The OMG Network, originally known as OmiseGo, is a pioneering scalability solution for the Ethereum blockchain, designed to enable faster and more cost-effective transactions. Launched with much anticipation, the project successfully raised over $25 million during its Initial Coin Offering (ICO) in 2017, signaling strong investor confidence and market interest. However, like many of its contemporaries, OMG has experienced its fair share of market volatility, influenced by broader crypto market trends, regulatory developments, and technological advancements.
As we look towards the future, the price trajectory of OMG Network’s native token remains a subject of diverse speculation among experts. Some analysts predict a bullish outlook, driven by ongoing network upgrades and increasing adoption, while others caution about potential challenges that could temper growth. Given these varied perspectives, understanding the potential price movements of OMG in the coming years requires a nuanced approach. Read on for an in-depth analysis of OMG Network price predictions for 2024 and beyond, including expert insights and detailed forecasts.
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Highlights and Key Points: OMG Price Forecast 2024-2030
- As of the present, the OMG Network (OMG) token is trading at approximately $.
- For the year 2024, experts have put forth a range of price predictions, with the potential to reach up to $0.75 in the event of sustained bullish trends. These forecasts are primarily driven by the influence of technical indicators and the increasing adoption of OMG in both payment and decentralized finance sectors.
- 2025 outlook remains positive, with predictions spanning from $0.48 to $1.27. PricePrediction’s analysis provides a more specific estimate, indicating a range of $0.72 – $1.27 for the year.
- For the longer-term perspective spanning from 2026 to 2030, the consensus suggests a steady rise in value. Estimates indicate a potential price of $6,70 by 2030, according to PricePrediction. However, it’s important to note that the pace of growth will be subject to various factors, including technological advancements, competitive dynamics, and broader market conditions.
OmiseGo Price for Today, Coming Days and Weeks
When forecasting the OMG Network’s price in the near term, several factors should be considered. Monitor technological developments and updates within the OMG Network, as advancements can drive investor interest and adoption. Pay attention to overall market sentiment towards cryptocurrencies, which heavily influences price movements. Stay updated on regulatory news, as changes in cryptocurrency regulations can impact market conditions. Analyze trading volumes and liquidity, as these metrics provide insights into market strength and potential price volatility. Additionally, keep an eye on partnerships and integrations with other blockchain projects, which can enhance OMG Network’s utility and attractiveness to investors.
OMG Expert Price Predictions for 2024
For 2024, experts predict OMG could reach levels of $0.99 if bullish momentum continues. However, if bearish trends prevail, it could remain around $0.3 – $0.4.
DigitalCoinPrice
Price range in 2024: $0.28 – $0.75 (as of June 26, 2024).
DigitalCoinPrice projects OMG could hit $0,75 by the end of 2024 and continue climbing if bullish momentum persists. However, bear trends could see it stagnate around $0,3.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| Jul 2024 | $0.31 | $0.52 | $0.74 |
| Aug 2024 | $0.29 | $0.59 | $0.75 |
| Sep 2024 | $0.31 | $0.67 | $0.74 |
| Oct 2024 | $0.29 | $0.46 | $0.73 |
| Nov 2024 | $0.28 | $0.68 | $0.72 |
| Dec 2024 | $0.31 | $0.59 | $0.73 |
CoinCodex
Price range in 2024: $0.38 – $0.40 (as of June 26, 2024).
CoinCodex forecasts OMG Network to fluctuate between $0.384721 and $0.404305. OMG could decrease by -4.84% and reach $0.384721.
| Year | Low | High |
|---|---|---|
| 2024 | $0.38 | $0.40 |
PricePrediction
Price range in 2024: $0.63 – $0.84 (as of June 26, 2024).
Experts of PricePrediction see optimistic outcome of OMG’s 2024 performance — it is predicted that prices will be growing steadily, potentially reaching an average of $0.76 by December.
