April 1, 2020: OmiseGo (OMG): Down 0.23%

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How Did OmiseGo’s Price Fare Yesterday?

At the time of this writing, OmiseGo has a price of $0.5138 USD, which puts it down by approximately 0.23% from yesterday. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 2.72% above its 20 day moving average, and is currently in a unclear trend over the past 14 days. From another vantage point, note that price has gone up 7 of the past 14 days. Another data point we may find worthy of observation is that price for OmiseGo has increased 7 of the previous 14 days.

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 $0.460874 and $0.539506, 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.

The currency’s market cap currently stands at $72 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 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?

And in regards to wealth distribution, note that the top 1,000 OmiseGo wallets hold over 78.62% of the token’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 12.36% 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 -0.02% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.04%.

Article by SixJupiter

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