OmiseGo: What’s the Latest Regarding its Price?
OmiseGo’s current price, at the time of this writing, is $0.5307 USD, down by approximately 1.58% from the day prior. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 5.57% above its 20 day moving average, and is currently in a unclear trend over the past 14 days. To help contextualize yesterday’s price move, we can observe that price has rallied 17 of the past 30 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 536.1% greater than its 7 day average volume.
In terms of an expected trading range, the Bollinger bands on OmiseGo suggest price may bounce between $0.462833 and $0.542567 based on its momentum and volatility over the past 14 days. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.
The currency’s market cap currently stands at $75 million US dollars.
Update on Transactions and Holders
Yesterday saw NA transfers amongst holders of OmiseGo. Regarding a tally of holders, Yesterday saw OmiseGo’s wallet count 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.
How are the Strong Holders of OmiseGo Faring?
As for wealth distribution, the richest 1,000 wallets currently own 78.62% of the money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 12.25% of the currency’s money supply. Exchange ownership grew by -0.09% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.02% over that time period.
Article by SixJupiter
