FOMO Moments

After a couple of weeks of solid upwards momentum crypto markets have finally started their correction. Markets have fallen back below the $400 billion level as a huge sell off saw $40 billion leave the digital space and go back into fiat. Bitcoin has retreated back below $9,000, losing 6% on the day and currently trading at $8,850. Altcoins are also largely in the red with most of them losing 4-6% on the day. One bucking the trend and pumping at the moment is OmiseGO.

Coinmarketcap is reporting a 26% price increase for OMG which has over doubled in value in the past three weeks. Currently trading at just under $21, OMG has climbed from $16.50 this time yesterday. Over the week OmiseGO has steadily climbed 40% from $15.25 this time last Thursday. The monthly picture for this altcoin is even more impressive with a jump of almost over 100% from $10 to its current trading level. Against Bitcoin OMG is up 37% today at 240000 satoshis from 175000 sats this time yesterday. On the week it is up almost 30% against BTC from 184000 satoshis on Thursday last week.

The big pump started about an hour ago when the announcement that OMG would be listed on Bithumb emerged online;

OmiseGO✔@omise_go

Public demand has spoken! Big thanks to @BithumbOfficial for giving the #block3988888 OMG airdrop to their eligible users! And thumbs up on listing the $OMG token powering the #Plasma decentralized exchange. Hybrid centralized-decentralized exchanges are DEFINITELY on the way!

Reprint: MARTIN YOUNG  Publisher:  MARTIN YOUNG

Source:  Author:  Gareth Lopez

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