Polymath (POLY), OmiseGo (OMG) cryptos riding high on demand

Highlights

• Polymath’s (POLY) current circulating supply is 624,946,939 tokens, and the maximum supply potential is 1,000,000,000.
  
  
• OmiseGo, rebranded as OMG Network (OMG), has a circulating supply of 140,245,398.25 OMG tokens, and the maximum supply capacity is 140,245,399. 
  
  
• Polymath is a decentralized Ethereum project founded by Trevor Koverko in 2017. On the other hand, OMG is an interoperable decentralized exchange and payment platform founded in 2017 by Jun Hasegawa.

The crypto marketplace is more of a technology market than finance. However, because of certain features of blockchain technology, like layered security and decentralized nature, cryptos are considered helpful for fast financial transactions. In addition, the technology is removing geographical boundaries and disrupting the existing centralized financial system. 

Here we discuss two crypto tokens gaining investors’ attention.

Polymath (POLY) 

The POLY token was trading at US$0.6571, up 20.56%, in the last 24 hours ending at 10:33 am ET on Sep 30. Its trailing 24-hour lowest and highest prices are US$0.5257 and US$0.7838, respectively.

POLY’s market cap is around US$410.8 million, while its fully diluted market cap is around US$664.6 million. Its 24-volume was US$502,130,332, an increase of 2594.34%. In addition, its volume to market capitalization is in the ratio of 1.21, as per coinmarketcap.com.

The POLY token’s circulating supply is 624,946,939, and the maximum supply potential is 1,000,000,000. Its market rank is #133, with a live market cap of US$415,365,173. 

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Polymath is a decentralized Ethereum project founded by Trevor Koverko in 2017. It was created to make creating and managing security tokens easy. To date, around 220 tokens have been created using the Polymath platform. 

Polymath deployed its platform on Ethereum Mainnet in January 2018. The company expects 925,000,000 POLY tokens to be in circulation by 2022 and the balance of 75,000,000 POLY tokens of the total supply to be out by 2024. 

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POLY is a utility token to access smart contracts and create ST20 tokens. Currently, 100,000 crypto wallets hold POLY. Besides, it has also built its own proof-of-stake blockchain named Polymesh. And once it goes live, the Ethereum based POLY token supplies will decrease as they will swap to Polymesh.

One can trade in the coin at Huobi Global, BKEX, Binance, Coinbase Exchange, Mandala Exchange, Uniswap, Balancer, Sushiswap and Upbit. It is available for trading on exchanges with stablecoin and cryptocurrency pairs.

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Source - pixabay

Image Description: Polymath (POLY), OMG Network (OMG): Two trending crypto tokens.

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OmiseGo has been rebranded as OMG Network (OMG). OMG token was trading at US$11.84, with a 14.76% gain, at 11:33 am ET on Sep 30, 2021.

Its 24-hours trading volume was US$2,336,826,406. The volume to market cap ratio is 1.42. OMG’s circulating supply is 140,245,398.25 tokens, and the maximum supply potential is 140,245,399. The current total supply is 140,245,398.

In the last trailing 24-hours, the OMG token price touched the lowest of US$9.93 and the highest of US$11.97. OMG’s current market rank is #62, with a live market cap of US$1,656,047,727, as per coinmarketcap.com. It has a fully diluted market cap of US$1,656,047,735.93.

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OMG is an interoperable decentralized exchange and payment platform. It was created to make value transfer easy across blockchain networks and provide payment gateways for fiat-to-crypto and crypto-to-crypto investment.

OMG’s decentralized exchange allows transactions not limited to fiat to crypto or BTC/ETH to altcoins. Besides, it provides altcoin to altcoin transactions directly across blockchain networks. OmiseGo is a payment processor in Japan, Thailand, and Singapore.

The OmiseGo team has worked in the blockchain and has been part of the Ethereum community since 2015. OmiseGo has had more than 50 employees globally under the leadership of Jun Hasegawa since its launch in 2017.

One can buy OMG tokens from exchanges like Huobi Global, OKEs, Binance, FTX, Mandala Exchange, Coinbase Exchange, and Bithumb.

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Bottomline

The Crypto market sees many new entrants at different levels; however, it has a long way to go before crypto transactions are widely accepted. Investors interested in dabbling in the crypto trade must exercise caution due to the market’s high volatility. They must evaluate the companies carefully before making investment decisions.