LONG LRC - Retesting Support - Low RIsk Entry Point LONG LRC - Retesting Support - Low RIsk Entry Point
Layer2
lONG OMG above avg vol breakout OMG Network is a Layer-2 scaling protocol for Ethereum. What this protocol aims to achieve is a higher transaction throughput at a lower cost while leveraging the security guarantees of its underlying layer. OMG Network is predicated on the creation of a child chain that batches transactions before committing them to the root chain, which, in this case, is Ethereum. The child chain relies on the root chain as the trust and arbitration layer. With this type of relationship, if something goes wrong with the child chain, users’ funds should remain safe. The protocol's token, OMG, is the primary method by which users can pay for transaction fees and interact with the network.
LONG OMG/USDT - 45 min chart update - vol above avg bullish! LONG OMG/USDT - 45 min chart update - vol above avg bullish! - OMG Network is a Layer-2 scaling protocol for Ethereum. What this protocol aims to achieve is a higher transaction throughput at a lower cost while leveraging the security guarantees of its underlying layer. OMG Network is predicated on the creation of a child chain that batches transactions before committing them to the root chain, which, in this case, is Ethereum. The child chain relies on the root chain as the trust and arbitration layer. With this type of relationship, if something goes wrong with the child chain, users’ funds should remain safe. The protocol's token, OMG, is the primary method by which users can pay for transaction fees and interact with the network.
USD11 by Dec 2020; USD50 by 2022+Prediction for OMGUSD
This is in line when most exchanges starts using OMG as a L2 to help ease out ETH congestion, which Bitfinex has already done so, successfully!
All other ERC-20 tokens will also take advantage of it already. This makes OMG an essential Layer for ALTS Crypto market growth.
OMG has already started its bullish formation, and will trend upwards in weeks, months and years to come! this is only the beginning people.
