OmiseGo: What’s the Latest Regarding its Price?
OmiseGo is up by approximately 1.46% from the previous day, with its price currently hovering around $0.6402 USD. OmiseGo enters the day 10.01% above its 20 day moving average, and is experiencing its the 6th straight day up. To help contextualize yesterday’s price move, we can observe that price has rallied 20 of the past 30 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 406.48% 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 $0.515033 and $0.648827, based on how price has behaved in the two weeks prior. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.
As for OmiseGo’s market cap, it is currently at about $90M US dollars.
Update on Transactions and Holders
Over the past 24 hours, NA transfers have been added to the blockchain recording transactions 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. In terms of recurring usage, we can note that NA wallets have sent or received coins in the past month, while NA have in the past day.
Just How Rich are OmiseGo’s Richest Holders?
As for wealth distribution, the richest 1,000 wallets currently own 78.61% of the 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 11.9% of the currency’s total money supply. Exchange ownership grew by 0.07% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.04% over that time period.
Article by SixJupiter
