If you opened this page, you’re mostly thinking about investing in OMG Network. In this article, I am going to talk about OMG coin price predictions for 2021. With this, you can make any investment decisions regarding the coin in the year.
I am going to talk about OMG price projections from various cryptocurrency platforms, individual forecast (from Twitter), and the opinion of YouTubers.
As for me, I foresee a bullish run in the year for the cryptocurrency. So, I have decided to add the coin to my portfolio. I have bought some in Coinuma, an exchange that offers negative fees. That is, they pay you to trade with them.
Before we dive into the OMG network projections for the year, you need a good understanding of what OMG is. So, let’s begin.
What is OMG Coin?
OMG coin is a white label e-wallet that was built on the Ethereum blockchain. A white label product is something that lots of different brands can use. For example; See it as a plain white T-shirt that many company’s names can be printed on it. An e-wallet is a piece of software that holds the information required to access digital money.
OMG Network is developed as an Ethereum scaling solution to allow users to transfer ETH and ERC20 tokens efficiently, faster, and cheaper than when doing a direct transaction on the Ethereum network.
The OMG will enable users to move funds between blockchains and traditional payment merchants such as SWIFT and VISA. The platform was designed to be used for business in the real world, easily and quickly.
It is seen as the first implementation of Plasma — an Ethereum based solution to the problem of scalability.
The Origin of OMG Coin
The history of OMG Network is linked to its parent company, Omise. Omise is a payment gateway company located in Bangkok, Thailand, which was launched in 2013 by Jun Hasegawa.
You can think of Omise as an alternative to payment merchants such as PayPal and Stripe in south-east Asia. The company is operating primarily in Thailand, Japan, and Singapore and has so far made an impressive list of partners such as McDonald’s and Allianz.
The OMG Network has more than 50 employees working worldwide. The network was founded by a Thai-born Vansa Chatikavanij and operated as a subsidiary of SYNQA - a fintech firm located in Thailand and which was formerly called Omise Holdings.
Chatikavanij, the CEO, has held several prominent consulting roles in the financial sector, like the world bank group, International Finance Corporation, before founding OMG Network (formerly OmiseGo) in 2017.
The Initial Coin Offering for the OMG ERC 20 token took place in June 2017 and raised over $25 million after selling 65% of OMGs token (with each token sold for 50 cents). The remaining 35% and 20% was kept by the parent company Omise. The platform’s early developers got 10%, while 5% was reserved for future airdrops to Ethereum wallets.
OMG Cryptocurrency Price Prediction 2021
What will be the price of OmiseGo by the end of 2021? Is it going to rise or fall? We are going to look at the various price prediction for the token in the year. We know that no one can see the future with absolute certainty. But various cryptocurrency forecast platforms have developed unique algorithms that analyze cryptocurrencies past prices, trends, and other information, to estimate cryptocurrencies short- and long-term prices. We can check these algorithms to help us decide whether a specific token seems like a good investment or not.
Also, individuals can forecast the future price of a coin by comparing the past price chart or the historical data of the coin. All these and many more I will be sharing with you.
But remember that these are not for any investment decisions. I only give you suggestions about the future price of the token. For now, let’s look at what crypto prediction platforms say about the price of OMG coin in 2021.
OMG Price Prediction 2021 by Crypto Prediction Websites
The Walletinvestor platform predicts the future value of cryptocurrencies with technical analysis. From the tips on the website, they see OMG as a virtual currency with a good return.
So, if you are thinking about investing in the token, they believe that OMG is a profitable investment option. Based on their forecast, the coin’s price is expected to increase to $10.67 by the end of 2021.
Both their long term and short-term projection shows bullish trend, The platform projected an average price of $9.53 for the coin in the year, and there subsequent years projections also show an increase.
Digitalcoinprice’s Forecast for 2021
Digitalcoinprice is among the platforms that have revealed there OMG coins price estimation for the year. Just like walletinvestors, the platform is bullish for the coin in 2021. However, their price prediction for 2021 is a bit lower. From what is on the platform, they forecast that the OMG coin price will rise above $7.85 at the end of 2021.
One unique thing about this platform is that they don’t just drop their yearly price estimation; they also post their monthly price projections. All of those months price also shows bullish trend.
The platform uses its custom algorithm, which estimates the price of coins in the long run. All their forecasts are represented in a graph which can give you a clue on how they arrived at the estimates.
Based on the OMG network historical price chart, the experts at Coinarbitragebot have made their OMG coins prediction for the year 2021. They think that the OMG can rise to $5.86 by the end of the year.
Although they didn’t give any investment advice regarding the coin, their future price projection (3 years) shows that the coin will be a profitable long-term investment.
In their routine updates, the platform went further to drop their price analysis, which will help you have a better understanding of the coin. It is evident that the experts in this platform see a brighter future for the OMG coin.
Gov.Capital’s OMG Price Prediction
This website says that OMG Coin is suited as a new addition to your portfolio as they see a bullish trading market this year.
Their OMG coins price prediction for 2021 is $8.42. The site uses their custom algorithm based on Deep learning that helps users to decide if OMG will be a good long-term investment or not.
Their forecasts consider many factors such as; price changes, volume changes, market cycles, and similar coin before arriving at their projections.
The platform 2021 OMG coin forecast is also represented in a graph in the platform, giving you a better understanding of their price estimations. They capped their minimum price at $6.70 and the maximum price at $9.07.
Crypto-rating posts a detailed OMG network price prediction which gives a better insight into the current OMG market situation, future price expectations concerning the price action, and the OMG network market capitalization.
The website uses the crypto Volatility index (CVIX) that clearly showcases the present price dynamics and offers some tips on the token’s future possible price scenarios. They forecast that the cryptocurrency value will exceed $7 by the end of the year.
The platform OMG Network price projection algorithm took into account the reading of the CVIX and all-encompassing data of historical price behaviour, fundamental characteristics of the coin, and the prospects of the coin’s future innovations.
The experts in the platform have dropped their OMG network prediction for 2021. The popular website, which is known for forecasting the future price of cryptocurrencies, thinks that OMG price will reach $5.42 at the end of the year. The website also went ahead to say that the cryptocurrency might have a minimum price of $3.68 by the end of 2021.
Their prediction is based on the historical data and using a combination of linear and polynomial regressions. Although no one can predict the future, so the website sees its predictions as a mere suggestion and should not be used as investment advice.
Cryptocurrencypriceprediction’s OMG Price Forecast for 2021
OmiseGo is the first Ethereum project to cross $1 billion in value, as they got listed in July 2017 with a price of $0.55. The cryptocurrency value rose at the beginning of the year, which drew worldwide attention.
Among the platforms that the token caught their attention is Cryptocurrencypriceprediction which has dropped their tokens forecast for the year. According to the website, the tokens value will surge to $9.01 at the end of the year.
The platform also went ahead to drop there 10 years prediction for the token. All of which shows a bullish trend, which means that they are convinced that the coin has a brighter future.
Pickacrypto studied the historical price chart of the coin before predicting the future price of the token. The platform believes that by using common technical analysis techniques such as identifying horizontal support and resistance levels, calculating moving averages and calling on indicators to signal strength or weakness in the market, we can forecast the future price of the OMG coin from free tools online. In their projection, they see the OMG coin price reaching $5 to $10 before the end of 2021.
Considering the time this forecast was made, it shows that it is already moving in the right direction. You can check it out.
I will like to check out some few individual opinions regarding the coin on the social media platform Twitter. It is one of the popular platforms in which crypto experts drop their reviews and opinions on cryptocurrency.
OMG Network 2021 Price Prediction from Twitter Users
Andy is a crypto trader who dropped his 2021 price predictions on many coins, with OMG coin inclusive. From the tweet posted on 1st January 2021, the user thinks that OMG token price will reach $15 by the end of the year. “2021 Price Prediction $TOMO $20 / $VIDT $15 / $AVAX $10 / $ALGO $3 / $OMG $15 #RT What is your?”
Many of the responders agreed with his forecast, in the reactions that emanated from the tweet. Most users went ahead to drop their own price projections in the comment section.
The senior software developer and crypto enthusiast dropped his 2021 prediction last year. In his tweet in November 2020, the user predicted that OMG price would reach $16 this year. “Some price predictions for December / January: $BTC: $34,500 / $YFI: $100,000 / $XRP: $2.40 / $LTC: $320 / $DASH: $400 / $OMG: $16.00…””
While some made mockery of the tweet, others saw it helpful. One user who commented on the post said, “Can $OMG go to $30?”.
The user says that he is a crypto market analyst who holds and trades cryptocurrencies. In his OMG coin price forecasts 2021, he believes that the coin might reach $80 by the end of the year. “Price predictions time EOY : My baby $ZIL : 2$ /$ADA : 3$ / $BTC : 76k$ / $ETH : 4500$ / $ICX : 16$ / $TEL : 1.5$ / $LTC : 850$ / $XLM : 2.50$ / $DOT : 130$ / $OMG : 80$ / Let’s see if this tweet ages well ! This is just my vision, I can be wrong”
Most of the people who commented on the tweet applauded him for the visions.
Crypto TN Blockchain
Information from this user’s profile shows that he is a crypto trader. In the early days of the year, he dropped his yearly price prediction for different coins.
In his tweet, he thinks that OMG price will reach $80 by the end of the year. “Price predictions TIME 2021 EOY : $TOMO : 1$ / $ADA : 3$ / $BTC : 65k$ / $ETH : 5K$ / $XLM : 2.50$ / $DGCL : 4$ / $DOT : 130$ / $OMG : 80$…This is just my vision, #DYOR”
The tweet drew loads of comment from both crypto traders and investors — with many agreeing with is projections.
One thing that drew my attention to this forecast from this crypto enthusiast was his previous projections. From his previous tweet, he projected BTC and ETH to reach $25,000 and $900 in 2021, and we just witnessed that in the early days of the year.
His OMG forecast for the year is bullish. He estimates the coins price to reach $30 by the end of 2021. “Many of my price predictions have been met and even beyond! Here are my new (more hopeful) predictions for some: $BTC- 50,000 / $ETH- 2,000 / $LTC- 350 / $EGLD- 10,000 / $NANO- 500 / $COMP- 5,000 / $AAVE- 5,000 / $OMG- 30 / I will post this again later to see how it ages. So far so good!”
According to him, part of the reasons while his predictions are accurate is that he does research, look at trends, charts, volume, patterns, etc., before forecasting the future value of a coin.
There are still other predictions from Twitter users, but we will stop here for now while we look into YouTubers’ opinion.
OMG Price Forecasts by Popular Youtubers
The popular YouTube channel has dropped its OMG price prediction for the year. After carefully studying the coin’s historical price chart, the YouTuber thinks that OMG will hit $68.79 in 2021.
The majority of the comments agreed with his prediction. Some even went further to say that they are going to purchase the coin.
Top Things to Know
The Youtuber studied the coin’s historical price chart coupled with the bullish run which happened earlier in the year and made their predictions for the cryptocurrency.
From there coins price projection, the coin is capable of surpassing $100 in the year. The YouTuber also went ahead to say that his forecast is not financial advice and that it is a personal opinion.
The Wolf of Trading
This channel studies the historical price of coins before dropping their cryptocurrency price projections. Analyzing the OMG coin using the resistance and trade charts, the YouTuber thinks that the coin’s price might reach $23 by the end of 2021.
Final Thought on OMG Price Predictions for 2021
From the responses so far, we can deduce that over 90% agreed that the tokens value would increase in the year.
The YouTube channel Top things to know forecasted that the price of OMG will reach $100 by the end of the year, which is the highest maximum value so far.
Whereas the Tradingbeasts thinks that the price of OMG will reach $5.42 in 2021, which is the minimum price we got.
Looking into all the forecasts generally, you will agree that the individual predictions are relatively higher than the various platforms forecasts.
What could be the reason for that? I will leave that for you to figure out. Remember to drop your own opinion regarding the coin below.