OMG Network Cryptocurrency is currently on bearish momentum by 28.33% in the last 7 days. At 20:11 EST on Thursday, 22 April, OMG Network is at $6.97.
Currently, OMG Network has 319447 Twitter followers and 4471 Reddit subscribers.
As of now, on Github, there are 53 forks, 94 stars, and 25 subscribers.
OMG Network’s last week, last month’s, and last quarter’s current volatility was 6.65%, 6.65%, and 6.65%, respectively.
OMG Network’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 6.65% (last week), 6.65% (last month), and 6.65% (last quarter), respectively.
Crypto Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, OMG Network’s crypto is considered to be overbought (>=80).
News about Bitcoin
Bitcoin retreats to weekend’s flash crash lows amid tax anxiety. According to Bloomberg Quint on Thursday, 22 April, "The slide pushed Bitcoin down as much as 5.7% to about $51,837, just above the low of $51,707 reached Sunday. "
JPMorgan warns of Bitcoin weakness as futures get liquidated. According to Bloomberg Quint on Wednesday, 21 April, "It’s likely traders including Commodity Trading Advisers (CTAs) and crypto funds were at least partly behind the buildup of long Bitcoin futures in recent weeks, as well as the unwind in past days, they said.", "Over the past few days Bitcoin futures markets experienced a steep liquidation in a similar fashion to the middle of last February, middle of last January or the end of last November," the strategists said. "
Cathie wood’s ARK says Bitcoin mining is good for the planet. According to Bloomberg Quint on Thursday, 22 April, "With the largest cryptocurrency in the mix, energy providers could play the arbitrage between electricity prices and Bitcoin prices, as well as sell surplus solar — and supply almost all grid power demands without lowering profitability, they said.", "We believe that the opposite is true: a world with Bitcoin is a world that, at equilibrium, generates more electricity from renewable carbon-free sources."
What Elon Musk and jack dorsey are missing about Bitcoin and green energy. According to Bloomberg Quint on Thursday, 22 April, "I don’t know how you’d assess the risk profile of a Bitcoin mining operation," said Albert Cheung, head of analysis at BNEF. ", "On Twitter, Dorsey said Bitcoin "incentivizes renewable energy." Musk responded with one word: "True."
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