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BTC $61086.86 (0.44%)
ETH $4092.72 (3.46%)
USDT $1.00 (0.10%)
BCH $626.76 (1.26%)
BSV $170.87 (0.31%)
LTC $195.62 (1.32%)
BNB $481.02 (-0.1%)
ADA $2.15 (0.16%)
DOGE $0.24 (4.20%)

As Crypto Market Crashes, OMG Network Remains Bullish

Despite-the-Crypto-Market-Crash,-OMG-Network-is-Bullish Altcoin News
  • The crypto market appears to be down today.
  • Despite the crash, OMG Network thrives and remains bullish.

Reports and news from all over the internet are feasting on how the crypto market is down today. Despite the crash, however, the OMG Network still shows bullish patterns.

cryptomarket

In this image taken from CoinMarketCap, at the time of writing, almost all the top 10 cryptos today experienced dips.

On the other hand, looking at this current value of the OMG Network on the same platform, the crypto seems to be on a bullish run.

cryptomarket1

To note, OMG Network is a Layer-2 scaling solution that increases the transactions in the Ethereum blockchain. In addition to this, the core developer of the OMG Foundation (OMG Network) also announced the release of Boba Network. This is a new Ethereum scaling solution that the same developers created.

Going back, as seen in the figure above, at the time of writing, OMG increased with over 21% in value. With the crypto market crashing down currently, this is such a significant moment for the OMG Network as this proves its stability.

At the same time, reports show how holders are taking action with the sudden dips in the crypto market today. Bill Noble, CTA at Token Metrics said that investors should not “stress about the swings because they’re going to keep happening.” He also added that “volatility is as old as the hills and it’s not going anywhere. It’s something you have to deal with.”

Of course, if there are dips, there will be cryptos hitting the moon, too. Perhaps right now what investors should do is patiently wait.

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Cho Amisola is a passionate writer for both creative writing and digital publishing. She’s been featured and published in both areas and is now focusing on blockchain news.