OMG (OmiseGO) as Large-cap Token is 93rd in the 2100NEWS ranking. The quality of the order book of OMG is Poor. The average quality of the order book for large caps members of the NWSL100 index is 14. What is the true value criterion in the crypto world?
*Among all, the price is always at the forefront. By comparing with the index, we can gauge the price-performance with similar digital assets that are members of the index. Considering an investor’s point of view, peer comparison should be efficient and effective. We present you tokens that are worth keeping in mind.
OMG has been launched in 99 exchanges. Through ICO in 2017, OmiseGO raised $25 million.
OmiseGO as Large-cap Token is 93rd in 2100NEWS ranking (after Index Review of 13th March 2020). It is an Index member: NWST1100, NWSL100, NWSTo100, NWSET100.
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 11.9, (Average for Large caps: 13.7)
Over the past week, the average market cap was $72.07 million, average daily volume was $100.7 million.
To make peer comparison we gauged the OMG (OmiseGO) with 2100NEWS Digital Assets 100 Large Cap Index (NWSL100). Looking at the chart below, at the top we can see the OMG vs. NWSL100, in the middle of the chart is the original OMG price, at the bottom of the chart are NWSL100 and correlation between OMG and NWSL100. On average (purple area graph), the OMG to NWSL100 ratio has shown that OMG has fallen. In the last four months, NWSL100 has beaten OMG which has dropped by 21.36% vs. NWSL100. However, the correlation graph gives us an explanation that the correlation is strong (Pearsons correlation coefficient = 0.98). It was moving in the same direction as the NWSL100 but in the fall phase, it was falling faster. So, it has been a good representative of the NWSL100 index in terms of price changes.
According to Etherscan, ownership is very dispersed. There are 657,608 token holders (at the time of this article’s writing).
In 2019 they launched a new website and their own blog which is rare these days. Their core values are: (1) Embrace Transparency, (2) Be Impact Driven, (3) Strive for Openness and (4) Champion Innovation. They invest heavily in communications with the community, which is reflected in the large number of Twitter followers: 280.7K. The number of token holders is also enviable (see above).
About OmiseGO – what they do
OmiseGO is a technology first company whose mission is to enable people to securely access financial services, invest, exchange and spend digital assets anytime, anywhere through the OmiseGO platform.
OmiseGO offers solutions for businesses seeking to provide their customers greater access to financial services and opportunities. Their main products are:
- The OmiseGO Network which enables instant, peer-to-peer transactions in real-time, facilitating financial services across geographies, asset classes and applications.
- The OmiseGO eWallet Suite which is designed for businesses to easily integrate solutions and connect their customers to a digital marketplace.
They also have Technical consulting services which offers help to identify strategic choices, from when and how blockchain technology can benefit the business, to designing specific use cases.
The primary value in creating an open blockchain and token for OmiseGO as a technology provider, is creating a future-ready infrastructure for payments and other forms of value transfer services.
Established in 2017, OmiseGO is headquartered in Bangkok with team members in Australia, Japan, Ireland, Singapore, Slovenia, Spain, Russia and the U.S. The founders are Jun Hasegawa (CEO) and Donnie Harinsut (COO).
Exchanges: 50x, Alterdice, Bancor Network, Bgogo, Bibox, Binance, Binance JEX, BitAsset, BitBay, Bitbns, Bitcoin.com, BITEXLIVE, Bitfinex, BitForex, Bithumb, Bitkub, BitMart, BitRabbit, Bitrue, Bittrex, Bitvavo, BKEX, Braziliex, BTC Markets, BW.com, C2CX, Cashierest, Cat.Ex, CEX.IO, CHAOEX, Coinall, CoinBene, Coinbit, ,Coineal, CoinEx, CoinField, CoinHe, CoinMetro, Coinone, CoinPlace, CoinTiger, COSS, Crex24, CROSS exchange, Dcoin, Dex-Trade, DigiFinex, DragonEX, ExMarkets, Exmo, Exrates, Fatbtc, Gate.io, GDAC, GOPAX, Hanbitco, HCoin, HitBTC, Hotbit, Hubi, Huobi Global, Huobi Korea, Huobi Russia, IDAX, IDCM, IDEX, Independent Reserve, IndoEx, Korbit, Kraken, KuCoin, Kyber Network, Liquid, LiteBit.eu, Livecoin, LocalTrade, Mercatox, MXC, OceanEx, OKEx, OKEx Korea, OpenLedger DEX, P2PB2B, Poloniex, ProBit Exchange, Radar Relay, RightBTC, Sistemkoin, Switcheo Network, TAGZ, Tidex, TOPBTC, Upbit, VCC Exchange, Vebitcoin, VinDAX, WazirX, WhiteBIT, ZB.COM.
You can follow them: Github Reddit Twitter
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The Crypto Highlights are considered the opinion of 2100NEWS and the material is for informational purposes only and 2100NEWS is not soliciting any action based upon such material. The material is not to be construed as an offer or a recommendation to buy or sell a security nor is it to be construed as investment advice. At the time of this article’s writing, the author did not hold any tokens OMG.