OmiseGO Financial Fundamentals Growth
OmiseGO Financial Fundamentals Growth
While 10x returns might be incredibly rare in traditional assets, they're very common in the emerging world of cryptocurrencies.
OmiseGO is poised to capture numerous markets throughout Southeast Asia, and is being led by an all star team.
Currently operating in Thailand, Japan, Singapore, and Indonesia, the company has announced massive growth plans for 2018.
Last year when we saw a 10x return in Bitcoin, many investors were completely shocked. The average stock doesn't go up by more than 8% a year, so seeing such massive returns was quite unusual. Since then however, many have grown accustomed to the wild price swings in the crypto markets.
We saw numerous cryptocurrencies skyrocket by a lot more than 10x in 2017, but we aren't concerned with the past - we're concerned with the future. With this in mind, I believe OmiseGO (OMG-USD), currently the 19th largest cryptocurrency by market cap, will see absolutely stellar returns in 2018.
For starters, the fundamentals show us that there's still an incredible amount of room to grow. Comparing its current price, market cap, 24-hour volume, and total supply with that of larger cryptocurrencies such as Ethereum or Litecoin, it becomes very apparent that this is the case.
Current Price: $17.25 (or .00186803 BTC)
Market Cap: $1,760,529,941
24h Volume: $73,242,700
Total Supply: 140,245,398 OMG Coins
While OmiseGO is currently only the 19th largest cryptocurrency in terms of market cap, it's highly likely that it will excel other cryptocurrencies currently outranking it, such as Qtum, VeChain, NEM, and Monero.
OmiseGO Recent Surge
While the financial fundamentals are highly important in determining a cryptocurrency's future success, looking at some other data is very important as well. For starters, when we look at OmiseGO's recent price surge, we will see that consumer sentiment is at an all time high.
In just April alone, OmiseGO shot up by 52% despite the still largely bear-controlled cryptocurrency market.
OmiseGO just hit the critical psychological number of $20 in the last week, which signals investor sentiment is at an all time high.
OmiseGO Financial Fundamentals Growth
Reviewed by mir khaleq ali
on
May 17, 2018
Rating:
Reviewed by mir khaleq ali
on
May 17, 2018
Rating:
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