Everyone has been raving about OMG for quite some time now. Price is at $10. Is it too late to join the party?
How do I rate an investment in this project at the current price?
There is no product yet. The market opportunity is great. The company is solid. The competition is fierce. Legality issues waiting around the corner, but being worked on. Price has already risen a lot.
Would I invest in OMG? Maybe a small amount, because I am not a fan of investing in anything that is worth more than $2-5, along with TenX so that both can hedge against each other. The price will keep going up, but I don’t think there’s leeway for an exponential growth mid-term, although many disagree – people hyping about prices over $100.
This is yet another coin competing on the payments market. It is a huge market with a lot of competition from both other crypto projects, classic payment companies, and banks on the other hand. The only way an investor might ensure to come out ahead with a good profit in the long run, in my opinion, is to divide their investments into several of these coins. I, for one, would buy TenX/OMG in 60:40 ratio. OmiseGo are trying to tap into a particular market and this will give them the competitive edge there, so this increases the odds for success.
What we buy now is a promise.
They promise to deliver this product and they will also try to make this legal. They are in talks with the government, but we don’t know yet what the outcome will be. When we do, it will be too late to buy though, so placing a buy order is like a bet of confidence in three things: the mania around OMG hasn’t made the price more expensive than the underlying value; OMG will deliver on their promises; government will allow for their ideas to become reality.
The main question is this – will the banks (who presumably control the world) allow this to take away from their business? This is not an immediate problem, so in the mid-term, there are gains to be made.
Read the full review: https://cryptohydra.com/crypto-reports/omisego-omg/
Disclaimer: This is not investment advice, it is merely an opinion for informational purposes. Investing is a risky matter, people should do their own research and we are not liable for potential losses.