In this guide, we will voice our own and market’s opinion on OMG future while discussing OmiseGo price forecast for 2024 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.
What you'll learn 👉
OmiseGo Intro
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
As the first quarter of 2024 concluded, we can say that this year has started on a high note for the cryptocurrency industry, marked by significant milestones and growing enthusiasm. Following the landmark approvals of Bitcoin ETFs, there has been a noticeable surge in interest from both retail and institutional investors, signaling a robust period of growth and acceptance for digital assets. These developments have not only bolstered investor confidence but have also hinted at a maturing market that is increasingly aligning with traditional financial systems. With the regulatory landscape beginning to stabilize and provide clearer guidelines, the cryptocurrency market is poised for a transformative year, potentially setting new benchmarks for adoption, innovation, and investment. Bitcoin ETF approvals were done in early January, setting a positive tone for the market. Analysts had predicted the SEC would decide on Bitcoin ETF applications potentially catalyzing industry growth. The approvals have been seen as a significant step towards mainstream acceptance and have sparked optimism among investors and traders alike. Now, attention is turning towards both pre and post-halving rallies, with the BTC halving now only days away, expected to further boost Bitcoin, Ethereum, and the broader crypto market. Bitcoin has almost tripled in price since last summer, with the recent Wall Street earthquake and the upcoming halving expected to further boost Bitcoin, Ethereum, and the broader crypto market. Bitcoin is trading above $70k now, after it hit a new ATH of $73k in March. Ethereum has also grown following ETF approvals, with many anticipating ETH ETF approvals could be next. Ethereum is trading around $3,600 but still hasn\\\'t broken its ATH from the 2021 bull run. Investors are hopeful this will happen soon. The majority of investors, traders, and crypto influencers are hopeful that the real crypto bull run will finally commence, bolstered by the recent ETF approvals and anticipation of the upcoming Bitcoin halving event. Bitcoin ETFs, a growing meme coin, AI crypto coins, and RWA mania have helped the bull run to gain momentum. The total market cap (TMC) is now $2.65 trillion.
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:
Essential tools you need to succeed in crypto
Wallets
Hardware wallets are the safest! Pick one of the three:
✔️Ledger Nano X
✔️Trezor
✔️CoolWallet Pro.
Tax Calculators
Don’t get in trouble with the government let these magic tools do all the heavy-lifting when it comes to your crypto taxes:
✔️Koinly
✔️Cointracking
✔️ZenLedger.
Trading Tools
A good charting tool is a must if you want to try yourself out as a day-trader. ✔️Tradingview is best known but
✔️Bitsgap
✔️Coinrule
✔️Cryptohopper
are also excellent plus they allow automated trading.
OmiseGo Price Prediction 2024
The cryptocurrency market has shown promising signs for gains in the early months of 2024, with Bitcoin leading the charge. The digital currency has seen an impressive gain, now trading well above $70,000, a significant increase that underscores the renewed institutional interest and positive momentum within the sector. The market has demonstrated growth, with its total market capitalization soaring to $2.65 trillion (it around $1 trillion in June last year).
This resurgence is buoyed by several factors, including the approval of Bitcoin spot ETFs in early 2024, which has played a pivotal role in attracting institutional investors and boosting market confidence. Moreover, the anticipation surrounding the Bitcoin Halving event, now just days away, has further fueled investor enthusiasm, with many expecting it to have a positive impact on Bitcoin’s price. The growing interest in various cryptocurrency sectors, such as meme coins, real-world asset (RWA) coins, and AI crypto coins, has also contributed to the bull run, showcasing the market’s evolving nature and its ability to adapt to new trends and technologies.
Looking ahead, the market is poised for what many experts believe could be a prosperous period. The potential approval of Ethereum ETFs later in the year is another eagerly awaited development, which could further validate the cryptocurrency market and attract a new wave of institutional investment.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown for the next 12 months:
OMG Price Prediction 2025
Our prediction model sees OMG reaching $1.28 in 2025.
What will OMG be worth in 5 years?
The price of OMG in 5 years could lie around $1.25, 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 $3.21 in 2030.
What OMG Network will be worth in 2040?
Our forecasting model sees OMG Network reaching $6.41 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 $0.4004. In the long-term (8-10 years), it could jump to $3.21 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 $3.21 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 $6.41 in a distant future.
What is the short-term prediction for OMG Network?
OMG Network will reach $0.4004 in the next 90 days, which is a 38.2% change over the current price which hovers around $0.6479.
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 $0.6998 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.
Read also:
- Golem Price Prediction | GLM Price Forecast
- Bitcoin Cash Price Prediction | BCH Price Forecast
- Litecoin Price Prediction | LTC Price Forecast
- Tron Price Prediction | TRX Price Forecast
- Verge Price Prediction | XVG Price Forecast
- Eos Price Prediction | EOS Price Forecast
- Iota Price Prediction | MIOTA Price Forecast
- ChainLink Price Prediction | LINK Price Forecast
- Dash Price Prediction | DASH Price Forecast
- Bytecoin Price Prediction | BCN Price Forecast
Why don’t you contact McDonalds PR press@us.mcd.com and ask if they signed any agreement with OMG. You will have the answer! Their recent acquisition PR is also self instigated. OMG can go to any level for publicity and pump!
Impressive to read a so highly bullshited article …. go home crypto kiddy
Some of us are here from 2013. I guess you are at most mid 2017 class. So, know your place before commenting.