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BrandonrG
Jun 21, 2020 1:16 PM

OMGNETWORK 6.21.20 Long

OmiseGo / DollarBitfinex

Description

OMG has been in a low volatility descent for around 18 months. It seems to have found some strong support around 1.40. Short/medium term targets I am looking for a 2x. OMG Plasma scaling solution looks like a real competitor in the space and is absolutely necessary. The question is can it compete with networks like Matic and Loopring and will their be a need for multiple scaling solutions?
I like the fact that OMG has a low circulating supply and is a true low cost solution for Ethereum transactions .
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