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| July 2024 | $0.6341 | $0.6575 | $0.6875 |
| August 2024 | $0.6538 | $0.6772 | $0.7138 |
| September 2024 | $0.6751 | $0.7043 | $0.7477 |
| October 2024 | $0.6962 | $0.7254 | $0.7758 |
| November 2024 | $0.7180 | $0.7472 | $0.8121 |
| December 2024 | $0.7388 | $0.7622 | $0.8420 |
OMGUSD Technical Analysis
First, let’s assess the OMGUSD pair’s performance on the weekly time frame to identify a global trend.
The weekly chart clearly displays two uptrends and two downtrends. For a more precise analysis of the OMGUSD pair, the 4-hour and daily time frames are better suited.
Various indicators and tools can be used to conduct technical analysis of the OMGUSD cryptocurrency pair:
- The Elliott Wave theory allows you to determine chart patterns and predict future market movement.
- Trend lines are used to identify sustainable price movements.
- Fibonacci levels allow you to find potential pivot points.
- The Commodity Channel Index (CCI), an oscillator indicator, helps to identify overbought/oversold market conditions.
- Candlestick patterns provide insight into market behavior and psychology, as well as potential price targets.
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OMGUSD Analysis For Next Three Months
Let’s examine the daily chart to make a forecast for the next three months.
Most likely, a global corrective trend is forming, which consists of five major sub-waves [W]-[X]-[Y]-[X]-[Z]. The chart shows that the first linking wave [X] has been completed, and the price soared significantly within the motive wave [Y].
The OMGUSD pair has declined since late 2021 within wave [X] shaped as the standard zigzag (A)-(B)-(C). Wave (A) is a major 1-2-3-4-5 impulse. The last impulse wave (C) is almost over. Notably, it is shorter in duration than wave (A).
Currently, the price has hit the previous all-time low of 0.286 reached at the end of 2020 where the linking wave [X] ended.
The price may decline again to 0.286 and reverse. In the near term, the initial part of a new bullish impulse [1]-[2]-[3]-[4]-[5] is expected to develop. Within three months, the asset may build sub-waves [1]-[2]-[3].
By the end of July, sub-wave [1] may be completed. Until August 6, the correction [2] may unfold. Once wave [2] is over, an impulse wave [3] may be formed during the month.
Long-Term OMGUSD Technical Analysis for 2024
Let’s analyze the 4-hour chart. In the long term, a new powerful bullish trend will likely form a zigzag (A)-(B)-(C). By the end of 2024, the trend’s first half, an impulse wave (A), and half of correction (B) may take shape.
The first impulse sub-wave [1] within the impulse (A) is likely to complete and reach the high of 1.41, marked within the correction (B) in March 2024. After reaching the high, a correction in sub-wave [2] may drag the price to 0.84. At this mark, wave [2] will retrace 38.2% of wave [1], according to Fibonacci retracement.
By the end of August, the most powerful part of impulse wave (A), wave [3], may conclude at 3.07. After that, a downward or horizontal correction [4] is projected to complete near 2.54.
The price will continue rising within the impulse wave [5]. This wave can take the form of a final diagonal, ending to unfold in early November at 3.86.
The OMGUSD price will most likely decline within the first half of the correction (B) between November and the end of the year.
| Month | OMGUSD Projected Price Values | |
|---|---|---|
| Minimum | Maximum | |
| July | $0.91 | $1.18 |
| August | $1.18 | $3.10 |
| September | $2.68 | $3.10 |
| October | $2.68 | $3.60 |
| November | $3.32 | $3.60 |
| December | $3.14 | $3.32 |
Long-Term Trading Plan for OMGUSD
The technical analysis allows us to make a trading plan for OMGUSD for the next three months.
- Since a trend reversal is expected, long trades can be opened at the current levels with a target at the high of 1.41. The impulse wave [1] is predicted to end at this level.
- Between late July and early August, you can consider short trades with the target at 0.84, as the asset will likely move within a downward correction [2].
- Long trades with a target of 3.07 can be considered in early August, as the impulse wave [3] is expected to unfold until September.
As for the long-term trading plan, long trades can be opened with the target at the final point of the impulse wave (A) at 3.86. A take-profit order can be placed at this level.
