OmiseGo: What’s the Latest Regarding its Price?
OmiseGo is up by approximately 5.46% from the previous day, with its price currently hovering around $0.4966 USD. The up day for OmiseGo yesterday was a reversal from the day before it, which puts its price at 36.85% 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 2 of the previous 5 days. And in terms of volume, yesterday’s price move ocurred on volume that was 493.28% 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 $0.405026 and $1.167664, based on how price has behaved in the two weeks prior. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
The market capitalization of OmiseGo, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $69 million.
Daily Engagement Metrics Update
NA transactions amongst holders of OmiseGo occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding OmiseGo has gone NA by approximately NA. To understand loyalty or repeat usage amongst holders of OmiseGo, we can note that there were NA wallets making a transaction yesterday, while NA wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about NA.
Just How Rich are OmiseGo’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 78.56% of the coin’s total money supply. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 12.19% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by 0.03% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -1%.
Article by SixJupiter
