OMG Network has recently come up with Tether transfers integration. It would give an alternate option for swapping the market-leading stablecoin. It is expected that by shifting ether transactions to the OMG Network may decrease Ethereum congestion by 15%.
OMG/USD Price Forecast
OMG has shown a stable price movement over the last few days. It has maintained the value of around $1.5 for most of the days in the last month. A tremendous escalation can be noticed over the last ten days. It was trading at $1.62 on July 21, and after a week, it fell to $1.46 after a short decline. Later, it maintained the value of around $1.5 till August 10.
The next day, the OMG/USD value was spotted at $1.85, but it later faced a slight correction to $1.60. However, after that, the OMG coin registered a continuous uptrend. On August 17, the currency marked a sudden hike, which took the price to $3.22, but again within the next 24 hours, it fell to $2.52.
After this steep fall, it managed to regain its previous momentum and started registering a sharp hike. At the press time, the OMG price was spotted at $3.48, and the MACD shows a bullish crossover due to steep upside movement. As per the OmiseGO price prediction, the OMG/USD may cross the next resistance around $3.75 in the impending hours. However, there may be a few sudden price swings on the path to the resistance point.