How Did OmiseGo’s Price Fare Yesterday?
OmiseGo is down by approximately 1.29% from the previous day, with its price currently hovering around $0.4732 USD. OmiseGo enters the day 24.84% below its 20 day moving average, and is experiencing its the 4th day in a row down. Another data point we may find worthy of observation is that price for OmiseGo has increased 6 of the previous 14 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 491.57% 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 $0.407379 and $0.851851, based on how price has behaved in the two weeks prior. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.
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 $66 million.
Straight Off the Chain
Yesterday saw NA transfers amongst holders of OmiseGo. 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.
Observing OmiseGo’s Richest Wallets
As for wealth distribution, the richest 1,000 wallets currently own 78.63% of the money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 12.1% 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 0.04% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.02%.
Article by SixJupiter
