Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Once Popular Coins (Graveyard) => Other Popular Cryptos / Coins => OmiseGO (OMG) Forum => Topic started by: MUGNIA on December 01, 2018, 04:08:11 PM
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Hidden Value in Omisego Coins. There is a lot of vaporware on the crypto market today. Many tokens on this market have no real use. As such, there is a real risk that many of them may never recover from this decline.
The problem comes in distinguishing the good from the bad. Because even the worst of them is marketed so well that it is difficult to say whether they are valuable or not. In a very complex market, where does Omisego (OMG) stand? Is this vaporware?
For starters, at this point, price is not a good parameter to determine whether a coin or token is a good investment or not. Because prices in all markets are down. Even bitcoin (BTC), the leading cryptocurrency has touched new lows this year.
The most surprising thing is that bitcoin could reach a price of as low as $ 3500 in 2018, but that happened. As such, it is not surprising that most altcoins including Omisego (OMG) fell more than 90% from their highest prices.
So if price is not a reliable measure to determine whether Omisego (OMG) is a good investment or not, what can be the best measure to achieve this goal?
One of the best ways to achieve this goal is to look at use cases, as well as differentiating factors in the market. Omisego is just a token for moving value using blockchain fast, cheap and safe.
So what makes it stand out? these attributes are not very valuable for Omisego at this time. Because there are several other coins with the same value propositions as Omisego, and have more recognition globally.
Trust in Southeast Asia
The value for Omisego comes from the trust that has been built on the market. The Omisego company has users throughout Asia who use it to transfer payments every day. Trust that this company has been established in the market to play a leading role in the adoption of Omisego (OMG) in the future. Because part of the problem found in cryptocurrency today is a lack of trust by the general population.
The masses do not understand, let alone receive crypto currency. This gap in knowledge will play a major role in the adoption of cryptos such as Omisego (OMG). Because it's easier for them to adopt crypto related to the company they use every day than other random crypto. This makes Omisego a viable crypto that can get a significant level of use in the future.
On the basis of its relationship with the Omisego Company, it is impossible for Omisego (OMG) to become a vaporware. There may have been a beating in 2018, but this is nothing unique to Omisego. The entire market has declined over the past 11 months.
In the bull market, Omisego can rise again, bigger than before. Because people have appreciated the need for speed in payments, especially in cross-border payments. Omisego can dominate the payment market in East Asia in the future.
source of articles from and translated:https://kabarcoin.com/nilai-yang-tersembunyi-dikoin-omisego/
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So this will work with any currency and from any part of the world to any part of the world: only the way developers will design their own app, will possibly limitate the use of the wallet, but as for itself, it is by design currency agnostic or token agnostic or whatever agnostic, and global. They are also working so that it can fit with any law regulation.
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OMG will launch (Q4 2017) their white label Wallet SDK (Software Development Kit). Meaning, any company / app / developer can use OMG's SDK (as they would use Angular or Wordpress) to develop a wallet and a transactions interface, on the blockchain, in a way that is completely customizable to fit their own brand and design (it's white label, so it's just a programming kit, there's no such thing as a logo or OMG brand, it will just be a programming tool for developers: just like when you visit a website, you have no clue if it was made with React or with Angular).
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That is certain because there is no #DevelopmentTeam that creates coins without any purpose.
Omisego was created to facilitate financial transactions in Singapore and I often read it on the Omisego main website.
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I have been watching OMG since November and it show a quick recovery after each dump, whenever it touched the support zone, the price always bounce back quickly
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I saw the #DevelopmentTeam of OMSIGE was strong and the finance was strong.
In my opinion and my experience to see this OMISEGO needs a little community that supports the price increase of OMISEGO.
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I was just curious so I figured Id ask. I know some people probably just didnt notice.
There ya go, WCV. Hopefully now you can change it as you see fit, as well.
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We have seen that Omisego (OMG) is in a much better position. We can see that Omisego (OMG) is in 43rd position in the market cap. It is currently hovering around three decimal seventy dollars. At present, with the growth of the market, this coin has increased a lot. We see a much brighter future for it.