This market seems to work like a round about. Each new cycle of Bitcoin sends some alts flying up faster than others. I think Gen 3 has gotten some serious pump. However, OmiseGo is has recovered quite nicely since its last pump. This vixen of a crypto seems ready to go at any minute and will be drawing former devotees back to invest once again.
There are cycles in crypto and OmiseGo will be part of the post-Bitcon-consolidation altcoin rally. Remember, with all the fear that Bitcoin is too slow to serve as a currency and too political to serve as a store of wealth; OmiseGo has positive press in both aspects. On the one hand, OmiseGo still has a partnership with McDonald's and is used - right now today - as a means of exchange. On the other hand, OmiseGo's mission statement is to, "Unbank the Banked" and they occupy a very large, relatively tech savvy and industrious region of the world, "Thailand, Japan, Singapore, and Indonesia, with rapid expansion plans to neighboring countries across Asia-Pacific."
I believe it's time again for these types of coins to make a resurgence in price. However, what do I know? I am not to be trusted because I have no vaild insight and these statements should not be considered actionable or sane advice in any instance. Disregard this analysis as not usable. Cheers.
There are cycles in crypto and OmiseGo will be part of the post-Bitcon-consolidation altcoin rally. Remember, with all the fear that Bitcoin is too slow to serve as a currency and too political to serve as a store of wealth; OmiseGo has positive press in both aspects. On the one hand, OmiseGo still has a partnership with McDonald's and is used - right now today - as a means of exchange. On the other hand, OmiseGo's mission statement is to, "Unbank the Banked" and they occupy a very large, relatively tech savvy and industrious region of the world, "Thailand, Japan, Singapore, and Indonesia, with rapid expansion plans to neighboring countries across Asia-Pacific."
I believe it's time again for these types of coins to make a resurgence in price. However, what do I know? I am not to be trusted because I have no vaild insight and these statements should not be considered actionable or sane advice in any instance. Disregard this analysis as not usable. Cheers.
Note
There has been a "crash" of cryptocurrencies due to South Korean regulations (photo ID required to buy cryptos)... Everything looks like a crash in cryptos compared to traditional - otherwise known as managed - markets. I have not changed my opinion in regard to price outlook for OmiseGo for the time being and will continue the trade from here. This company has come serious marketing wizards and community support. I'm banking on that at least.
Note
This is now at 0.00173160 and I will be selling the lot to buy into other investments. XLM and BNT look great.Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.