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Lindsay R

Little-Known Cryptocurrencies Soaring In May 2020

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Are there any little-known Crypto doing well in May 2020 that may be a hidden gem and maybe even worth checking out?

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Hi there,
Bitcoin has been trading sideways after rallying throughout April 2020. In comparison, a little-known small crypto has soared a mind-boggling 230% over the period to end of May 2020. This new kid on the crypto block is not even among the top 30 tokens by value.
Ethereum's token OmiseGO, trading as OMG, and which powers a smart contraction platform, has risen sharply. This is after San Francisco based exchange Coinbase agreed to list the token.
Many cryptocurrency analysts are worried prices could be pointing downwards prior to a rally. However, a number of cryptos, like OmiseGO, have out-performed the greater cryptos.
Some analysts were of the opinion that bitcoin price was headed for a crush post third halving. However, many have confidence bitcoin will eventually soar. In the meantime, OmiseGO has the floor.
At the moment, OMG is still low compared to its highest $30 per token it had attained back in late 2017. That was while crypto and bitcoin mania swept the world. Never the less, OMG has attained a 234% price rise, with investors glorifying in its recent Coinbase listing.
Reasons Behind OMG Soaring Price
First off is the good old price pump that is the Coinbase listing. OmiseGO price rose sharply the moment it's listing on Coinbase news hit the crypto market. Again, Coinbase, the biggest US crypto and bitcoin exchange, allowed Coinbase Pro traders to make inbound OMG transfers.
Coinbase also announced it would give OmiseGO a full listing in each of its markets except New York State. All these factors coming together enable Coinbase customers and traders store, receive, send, convert, sell, or buy OMG.
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Other smaller cryptos, like Tezos and Chainlink, have rallied too, pushed higher by demand arising from their decentralized financial platforms. For now, however, OmiseGO tops them all market-wise.

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