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OMNI price posted 6% daily gains and a 200% surge in trading volume as Omni Labs officially announces rebranding to Nomina.
Omni is a blockchain based platform for designing and trading custom digital assets. It is a decentralized digital layer built on top of the Bitcoin blockchain. Omni transactions are Bitcoin transactions designed to help enable the next generation features on Bitcoin system and indeed, the entire blockchain market. The Omni Core provides users with all the features found on the Bitcoin Blockchain plus additional Omni Layer based features such as a decentralized exchange. The Omni network also has its native coin referred to as OMNI that you can trade in the cryptocurrency markets. The platform was first proposed by Willett J. in 2012 when he suggested that another layer can be added on top of the Bitcoin protocol to enjoy the benefits of Bitcoin and introduce new features. The native coins started trading in the markets as Mastercoin at around $133.5 and shot to $181.3 in the last days of December 2013. This figure turned out to be the highest mark in the Omni long journey to 2018. In 2014, Omni (operating as Mastercoin) was ranked seventh of all cryptocurrencies. Mastercoin name was changed to Omni in 2015. The price of OMNI shot down with over 4000% by September 2014 and remained below $5 until April 2017. It shot up to $104.3 in January 2018 before taking a steady drop to around $7.5 in August 2018. The community has indicated that despite the sharp drop, the $7.5 mark is still 200% higher than the 2014 price. The price is expected to grow to higher levels in the coming years.
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