OMG Is Keeping Up to the Upside
OMG Network (OMG) is seeing a rise of 5.2% to $0.217 this week, an impressive rebound given the recent market correction. Earlier in the week, the token experienced a significant drop of 20.0% to $0.167 on Monday but managed to completely erase these losses by the end of the day. In contrast, Bitcoin (BTC) remains 5.2% below the week's opening, hovering around $55,280 per coin.
Activity on the OMG Network is increasing, largely due to its early adoption of the Plasma protocol as a blockchain scaling solution. The protocol demonstrated significant scaling capabilities in July, and OMG Network has been actively working to drive token adoption in Asia.
From a technical perspective, OMG needs to climb above $0.250 to open the path towards $0.500, showcasing its considerable upside potential.
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