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OmiseGo – a relatively small crypto with a market cap of $261 million – has been caught within the throes of a parabolic uptrend over the past several days.

This uptrend has allowed it to post some massive gains emblematic of those seen during 2017’s “altseason” – in turn drumming up significant interest amongst investors.

Despite the magnitude of its recent uptrend, 94 percent of the cryptocurrency’s investors are still underwater in their positions.

This statistic highlights just how far-reaching its multi-year decline has been, and also casts a shadow over the possibility that many altcoins will ever be able to revisit their previously established all-time highs.

OmiseGo Rallies Over 200% from May Lows

OmiseGo has been going parabolic, posting a massive climb from its multi-week lows.

Earlier this month, the cryptocurrency was trading at lows of $0.65 – around the point at which it had been trading at throughout the past couple of months.

On May 13th, it began gaining some immense momentum as it rallied to highs of over $1.00. This was just the start of what was to come next.

Over the…

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Author: Cole Petersen


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