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OMG Network's Price Skyrockets As Address Activity Is On The Rise
Summary: OMG is up 33.8% in the past 24 hours on its highest address activity day in three weeks, according to data from crypto research firm Santiment. One week ago the average 30-day trader had -41% returns with their OMG holdings. Since then returns have skyrocketed to +12%. At the time of writing, OMG is trading ...
OMG is up 33.8% in the past 24 hours on its highest address activity day in three weeks, according to data from crypto research firm Santiment.
One week ago the average 30-day trader had -41% returns with their OMG holdings. Since then returns have skyrocketed to +12%. At the time of writing, OMG is trading hands at $4.00.
OMG network brands itself as a layer 2 scaling solution for the Ethereum network. In August, the network announced that users would be able to withdraw and deposit USDt to Bitfinex via OMG Network. The move was designed to reduce congestion on the Ethereum network while offering lower gas fees and faster transactions.
By Emily Mason
Tags: Ethereum Congestion,Ethereum Fees,Ethereum Layer 2,Ethereum network,OMG Network,Santiment
Link: OMG Network's Price Skyrockets As Address Activity Is On The Rise [Copy]
