$20USD OmiseGo (OMG) | The Future Of Digital Payments

in this video I’m going to be covering Amy sago and the recent price push to over 20 US dollars per token [Music] hey guys and welcome to today’s video we’re all well today I’m gonna be covering a Mesa go or oMG but first just a quick update on the market guys market cap of 635 billion dollars a 24 hour volume of 41.5 billion which is one of the highest I’ve ever seen and a BTC diamonds of 15.2% so overall the market is killing it right now I really hope you guys have got some positions in cryptocurrency and I’m making some well-earned profits so let me say go has been one of my favorite projects for quite some time now I don’t hold a large position of the Mesa go but I’ve held a small position for quite a while and I sort of forgot about it and recently it has made me some excellent profits so I want to cover the project briefly and talk about some of the recent price rise and why that’s all happening so for those of you that don’t know anything about a Mesa go or OMG I’m gonna cover a little bit about the project and what they do so Mesa goes essentially a platform which is built on the etherium network for use in mainstream digital wallets so it allows real-time peer-to-peer value exchange and payment services for both fiat money and decentralized currency is known as cryptocurrencies now it is designed to enable financial inclusion and access will be made available to everyone by the a Mesa Go network and the digital wallet framework so to make use of the I’m a secure network there is no bank account needed the network is very scalable as instant settlement and very low costs and the security is state-of-the-art among all decentralized currencies as well as decentralized fiat tokens now what is a Mesa go Mesa go is essentially the answer to a fundamental coordination problem amongst payment processors gateways and financial institutions so by enabling a decentralized exchange on a public blockchain at high volume and low cost a Mesa go basically provides a next-generation value transferring service which operates across all currencies and asset types millions of mainstream users in the largest growing economies in the world will be enabled to make transition from using fiat money to decentralized currency such as a theory of Bitcoin and many other now as far as adoption and usage go this system is constructed so that the best currencies will win long-term now let’s talk the MS ago blockchain simply put the OMG blockchain is very scalable it’s totally public and it operates on a proof of state consensus similar to Bitcoin the network itself is designed as a highly performant system which leverages interlinked blockchain construction and the a Mesa go white label wallet SDK allows for a diversity of payment solutions and allows you to enhance add and customize different payment solutions across the network I’m not going to cover the white paper in too much detail but as you can see here it is very professional and provides a lot of detail so you guys can go and check that out in your own time and I’ll leave those links in the description below now this section here basically just talks about a theorem and why they’ve chosen to use the etherium network but this is a little background on MSA a Mesa was founded in 2013 and it was a venture backed payments company operating in Thailand Japan Singapore and Indonesia so they had wide expansion plans to reach worldwide and in November 2016 I mean segoe was actually featured on Forbes as FinTech rockstar the secret behind the building of MSA is focusing on the understanding of addressing real business needs an easy integrated and secure manner and they believe a Mesa go has the potential to be a global standard for exchange and payments and it does that very very well from my experience here’s a list of some of the investors for Mesa go and here’s a look at the management team so it is quite a small team just five members here not a whole lot of detail there but in terms of advisors we have some very very strong influences here we have Joseph poon who is the Lightning Network co-author and vitalic beuter and founder of the theorem so just that in itself guys is a big big statement for Mesa go you know it is backed by some really reputable people and a lot of people believe in the project long term now in the media there has been quite a few articles you know you got Bloomberg and TechCrunch and also coined us talking about Mesa go and how Joseph poon has taken on yet again another aetherium project and if you want to get in touch with I mean say just jump over and send them an email here at the email address or head over to their website and hit that contact us now section so I just want to show you guys a quick stat for IMS ago and their ICO which was ran in mid 2017 if you did buy in at ICO you would have had an ROI increase of seven thousand five hundred and eighty three point three percent now that is a huge huge gain and I missed ago continues to rise up as we push through that 20 USD mark so right now everything is good for mes ago I did have a few problems in the early days with price movement but lately guys it’s been clear skies now if you want to stop to date on some news with a Mesa go make sure you head over and follow their Twitter channel guys they’re really awesome over here and they post a lot of things there’s a few retweets from vitalic computer and here but I always keep you up to date on the latest news such as adding two different exchanges and things like that there’s been a lot of developer activity in December and it’s been a very strong month for a Mesa go and a lot of other coins as well so in terms of storing your Mesa go if you do don’t any you can store that on the Exodus wallet which I use every day it’s a multi asset wallet great wallet I have covered videos on my channel for Exodus as well so make sure to check that out but that basically wraps up the fundamentals and the news guys there’s not a whole lot happening but as for fundamentals this is a very strong project I’ve talked about it in the past it’s one of my favorites and a lot of people will probably tell you the same it’s got a lot of backing and a lot of people advising it and I believe it’s going to do quite well long term now in terms of news there hasn’t been a whole lot aside from it being added to those few exchanges like I said but there has been a lot of developer movement and I think that’s going to continue into 2018 as we see a Mesa go grow with a theory M as well so in terms of technical analysis we’re going to take a look at some charts for I may say go versus the US dollar as well as versus Bitcoin so taking a look at the US dollar as you can see we shot up here around $13 and there was a long consolidation period which lasted a couple of months and we came around to this $8 mark and a lot of people were jumping out of him he said oh here sort of interest in the project and the returns that was bringing when it did hit this low price here this was a solid support level and a lot of people started to buy in we did have this wild flash crash here but since then we just kept consolidating along and as we stepped into December we’ve had some awesome movement basically from the 11th of December onwards and you know we’ve more than doubled in price and that’s a very very good sign for a Mesa go if you are a holder of a Mesa go that’s awesome as well but you know this is a project you want to look out for I do recommend trying to spot an entry position for this one and try and get in and make some profits on it but for me it is a long-term hold like I said I don’t have a large position of a Mesa go but it is something I will be holding for the long term and I do believe in the project now in terms of Bitcoin it’s doing quite well it’s nowhere near its all-time highs so it is quite down you know we came right back down here to around 40 7500 satoshis which was quite low and it was a previous support level here so that would have been an optimum entry in terms of Bitcoin to get involved and as you can see we broke this long-term downtrend right here at around 698 SATs and since then we’ve almost doubled that so there’s still quite a long way to go yet as you can see I’ve outlined some resistance levels here to watch out for the first one here being around one hundred and sixteen thousand SATs second one being at around 150 thousand and then this one will be a bit of a range here from 164 to 205 K SATs so that’s pretty much it that’s some entry levels to look out for I do recommend adding some to your portfolio but that’s basically it for this video I want to keep it short I just want to let you guys know that the price movement has been phenomenal I will be covering a few other coins that I like since we have been having some awesome growth in a lot of altcoins at the moment so I try to cover a quick bit of fundamentals a bit of news and a bit of technical analysis as well so let me know if there’s anything else you’d like different in these sort of videos but until then guys thanks for watching please leave me a like and I’ll see you guys in the next video [Music] [Applause] [Music]