{"id":34463,"date":"2018-03-03T11:40:03","date_gmt":"2018-03-03T19:40:03","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=34463"},"modified":"2018-09-09T19:11:54","modified_gmt":"2018-09-10T02:11:54","slug":"omisego-top-25-cryptocurrency","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/omisego-top-25-cryptocurrency\/","title":{"rendered":"Why OmiseGo is a Top 25 Cryptocurrency"},"content":{"rendered":"

OmiseGo<\/a>\u00a0is currently experiencing slow and steady growth, recently breaking through the $2 billion market cap and pushing $20 per individual OMG. With the recent release of the open source OmeseGo eWallet and a relaunch of the OmiseGo website, OmiseGo appears positioned to make great development strides in 2018.<\/p>\n

The Southeast Asian payment-focused platform saw extreme gains over the Q4 2018 bull market, pushing the value of the token to over $26. A slow start to 2018 saw OMG drop to a low of $8.12, but a recent surge of investor faith in the token combined with forward-leaning buyers capitalizing on the dip has seen OMG rise back up to almost $20 and then fall back to $17.<\/p>\n

Why is OmiseGo<\/a> experiencing this steady resurgence? We\u2019ll proceed to analyze OMG\u2019s recent movements and the fundamental indicators that present a strong argument OmiseGo could remain a top-25 holding in 2018 and beyond.<\/p>\n

Wait \u2014 What is OmiseGo?<\/h2>\n

OmiseGo<\/a>, which currently operates on the Ethereum blockchain, is a cryptocurrency that is primarily focused on driving consumer adoption by delivering scalability, high transaction speeds, and ultimately bridging the gap between fiat currency and cryptocurrency.<\/p>\n

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The OmiseGO partnership with McDonald's generated a lot of news within the community.<\/figcaption><\/figure>\n

Omise, the parent organization behind OmiseGo, is heavily committed to implementing merchant solutions and has already made significant inroads in the Southeast Asian market to this effect \u2014 In 2017, Omise announced<\/a> a partnership with McDonald's Thailand that places the platform as the exclusive payment gateway provider for both the Thai McDonald\u2019s website and McDelivery Thailand app.<\/p>\n

The OmiseGo platform intends to facilitate seamless cryptocurrency payments with any merchant that adopts the Omise solution, allowing consumers to instantly convert crypto into fiat upon purchase.<\/p>\n

Vitalik Buterin<\/a>, the Russian mastermind behind the Ethereum platform, has vocalized his support for the OmiseGo platform on Twitter, referencing the structure of OMG\u2019s proof of stake model:<\/p>\n

\n

Right now my favorite token model is OMG-style staking tokens. Reasons:<\/p>\n

* Not a medium-of-exchange token
* Clear valuation model (expected discounted future tx fees minus node operation cost)
* Requires running node to get returns, not passive income (so more legally defensible)<\/p>\n

— Vitalik "Not giving away ETH" Buterin (@VitalikButerin) December 12, 2017<\/a><\/p><\/blockquote>\n