OmiseGo: What’s the Latest Regarding its Price?
OmiseGo is up by approximately 2.53% from the previous day, with its price currently hovering around $0.576 USD. OmiseGo enters the day 1.13% above its 20 day moving average, and is experiencing its the 2nd consecutive day up. To help contextualize yesterday’s price move, we can observe that price has rallied 5 of the past 10 days. And in terms of volume, yesterday’s price move ocurred on volume that was 93.59% less 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 $0.528187 and $0.610963, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top of the range.
As for OmiseGo’s market cap, it is currently at about $81M US dollars.
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
In terms of wealth concentration, the richest 1,000 wallets own 78.49% of the coin’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 11.86% of the currency’s money supply. Exchange ownership grew by 0.08% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.1% over that time period.
Article by SixJupiter
