OMG rockets 100% as investors seek alternatives to Ethereum! OMG rockets past 100% from $1.70 to $3.65 in the past 7 days, with the price surging 30% in the last 24 hours.
The market cap for OMG has surged by about $275 million. From Black Thursday in March, OMG has gone nearly 1,000% since it’s all time low of $0.35.
The craze to find an alternative to Ethereum is due to Ethereum’s skyrocketing Gas prices as its use for DeFi has gone to over $6 billion dollars in transactions.
Investors are also concerned with the testent of ETH2.0, a new iteration of the Ethereum network, as reports of it crashing were made known last week.
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