In this guide, we will voice our own and market’s opinion on OMG future while discussing OmiseGo price forecast for 2023 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like OmiseGo.
Now, let’s head into it. Before we delve deep into the OmiseGo price prediction and answer questions if OMG is a good investment or not, why will OMG succeed or fail or why will OmiseGo price rise or drop, let’s quickly throw a glance at what is OMG and its to date history.
OmiseGo is an Ethereum-based platform that strives to decentralize payment networks and create an open, public financial system. Its goal is to provide the solution to the fundamental coordination problem among payment processors, financial institutions, and gateways.
True to its motto ‘Unbank the Banked’, it aims to provide good financial services to all.
The project plans to offer a proof-of-stake based blockchain and a white-label software development kit (SDK) that can be used to create custom financial products for users.
OmiseGO aims to provide the underlying network which includes features like e-wallet services, a decentralized exchange, liquidity mechanisms, and clearinghouse services. Using these technologies the team hopes to allow developers to offer traditional banking services including payments, remittances, payroll deposits, business-to-business services, supply-chain finance, loyalty programs, asset management, and asset trading.
The company behind OMG is founded in 2013, Omise is a venture-backed payment services company operating in Thailand, Japan, Singapore, and Indonesia.
OmiseGo Price Prediction
The whole crypto world is on a verge of a complete breakdown. Bitcoin has fallen 75% from its all-time high amid broader market declines caused by raging inflation and US Fed rate hikes. When add the most recent melt-downs of huge industry players (FTX, Celsius, Luna etc) into the equation, the horizont is murky and there will be more blood on the streets of the crypto town. Investors are selling risky assets and moving into more stable markets. Crypto is still perceived as a very risky play and hence the sell off. Our algo still sees a some green in 2023, especially in the second part of the year. This is reflected in our 2023 predictions. Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend. Once Bitcoin settles in the new price range, altcoins will start to do the same - we have witnessed this scenario dozens of times in the distant and more recent history. Our price prediction model is bearish for the next 90 days with a hint of a bull market at the turn of the quarters from Q1 to Q2. We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
OMG Price Prediction For The Next 90 Days
Below is a tabular overview of how will OMG develop in the short-term (for the next 90 days), according to our prediction model:
OmiseGo Price Prediction 2023
High inflation and extremely unsafe macro situation reflected heavily on Bitcoin price in 2022. When we take the internal crypto troubles with big players like FTX, Celsius, Voyager, Luna going down, 2023 is not looking too good for the bulls. We will probably see a lot of boring sideways price action with a tendency to slip lower with each minor market tremor.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown of the last months of 2022 and 2023:
OMG Price Prediction 2025
Our prediction model sees OMG reaching $ 3.14 in 2025.
What will OMG be worth in 5 years?
The price of OMG in 5 years could lie around $ 2.83, according to CaptainAltcoin’s prediction model.
OmiseGo Price Prediction 2030 – 2040
What OMG Network will be worth in 2030?
Our forecasting model sees OMG Network reaching $7.86 in 2030.
What OMG Network will be worth in 2040?
Our forecasting model sees OMG Network reaching $15.72 in 2040.
Will OMG Network replace / surpass / overtake Bitcoin?
No, OMG Network will not replace or overtake BTC.
Can OMG Network reach $100?
No, our prediction model sees no possibility for OMG Network to reach $100 in the short or mid-term period.
Can OMG Network reach $1000?
No, our prediction model sees no possibility for OMG Network to reach $1000 in the short or mid-term period.
Is OMG Network worth buying?
We are advocates of moderately risky investing – invest most of your crypto portfolio in BTC (50%); 35% in a basket of big cap coins and the rest in small projects with huge upside. So, in this context, OMG Network is worth buying.
Is OMG Network a good investment?
OMG Network is, just like all other cryptocurrencies, a risky investment. It does have higher probability of going up than down because of the good use case, well-designed tokenomics, active community and a solid team behind it.
How much will OMG Network be worth?
For the short-term future, it could reach $0.9248. In the long-term (8-10 years), it could jump to $7.86 or even higher.
Why will OMG Network succeed and go up in price?
OMG Network has a good use case, well-designed tokenomics, active community and a solid team behind it. All of these are a prerequisite for success and that is why our prediction model sees OMG Network rising up to $7.86 in 2030.
Why will OMG Network fail and drop in price?
Crypto projects fail for various reasons. Some of the most common ones are: team goes rogue and abandons the project, regulators declare it illegal and press exchanges to delist it, lack of media attention, more successful competitors, lack of well designed marketing strategy, losing community support, potential vulnerability in the protocol, failing to achieve anticipated minimum developement activity on the protocol, failing to attract new developers to build on their platform.
How high will OMG Network go?
Our forecasting model sees OMG Network price exploding and reaching $15.72 in a distant future.
What is the short-term prediction for OMG Network?
OMG Network will reach $0.9248 in the next 90 days, which is a 38.8% change over the current price which hovers around $1.51.
Can OMG Network make you a millionaire?
Yes, if you buy large enough sum of it. Do not expect to invest $100 and become a OMG Network millionaire. But 100x price explosions are a common sight in crypto, so a $10k investment in OMG Network could make you a millionaire.
OMG Network Price Prediction Today - What will be the price of OMG Network tomorrow?
OMG Network will hover around $1.65 tomorrow.
Can OMG Network reach $10?
Yes, OMG Network could reach $10 by the end of 2024.
OmiseGo Coin (OMG) Future Outlook
However, not all projects have the same chance of failing (risk), nor do they have the same potential upside (reward).
As a result of ICO teams’ incompetence and lack of integrity, fueled by basic human instinct that is greed and crypto investors’ naivety, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. Will OMISEGO be among those 5%?
If you asked us this beginning last year, we would unequivocally say yes. But 2018 was a huge disappointment that hugely modifies that answer to its complete opposite – NO.
In theory, because of its parent company, Omise and its payment product, OmiseGO has a lot of high-profile strategic partnerships. Ethereum co-founders Vitalik Buterin and Gavin Wood are among its advisors, and it’s endorsed by the Thai Ministry of Finance and Bank of Thailand. Omise plans to use the OmiseGO platform to supplement its existing payment network, which is currently accepted by companies like McDonalds and Alipay.
However, the lack of proper communication and constant missed deadlines soured OMG holders and fostered a toxic community around the project. Check out this post for more information on that. When it comes to real, tangible results – OMG came out to one big nothing.
Recent events, or lack of them, have shown OMG has greatly overestimated themselves and underestimated what they are trying to build. There are no guarantees they will actually succeed in what they aim to build. The scope of this project already seemed big, it might just be too big. If they struggle to get an initial, basic iteration out like this, wait until things really get complex. Initial iterations will be so basic they are not even close to what the creators and investors have in mind. Staking is way out of sight and the team now refuses to put dates on things. That outlook is depressing.
The project is essentially running on fumes of old glory right now, with a group of miserable holders grouching at the sight of their deflated OMG bags.
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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com