Introduction
Omni Network (OMNI) is a cryptocurrency token operating on the Ethereum platform, designed to enhance interoperability between different blockchain networks. It aims to create a seamless experience for users interacting with multiple chains without compromising security or decentralization. This guide provides an in-depth analysis of OMNI's current market status, historical performance, and essential metrics for potential investors and enthusiasts.
Current Omni Network Price and Performance
As of the latest data, Omni Network (OMNI) is trading at **$1.60**, reflecting a **+5.72%** increase over the past 24 hours. The token opened at $1.55 today, marking a 2.91% rise from its opening price. After a brief dip to $1.48, it has shown signs of recovery. However, it remains down by approximately -33.96% from its 30-day high and -3.40% from its 7-day peak. Conversely, it has gained 13.19% from its recent low.
Key Statistics:
- 24-Hour Trading Volume: $11,878,729 (7,423,914 OMNI coins traded)
- Available Exchanges: 25 platforms
- Market Cap: $26 million (ranked #583 globally)
- Circulating Supply: 16 million OMNI
Market Cap and Fully Diluted Valuation
The market capitalization of Omni Network is calculated based on its circulating supply. If the total supply (100 million OMNI) were fully circulated, the market cap would reach $160 million at the current price. This metric helps investors understand the potential scale of the token if all coins are released.
Price Charts and Historical Data
Omni Network's price charts provide insights into its volatility and trends. Users can view data over different periods:
- 1 day
- 7 days
- 1 month
- 1 year
- All-time
Charts can be displayed in default or inverted modes, catering to various analytical preferences.
Historical Highlights:
- All-Time High (ATH): $27.58 (April 21, 2024)
- All-Time Low (ATL): $1.41 (recently)
- 52-Week Range: $1.41 to $16.45
Technical Analysis and Indicators
Technical indicators offer a data-driven perspective on OMNI's market behavior. Key metrics include:
Momentum Indicators:
- RSI (14): 37.17 (Natural)
- Commodity Channel Index (20): -47.75 (Natural)
- Williams Percent Range (14): -63.12 (Natural)
- Ultimate Oscillator: 58.41 (Natural)
Moving Averages:
- SMA (10): 1.56 (Buy)
- EMA (10): 1.59 (Buy)
- SMA (20): 1.66 (Sell)
- EMA (20): 1.69 (Sell)
Overall, bearish signals outweigh bullish ones, with 11 indicators suggesting a downward trend versus 2 favoring growth.
Wealth Distribution and Holder Statistics
Wealth distribution is a critical factor in assessing a cryptocurrency's health. For Omni Network:
- Top 10 Addresses: Hold 88.79% of the total supply (88,787,452 OMNI)
- Addresses 11-100: Hold 9.45% (9,448,884 OMNI)
- Remaining Addresses: Hold 1.22% (1,218,883 OMNI)
Note that top addresses may include exchange wallets, which hold funds for multiple users.
Blockchain Activity:
- Holders: 67,298
- Token Transfers: 354,901
- 24-Hour Transactions: 144 (avg. 6 per hour)
Returns and Volatility
Omni Network has experienced significant volatility and mixed returns over various periods:
- 3-Month ROI: -29.06%
- 6-Month ROI: -80.96%
- 12-Month ROI: -89.06%
- Volatility (3-month): 56.05%
- Max Drawdown: -95.28%
- Winning Days: 45.38%
Comparative Analysis
Compared to other cryptocurrencies launched in 2022, Omni Network boasts above-average trading volume. The average volume for 1,850 coins from that year is $400K, while OMNI records $12M. Its rankings in specific categories are:
- Interoperability: #30
- Cross-Chain: #20
- Layer 1 (L1): #97
Recent News and Developments
Omni Network has been featured in several crypto news outlets, highlighting its technological advancements and market entries:
- Privacy Focus: Omni Network is emphasizing privacy features to compete with platforms like Hyperliquid.
- Mainnet Launch: The 'Core' mainnet launch aims to unify Ethereum rollups, addressing $58 billion in fragmented Total Value Locked (TVL).
- Binance Launchpool: OMNI was listed as the 52nd project on Binance Launchpool, boosting its visibility.
- Infrastructure Partnerships: Collaborations with projects like UXLINK aim to create omni-chain infrastructure for broader user engagement.
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Frequently Asked Questions
What is Omni Network (OMNI)?
Omni Network is a layer-1 blockchain focused on interoperability, allowing different blockchain networks to communicate securely and efficiently. It leverages Ethereum's security and Cosmos' scalability to create a unified ecosystem for decentralized applications.
What is the current price of OMNI?
The current price of OMNI is $1.60, with a 24-hour increase of 5.72%. Prices can fluctuate based on market conditions, so checking live charts is recommended for the latest updates.
What was the highest price ever for OMNI?
The all-time high for OMNI was $27.58, reached on April 21, 2024. Since then, the price has adjusted due to market dynamics and broader crypto trends.
How is the wealth distributed among OMNI holders?
The top 10 addresses hold nearly 88.79% of the total supply, indicating significant concentration. This includes exchange wallets, which pool funds for multiple users, so individual ownership may be more distributed than it appears.
What are the key technical indicators for OMNI?
Current technical analysis shows mixed signals, with short-term moving averages suggesting buys but longer-term trends indicating sells. The RSI is in neutral territory, reflecting balanced buying and selling pressure.
Where can I trade OMNI tokens?
OMNI is available on 25 exchanges, including major platforms. Always use reputable exchanges and ensure proper security measures when trading cryptocurrencies.
Conclusion
Omni Network (OMNI) presents a intriguing case study in the interoperability niche of cryptocurrencies. While its price has seen significant volatility and downturns from all-time highs, its technology and recent developments suggest potential for future growth. Investors should conduct thorough research, consider technical indicators, and monitor market trends before making decisions. For those interested in cross-chain solutions, OMNI remains a token to watch.