OmiseGo (OMG) Network Audited Successfully: Details

The ‘Coinbase effect’ is alive and well

The price of OMG has pumped more than 150 percent after professionally-oriented exchange Coinbase Pro announced its listing on May 14.

Recently, the token also landed on Coinbase’s retail platform that prides itself on being the largest exchange in the U.S.

All of Coinbase’s Americans will be able to trade the OMG token with the exception of those who reside in New York.

With that being said, the data provided by Santiment suggests that the most recent 31 percent pump could mark the local top for the high-flying cryptocurrency.

According to CoinStats, the token is currently sitting at 34th place by market capitalization, and it’s on track to edge out Basic Attention Token (BAT) and Maker.

CoinStats
image by coinstats.app

Related
OmiseGO Becomes the Latest Project to Utilize Market Making Services

Coinbase embraces altcoins

OMG became the latest altcoin added to Coinbase whose CEO Brian Armstrong once talked about listing ‘millions’ of tokens.

As reported by U.Today, 60 percent of the exchange’s new users tend to move into other assets eventually end up buying other crypto assets.

Armstrong’s attempt to promote Bitcoin and altcoins to broader audiences by replying to J. K. Rowling went terribly wrong since he tagged a fake account.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD