OmiseGO Surges After South Korean Partnership
Multiple charts from different exchanges report that the value of multiple cryptocurrencies has stopped declining. Bitcoin has climb up from $6,000 to around 8,000 at the time this article is written.
Many altcoins are also experiencing this surge and OmiseGO is one such cryptocurrency to have solid gains.
A month ago, March 19, 2018, OMG’s price is around $10.40 per coin or around 0.00125901 BTC. It even slumped back down to around $7 a piece at the start of April before spiking to $16 on April 13. Currently, OMG’s price is dancing around $14 – $15 per coin.
OMG’s trade volume also went up from $41 million last month to $121 million as of this writing. Other altcoins who are trying to get back in shape are Ripple, Cardano, Iota, VeChain, and Bytom.
- Read more: OmiseGO Philippines | How to Buy OMG in PH
The positive developments of OMG may have come from a signing of Memorandum of Understanding (MoU) with a major South Korean credit card business and OmiseGO collaborating with MakerDAO in making an OMG decentralized trading platform.
The other one is a project with the Asia Pacific Economic Committee (APEC) to developed a blockchain-based payment system. Mr. Vitalik Buterin of Ethereum was also appointed to the OmiseGO board in an advisory role.
As always, the market is always volatile, but the current valuation surge of altcoins such as OmiseGO and the others could signal that the downtrend is finally over.
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