Price Action
Over the past week, OmiseGo saw its price go up by 6.41%. It is above its 20 day moving average by 8.68%, so it’s somewhat away. OmiseGo’s bullish momentum, if assessed by its distance from its 20 day moving average, is above average relative to our index of cryptocurrencies. Now when considering volatility, OmiseGo is more prone to sizable price moves than 76% of coins in our index, so traders can expect a bit more volatility than usual. Looking ahead, if the upcoming week mirrors the volatility of three past three weeks, the price range for OmiseGo in US dollars is expected to be between $1.77089 and $2.87031.
Where to trade Omisego (symbol: OMG): Gate, Yobit, Stex, Binance, DDEX, Ethfinex
Volume Update
In the span of the preceding 7 days, OmiseGO’s daily volume, in terms of its own unit of currency, has fluctuated between 200,062.5 and 8,813,702. In the three weeks prior, the trend in both volume and price have clearly been up. Over the past week, OmiseGO saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 2.43%. This turnover rate is higher than approximately 53.92% of the cryptocurrencies we monitor, which means it’s middle-of-the-pack; investors/traders may thus wish to consider their liquidity requirements to make sure the coin matches their needs and their expected trading volume.
Engagement Update
Over the past week, OmiseGo saw its holders go from 651,965 to 652,524, an increase of 0.09%. As for overall transactions, they increased from 2,318,243 to 2,337,649 — an increase of 0.84%. This translates to a combined engagement growth rate of 0.93% for OmiseGo — which is higher than 36.36% of the cryptocurrencies we’re reporting on. This growth rate suggests its change in engagement is below average, at least on a percentage basis.
Technology Development Status
At the moment, OmiseGO has 30 repositories open to the public on GitHub, with the oldest one now being 4.82 years young. Its last public update to any of its repositories was within the past week which is not bad, as the coin is still being updated routinely. OmiseGO’s public repositories collectively have a total of 665 watchers, which is pretty good, relatively speaking; specifically, that’s more than 72 % of the top 100 coins we’re looking at. The coin has 59 issues reported across its public repositories. Relative to the number of watchers it has, though, its open issues count is fairly mediocre. We consider the GitHub open issue/watcher ratio as a potential indicator of the healthiness of a coin’s software development process, and for OmiseGO we see that its issue/watcher ratio looks healthier than 49% of similar coins in our index.
OmiseGO News and Commentary
We found one link over the past week about OmiseGO that we thought was especially worth sharing. If available, we added an excerpt from the article to help give a taste of what it is about.
OmiseGO: Samrong — v0.2 of the Network is now accessible, Potterhat — an experimental ope
Key Extract:
The OmiseGo team was at the first ever SURGE Bangkok Hackathon….As for social encounters, believing that technology can be an enabler to improve lives, OmiseGO took part of UNICEF Innovate’s SURGE BKK 2019.
Where to Buy
You can trade Omisego, listed under the symbol OMG, through the following exchanges: Gate, Yobit, Stex, Binance, DDEX, Ethfinex.
Article by SixJupiter