OMG Price Prediction for 2025 by Crypto Experts
As cryptocurrency adoption continues to surge, the spotlight is on OMG, and the future price prospects for the OMG Network appear promising for through 2025, as per recent forecasts. Analysts anticipate that by 2025, OMG could potentially achieve a price range of $1,16 to $1.27. This optimism is fueled by various factors, including protocol enhancements, the expansion of decentralized finance (DeFi) capabilities, and the establishment of new partnerships within the OMG Network.
However, the pace and magnitude of this growth hinge on the successful implementation of technical improvements and the attraction of a broader user base.
DigitalCoinPrice
Price range in 2025: $0.72 – $0.88 (as of June 26, 2024).
According to DigitalCoinPrice, in 2025 the price of OMG will continue to adjust in the range of $0.72 – $0.88. Key factors will be development activity on OMG Network’s, partnerships, and overall crypto market conditions. Increased real-world OMG adoption and additional DeFi integrations could push prices higher within the projected ranges.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| Jan 2025 | $0.73 | $0.75 | $0.79 |
| Feb 2025 | $0.73 | $0.74 | $0.85 |
| Mar 2025 | $0.73 | $0.84 | $0.86 |
| Apr 2025 | $0.72 | $0.86 | $0.88 |
| May 2025 | $0.73 | $0.74 | $0.78 |
| Jun 2025 | $0.72 | $0.82 | $0.88 |
| Jul 2025 | $0.72 | $0.75 | $0.78 |
| Aug 2025 | $0.73 | $0.76 | $0.87 |
| Sep 2025 | $0.73 | $0.81 | $0.88 |
| Oct 2025 | $0.72 | $0.82 | $0.83 |
| Nov 2025 | $0.72 | $0.80 | $0.81 |
| Dec 2025 | $0.72 | $0.77 | $0.86 |
CoinCodex
Price range in 2025: $0.35 – $0.49 (as of June 26, 2024).
According to CoinCodex, OMG will trade in the range of $ 0.35 – $ 0.49. Compared to today’s price, OMG Network could gain 39.64% by 2025 if reaches the upper price target.
| Year | Low | High |
|---|---|---|
| 2025 | $ 0.35 | $ 0.49 |
PricePrediction
Price range in 2025: $0.72 – $1.27 (as of June 26, 2024).
PricePrediction sees OMG rising steadily during 2025. The pessimistic scenario sees the token to grow to $1.07 by year’s end, the optimistic one suggests that its price will end up at $1.27.
| Year | Minimum | Average | Maximum |
|---|---|---|---|
| January 2025 | $0.7240 | $0.8003 | $0.8231 |
| February 2025 | $0.7862 | $0.8243 | $0.8551 |
| March 2025 | $0.8026 | $0.8408 | $0.8881 |
| April 2025 | $0.8271 | $0.8576 | $0.9301 |
| May 2025 | $0.8614 | $0.8919 | $0.9730 |
| June 2025 | $0.8716 | $0.9097 | $1.01 |
| July 2025 | $0.9065 | $0.9370 | $1.05 |
| August 2025 | $0.9440 | $0.9745 | $1.08 |
| September 2025 | $0.9754 | $1.01 | $1.13 |
| October 2025 | $0.9956 | $1.03 | $1.17 |
| November 2025 | $1.03 | $1.06 | $1.21 |
| December 2025 | $1.07 | $1.11 | $1.27 |
OMG Price Prediction for 2026
As we look ahead to 2026, the price outlook for OMG remains optimistic, building upon the positive momentum of preceding years, given the continuity of current development and adoption trends. Analysts are estimating that by the close of 2026, OMG could achieve an average price in the range of $1.02 to $1.64, while more optimistic projections set their sights on a potential range of $1.09 to $1.87 if conditions remain favorable.
DigitalCoinPrice
Price range in 2026: $1.01 – $1.25 (as of June 26, 2024).
