Hey Steemians! Hope your day is going well and I hope you all enjoyed my 1:00pm ICO review but now its time for a token review and analysis! Todays one is a highly popular token called Omisego and I hope you all enjoy this article too!!!
OmiseGo seeks to solve a fundamental problem amongst most payment processors, financial institutions and gateways. The project will enable decentralized exchange on the blockchain at very low cost while accommodating high volumes.
The project will operate across all currencies and access types via the omisego network that is connected to the Ethereum main-net. This will enable financial transactions like payments, payroll deposits, remittances, e-commerce, assets management and a lot more to be made seamlessly on the platform.
Millions of users all over the world will be able to make the transition from using fiat currencies to cryptocurrencies like Ethereum and Bitcoin. The aim of OmiseGO is to act as an agnostic between fiat and decentralized currency.
The project will be built on a blockchain that comprises of a decentralized exchange, clearinghouse messaging network and a blockchain gateway. The system is designed in such a way that settlements and clearing are done within the Omesigo blockchain while the cost of protecting transaction is externalized to other chains.
A diverse payment solution can be deployed to the robust Omesigo network via the program’s White-label Wallet SDK.
Learn more about this ICO here:
I haven’t been able to look into the LinkedIn profile of the team members but I can tell judging from the huge success of Omesigo that the team although small have really made a big impact.
If you plan to invest in this coin here is a list of some important financial details that should interest you. The ICO traded from 23rd Jun 2017 and ended 23rd Jul 2017 with the token code OMG. Price in the ICO was 0.23 USD and as of writing the average trading price is 13.86 USD which represents an outstanding 5,926.09% ROI.
Accepted funding sources include BTC, ETH and Fiat currency. To achieve its aim a soft cap of 8,000,000 USD was set while a hard cap of 25,000,000 USD was in place. The ICO launch saw the team hit the hard cap of $25,000,000
Trendline analysis of the three-month graph showed a steady decline form a high of 20.13 USD on Feb 28th 2018 to a low of 8.59 USD on March 18th 2018. Price traded sideways for a while before breaking the trendline upwards in April.
Since then there has been a sustained break above the trendline in an upward trend peaking at 16.06 USD in April 13th 2018. Price is presently hovering at an average of 13-15 USD with a break of the April 13th high in focus.
A sustained break above the April 13th peak value will open the door to 17.00 USD. On the downside a break below 10.00 USD physiological level would indicate that the current Bull Run has faded and a resumption of the downward trend.
Short-Term Outlook: Bullish
The information in this article is just for the interest of Crypto Lovers and should not be considered as investment advice. If you want to take this opportunity, then invest only what you can afford.
