In this guide, we will share our and the market’s view of the future of OMG as we discuss OmiseGo’s price forecasts for 2023 and beyond.
Keep in mind that you should take this and any other forecast with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a new highly volatile financial asset like OmiseGo.
Now, let’s get into it.
Before we delve into OmiseGo’s price prediction and answer questions about whether OMG is a good investment or not, why OMG will succeed or fail, or why the price of OmiseGo will rise or fall, let’s quickly take a look at what OMG is and its history to date.
Table of Contents:
OmiseGo Intro
OmiseGo is an Ethereum-based platform that strives to decentralize payment networks and create an open public financial system. Its goal is to provide the solution to the fundamental problem of coordination between payment processors, financial institutions and gateways.
True to its motto “Unbank the Banked”, it aims to provide good financial services to everyone.
The project plans to offer a proof-of-stake-based blockchain and a white-label software development kit (SDK) that can be used to create customized financial products for users.
OmiseGO aims to provide the underlying network which includes features such as e-wallet services, a decentralized exchange, liquidity mechanisms, and clearinghouse services. Using these technologies, the team hopes to enable developers to offer traditional banking services including payments, remittances, salary deposits, business-to-business services, supply chain finance, loyalty programs, wealth management and asset trading.
The company behind OMG was founded in 2013, Omise is a venture capital-backed payment services company operating in Thailand, Japan, Singapore and Indonesia.
You can buy OMG on Cex.io, Coinbase, or Binance. You can store it on the Ledger Nano S, Trezor T or eToro wallet.
OmiseGo Price Forecast
The entire cryptocurrency world is on the verge of complete collapse. Bitcoin fell 75% from its all-time high amid broader market declines caused by furious inflation and the US Fed’s rate hikes.
When you add the most recent collapses of huge industry players (FTX, Celsius, Moon etc.) into the equation, the horizon is murky and there will be more blood on the streets of the crypto city.
Investors are selling risky assets and moving to more stable markets. Crypto is still perceived as a very risky game and therefore sell off.
Our algo still sees some green in 2023, especially in the second half of the year. This is reflected in our forecast for 2023.
Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend.
Once Bitcoin settles into the new price range, altcoins will start doing the same – we’ve seen this scenario dozens of times in distant and more recent history.
Our price forecasting model is bearish for the next 90 days with a hint of a bull market straddling quarters from Q1 to Q2. We expect whales and other larger players in the market to finish filling their bags around that time, which will cause a typical and sudden crypto spike.
The fundamentals we evaluate are teams, tokenomics, use case, community, marketing efforts, liquidity and availability of exchange, hype and speculative potential, and some other proprietary factors developed in our crypto lab.
OmiseGo Price Prediction 2023
High inflation and the extremely dangerous macroeconomic situation have been heavily reflected in the price of Bitcoin in 2022. When we take the internal crypto issues with big players like FTX, Celsius, Voyager, Luna going down, 2023 doesn’t look too good for bulls. We’ll likely see a lot of boring sideways price action with a tendency to slide down with each minor market tremor.
OMG Price Prediction 2025
Our forecast model sees OMG reaching $2.21 in 2025.
How much will OMG be worth in 5 years?
The price of OMG in 5 years could be around $ 1.99
OmiseGo Price Prediction 2030 – 2040
How much will OMG Network be worth in 2030?
Our forecast model sees OMG Network reaching $5.52 in 2030.
How much will OMG Network be worth in 2040?
Our forecast model sees OMG Network reaching $11.04 in 2040.
Will OMG Network replace/surpass/surpass Bitcoin?
No, OMG Network will not replace or exceed BTC.
Can the OMG network reach $10?
Yes, OMG Network could reach $10 by the end of 2022.
Can OMG Network reach $100?
No, our forecasting model sees no chance for OMG Network to reach $100 in the short or medium term.
Can OMG Network reach $1000?
No, our forecasting model sees no chance for OMG Network to reach $1000 in the short or medium term.
Is it worth buying OMG Network?
We are supporters of moderately risky investments: invest most of your cryptocurrency portfolio in BTC (50%); 35% in a basket of large-cap coins and the rest in small projects with huge increases. So, in this context, it is worth buying OMG Network.
Is OMG Network a good investment?
OMG Network is, just like all other cryptocurrencies, a risky investment. It is more likely to go up than down because of the good use case, well-designed tokenomics, active community, and a strong team behind it.
How much will OMG Network be worth?
For the short-term future, it could reach $0.6888. In the long term (8-10 years), it could jump to $5.52 or even higher.
Why will OMG Network succeed and go up in price?
OMG Network has a good use case, well-designed tokenomics, active community and a solid team behind it. All of these are a prerequisite for success and that’s why our forecasting model sees OMG Network rise to $5.52 in 2030.
Why will OMG Network go bankrupt and fall in price?
Cryptographic projects fail for various reasons. Some of the most common are: the team goes rogue and abandons the project, regulators declare it illegal and press exchanges to delist it, lack of media attention, more successful competitors, lack of a well-designed marketing strategy, loss of community support, potential vulnerability in the protocol, failure to achieve the minimum development activity foreseen on the protocol, inability to attract new developers to build on their platform.
How high will OMG Network go?
Our prediction model sees the price of OMG Network explode and reach $11.04 in the distant future.
What is the short-term forecast for OMG Network?
OMG Network will reach $0.6888 over the next 90 days, which is a 37% change from the current price which hovers around $1.09.
Can OMG Network make you a millionaire?
Yes, if you buy a large enough sum. Don’t expect to invest $100 and become an OMG Network millionaire. But 100x price explosions are a common sight in cryptocurrencies, so a $10k investment in OMG Network could make you a millionaire.
OMG Network Price Today Prediction – What will be the price of OMG Network tomorrow?
OMG Network will hover around $1.15 tomorrow.
OmiseGo Coin (OMG) Future Prospects
However, not all projects have the same chance of failure (risk), nor do they have the same upside potential (reward).
As a result of the incompetence and lack of integrity of ICO teams, fueled by the basic human instinct that is the greed and naivety of crypto investors, more than 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of the projects will become the new Apple, Google or Alibaba in the cryptocurrency sector. Will OMISEGO be among that 5%?
If you asked us from last year, we would say yes unequivocally. But 2018 was a huge disappointment that hugely alters that answer to its exact opposite: NO.
In theory, because of its parent company, Omise and its payment product, OmiseGO has many high-profile strategic partnerships. Ethereum co-founders Vitalik Buterin and Gavin Wood are among its advisers, and it is endorsed by Thailand’s Ministry of Finance and the Bank of Thailand. Omise plans to use the OmiseGO platform to complement its existing payment network, which is currently accepted by companies such as McDonalds and Alipay.
However, the lack of proper communication and constant failure to meet deadlines have exacerbated GMO holders and fostered a toxic community around the project. Check out this post for more information on this. When it comes to real and tangible results, OMG came up with a big nothing.
Recent events, or lack thereof, have shown that OMG has greatly overestimated itself and underestimated what they are trying to build. There are no guarantees that they will actually succeed in what they aim to build. The scope of this project already seemed great, it may be too great. If they’re having trouble getting a basic initial iteration like this, wait until things get really complex. The initial iterations will be so basic that they are not even close to what creators and investors have in mind. The picketing is out of sight and the team now refuses to put dates on things. This prospect is depressing.
The project is essentially running on old glory fumes right now, with a bunch of miserable owners grumbling at the sight of their deflated OMG bags.
