OmiseGo: What’s the Latest Regarding its Price?
At the time of this writing, OmiseGo has a price of $0.4549 USD, which puts it up by approximately 3.29% from yesterday. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a down trend, and is currently 38.39% below its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. To help contextualize yesterday’s price move, we can observe that price has rallied 8 of the past 14 days. Another data point we may find worthy of observation is that price for OmiseGo has increased 8 of the previous 14 days.
In terms of an expected trading range, the Bollinger bands on OmiseGo suggest price may bounce between $0.32544 and $1.15138 based on its momentum and volatility over the past 14 days. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.
As for OmiseGo’s market cap, it is currently at about $64M US dollars.
Daily Engagement Metrics Update
NA transactions amongst holders of OmiseGo occurred yesterday. Regarding a tally of holders, Yesterday saw OmiseGo’s wallet count NA by 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 78.62% of the coin’s total money supply. If we focus on exchanges, which may be an correlated with liquidity and greater confidence in the currency, the exchange wallets that are in the top 1,000 wallets own 12.03% of the currency’s total money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by 0.1% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -1.04%.
Article by SixJupiter
