Impact on OmiseGO listed on Bitpanda

In this post we are going to discuss the potential impact the Bitpanda listing could have on the price of OmiseGO, as it is known that exchange listings could impact the price of the cryptocurrency positively. That is, however, more true for those cryptos that are not well known and are smaller in market cap, usually post ICO."Impact on OmiseGO listed on Bitpanda"

OmiseGO is a wide known crypto currently ranking at 21. by market capitalization according to the coinmarketcap rankings, and has been in the first third of the top 100 coins since last September when the price increased to 12,88$ from 0,4$ where it was trading in the second half of July 2017 resulting in an increase of 3159%.

On July 3. Europe’s leading retail exchange for buying and selling cryptocurrencies Bitpanda has announced the support of Ethereum based ERC20 tokens in their medium blog post. As stated in the announcement first tokens that should be expected will include 0x (ZRX), Augur (REP) and OmiseGo (OMG).

OmiseGo the first token of the initial batch was listed, and others are to be expected soon, as Augur listing is scheduled for 7th of August.

Omisego omg price Analysis

From the opening on Saturday 28.07.2018 at 7,03$, the price of OMG experienced a decrease of 17% until today’s opening price at 5,84$.

The news may be already taking effect on the price because as you can see from the two-hour chart the price is starting to recover, and is currently trading at 6,03$ which is a 3,31% increase from today’s opening price.

Zooming out on a daily chart we can see that the price of OmiseGO is on the exact levels of the key support zone 3.