OmiseGo Price Update
At the time of this writing, OmiseGo has a price of $0.8679 USD, which puts it down by approximately 2.68% from yesterday. The down day for OmiseGo yesterday was a reversal from the day before it, which puts its price at 22.58% below its 20 day moving average. Over the past two weeks, price has been in a down trend. Another data point we may find worthy of observation is that price for OmiseGo has increased 5 of the previous 14 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 412.14% greater than its 7 day average volume.
Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for OmiseGo imply the currency may oscillate between $0.861192 and $1.380778, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
As for OmiseGo’s market cap, it is currently at about $121M US dollars.
Straight Off the Chain
Over the past 24 hours, NA transfers have been added to the blockchain recording transactions amongst holders of OmiseGo. As for the number of holders, yesterday saw the number of wallets holding OmiseGo NA by NA. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at NA, with NA wallets making a transfer this past day and NA wallets having made a transfer in the past month.
Just How Rich are OmiseGo’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 78.49% of the coin’s total money supply.
Article by SixJupiter
