Coin of the day is OmiseGo.
OmiseGO is an open payment platform and decentralized exchange issued on a base of Ethereum technology. The OMG network is a scaling solution for finance on Ethereum, enabling transparent, peer-to-peer transactions in real-time. The company slogan is "Unbank the Banked" and the stated objective is to provide better financial services for everyone, including both people who use traditional banking services and people in developing countries and locales which lack traditional banking infrastructure. Its token OMG is one of the highest by the market cap Ethereum project in the world and was the first Ethereum project to exceed $1 billion valuation. The project is supported by co-founders of Ethereum: Vitalik Buterin and Gavin Wood, and is designed by the creator of Lightning Network and Plasma, Joseph Poon. On 28.02.2018 the team opened publicly SDK and eWallet repositories.
OMGBTC peak formed at 12.09.2017 close to the 0.0033 BTC, after that the coin went into recession. Downward movement stopped at 02.12.2017 on the 0.00045 BTC mark, and the uptrend emerged. Currently, OMG is trading in the lateral correction pattern to the 02.12.2017 - 28.02.2018 uptrend, and recently showed rebound signs, which could be pointers on the end of the correction and beginning of the next growth cycle.
OMGBTC is drawing a rebound pattern from the 0.0012 level; high volumes supported the upward impulse. From the downside, 0.0012 and 0.00115 levels will serve as a support for the bullish scenario, if the price will drop below these levels - correction/downtrend scenario should be considered. From the upside, a breakthrough of the 0.0014 level and 100-days EMA will confirm the uptrend scenario.
OmiseGO is an open payment platform and decentralized exchange issued on a base of Ethereum technology. The OMG network is a scaling solution for finance on Ethereum, enabling transparent, peer-to-peer transactions in real-time. The company slogan is "Unbank the Banked" and the stated objective is to provide better financial services for everyone, including both people who use traditional banking services and people in developing countries and locales which lack traditional banking infrastructure. Its token OMG is one of the highest by the market cap Ethereum project in the world and was the first Ethereum project to exceed $1 billion valuation. The project is supported by co-founders of Ethereum: Vitalik Buterin and Gavin Wood, and is designed by the creator of Lightning Network and Plasma, Joseph Poon. On 28.02.2018 the team opened publicly SDK and eWallet repositories.
OMGBTC peak formed at 12.09.2017 close to the 0.0033 BTC, after that the coin went into recession. Downward movement stopped at 02.12.2017 on the 0.00045 BTC mark, and the uptrend emerged. Currently, OMG is trading in the lateral correction pattern to the 02.12.2017 - 28.02.2018 uptrend, and recently showed rebound signs, which could be pointers on the end of the correction and beginning of the next growth cycle.
OMGBTC is drawing a rebound pattern from the 0.0012 level; high volumes supported the upward impulse. From the downside, 0.0012 and 0.00115 levels will serve as a support for the bullish scenario, if the price will drop below these levels - correction/downtrend scenario should be considered. From the upside, a breakthrough of the 0.0014 level and 100-days EMA will confirm the uptrend scenario.