On 2026, DigitalCoinPrice estimate OMG will start the year at $1.01 and trade around $1.25. According to the predictions, this would be extremely high compared to last year. This is really an acceptable jump in OMG Network.
| Month | Minimum | Average | Maximum |
|---|---|---|---|
| Jan 2026 | $1.01 | $1.12 | $1.24 |
| Feb 2026 | $1.01 | $1.03 | $1.16 |
| Mar 2026 | $1.01 | $1.08 | $1.09 |
| Apr 2026 | $1.01 | $1.14 | $1.17 |
| May 2026 | $1.00 | $1.01 | $1.25 |
| Jun 2026 | $1.00 | $1.07 | $1.09 |
| Jul 2026 | $0.99 | $1.00 | $1.20 |
| Aug 2026 | $1.00 | $1.12 | $1.19 |
| Sep 2026 | $1.00 | $1.07 | $1.12 |
| Oct 2026 | $1.00 | $1.04 | $1.15 |
| Nov 2026 | $0.99 | $1.05 | $1.12 |
| Dec 2026 | $1.01 | $1.02 | $1.14 |
CoinCodex
Price range in 2026: $0.34 – $0.57 (as of June 26, 2024).
CoinCodex estimates OMG could reach $0.57 by 2026. They expect steady, gradual gains leading to this range in 2026.
| Year | Low | High |
|---|---|---|
| 2026 | $ 0.34 | $ 0.57 |
PricePrediction
Price range in 2026: $1.05 – $1.87 (as of June 26, 2024).
For 2026, PricePrediction provides a bullish OMG network price forecast ranging from $1.05 – $1.87.
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2026 | $1.05 | $1.16 | $1.20 |
| February 2026 | $1.15 | $1.21 | $1.24 |
| March 2026 | $1.19 | $1.23 | $1.29 |
| April 2026 | $1.24 | $1.28 | $1.35 |
| May 2026 | $1.25 | $1.31 | $1.40 |
| June 2026 | $1.32 | $1.36 | $1.47 |
| July 2026 | $1.37 | $1.42 | $1.52 |
| August 2026 | $1.42 | $1.47 | $1.59 |
| September 2026 | $1.47 | $1.52 | $1.65 |
| October 2026 | $1.52 | $1.58 | $1.73 |
| November 2026 | $1.56 | $1.61 | $1.79 |
| December 2026 | $1.60 | $1.64 | $1.87 |
Long Term OMG Predictions 2027-2030
Different agencies shared their forecasts on OmiseGO’s 2027-2030 market performance. Though the details and evaluations differ starkly, the overall consensus is bullish, predicting OMG’s growth in the upcoming years.
| Agency | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| DigitalCoinPrice | 1,5 | 1,5 | 1,78 | 2,51 |
| CoinCodex | 0,33 | 0,31 | 0,81 | 1,07 |
| PricePrediction | 2,09 | 3,16 | 4,55 | 6,70 |
About OmiseGO
Originating from the established transaction handling company Omise, OmiseGo is its blockchain counterpart aimed at easing intra-bank payments akin to the SWIFT network.
With the ability to handle thousands of transactions per second, OmiseGo offers a scaling solution to the challenges many in Asia face. Cross-country payments in this region entail hefty fees, a concern for expatriates sending money home. The conventional system requires matching bank accounts and levying substantial transaction charges, worsening the financial strain on many families.
OmiseGo, through its blockchain, intends to alleviate this issue. It introduced the OMG cryptocurrency, an ERC20 token, leveraging the Ethereum blockchain for its operations while enhancing Ethereum’s scalability.
The platform is creating tools for developers to build software wallets on the OmiseGo blockchain, capable of holding various fiat and cryptocurrencies like Euro, USD, Bitcoin, and local Asian currencies, alongside the OMG coin.
With a vision of minimal fees, OmiseGo aims to enable affordable financial engagement for underserved populations, fostering a more inclusive financial ecosystem.
OMG: Price History
The price of OMG, initially built on the Ethereum network, has fluctuated significantly since its ICO in 2017, influenced by various factors, including market sentiment and price action. The coin was around a much lower valuation before it raised $25 million under the leadership of Vansa. OMG saw its all-time high of $28 in early 2018 before declining to the $0.50-$2 range for much of 2019-2020.
More recently, OMG surged to over $6 in August 2020 and hit new highs of $16.50 in October 2021 amid overall crypto market rallies. The price experienced significant volatility during this period.
