OmiseGo (OMG) Price Rises by 16.15 percent in 24 hours
OmiseGo, the cryptocurrency which enables financial inclusion and interchangeability through its decentralized network, has risen by 16.15 percent in the last 24 hours according to CoinMarketCap.
While you could see many other cryptocurrencies in red, OmiseGo was an unmistakable green. Bitcoin had dropped from 9000 USD to 8785 USD and Ripple had dropped from 1 USD to 0.798 USD. Ethereum, however, managed to hover above 600 USD at 626 USD.
The Reason Behind the Rise
Reason #1: Bithumb Accepts Omisego (OMG)
OmiseGo recently made it into South Korea’s biggest exchange, Bithumb according to the announcement by the exchange officially on their twitter account. Quoting their tweet:
“We’re listing Omisego(OMG) and Kyber Network(KNC) on Bithumb today!
*Estimated listing time : around 6:00 pm (KST)
OmiseGo was trading at 14.93 USD on Wednesday, 25th April. It has reached almost 22 USD which is quite high compared to how it had been performing—a comfortable 47 percent gain in less than a day. History has it that whenever some token or coin makes it into a South Korean exchange, it shoots up for quite a while. Hence it can reach a lot higher than 20 USD in the future.
Reason #2: Zebpay Accepts Omisego (OMG)
One of the biggest cryptocurrency exchanges, Zebpay, has now added OmiseGo for trading. Zebpay has been one of the most famous as a platform for trading in Bitcoin for a long while. It had recently started accepting other cryptocurrencies such as Ethereum, Ripple, Bitcoin Cash, Litecoin, and EOS.
Despite RBI’s announcement preventing Indian financial institutions from working with cryptocurrencies, the Indian cryptocurrency exchanges are welcoming an increasing number of cryptocurrencies to be traded on their platform.
Zebpay has recently added TRON (TRX) to the list of cryptocurrencies you can trade on the crypto exchange platform.