Though not one of the top cryptos by market cap, OMG still consistently ranks in the top 100. Its price often spikes following major protocol upgrades, partnerships, or overall crypto bull runs.
OMG rebranded to the OMG Network in 2021, compared to Ethereum network evolution, with backing from the omg foundation, and announced Boba Network to improve gas fees and throughput. The Boba airdrop to OMG token holders further boosted the price.
OMG is trading around $0.47, significantly below its 2021 highs but still up from under $1 earlier this year. Analysts remain cautiously optimistic about OMG’s long-term outlook due to developments like the Boba Network that expand utility.
However, prices will remain volatile and tied to crypto market swings. Delivering technical improvements and gaining adoption are key for OMG to rebuild momentum. But its dedicated community and real-world use potential suggest a brighter future for OMG.
The Power of OMG
The OMG Network provides a wallet for each user, acting as a personal bank account on the blockchain, enabling access to the financial market for buying products, transferring money, and holding various currencies.
Operating under the slogan “Unbank the Banked,” OmiseGO, an open-source blockchain platform, aims to challenge traditional banks. The wallet facilitates transfers between blockchains and conventional payment systems like VISA and SWIFT.
What sets OMG Network apart is its roots in the Omise company, which brings years of experience in online payments, brand recognition, and a network of established partnerships. Notable collaborations include McDonald’s Thailand, Ayudhya, and SMBC, two central Japanese banks. Growing partnerships bode well for OMG’s future value.
Factors that Can Affect the OMG Price
The future price of OMG coin will be influenced by a myriad of factors, reflecting the dynamic nature of the cryptocurrency market.
Firstly, adoption and real-world utility are key drivers, as increased use in payments and decentralized finance (DeFi) applications can drive demand. Additionally, protocol upgrades, such as improvements in scalability and security, can bolster investor confidence.
Market sentiment and overall cryptocurrency market conditions play a pivotal role, as positive trends can attract more investors. Regulatory developments and compliance efforts can also impact OMG’s price, as they affect market access and trust.
Competitive forces within the crypto space and OMG’s ability to differentiate itself will shape its performance. Lastly, macroeconomic factors, like economic downturns or global events, can drive flight to safety or risk-taking behaviors, affecting OMG’s value.
Conclusion: is OMG a good investment?
Investing in OmiseGo (OMG) presents potential rewards, given its solid tech foundation and notable partnerships, alongside risks due to market volatility and regulatory uncertainties.
Its goal to “Unbank the Banked” may drive growth, especially in regions with limited banking access. However, competition from other blockchain entities and traditional financial setups could be challenging.
Thorough research and consulting with financial advisors are fundamental for investors to make well-informed decisions based on their profitable investment objectives and risk tolerance.
FAQs on OMG Price Forecast
The current price of OMG network is $.
Price forecasts can be speculative, but the highest price predicted is probably $0.75 for the end of 2024, according to DigitalCoinPrice.
According to various analysts, if the bull market continues, the price could reach $1.27. The most pessimistic scenario sees OMG price on the level of $0.35.
Long-term price predictions are highly speculative, depending on many unpredictable factors. Some agencies see the price levels to stay on a modest $1.07 level, some see them exceed to $6.7.
The OMG coin has great potential, and according to OMG predictions there is still room to grow.
Investment in OMG or any cryptocurrency carries risks and potential rewards. Thorough research and consulting with financial advisors are recommended to make an informed decision.
OMG prices could rise due to favorable market sentiment, technological advancements, or promising partnerships. Keeping abreast of news and developments in the OMG Network and the broader cryptocurrency market is essential.
The value of OMG can fluctuate due to market dynamics, regulatory developments, and other factors. It’s advisable to consider various price predictions before buying or investing in any cryptocurrency, as prices are volatile.
OMG’s unique proposition lies in its aim to ‘Unbank the Banked’, facilitating financial transactions across various payment networks and blockchains.
Predicting such a high price point is speculative. It would require significant demand, widespread adoption, and favorable market conditions.
Price chart of OMGUSD in real time mode
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.
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