How Did OmiseGo’s Price Fare Yesterday?
OmiseGo is down by approximately 6.26% from the previous day, with its price currently hovering around $0.5688 USD. OmiseGo enters the day 5.51% above its 20 day moving average, but is experiencing its the 2nd consecutive day down. Another data point we may find worthy of observation is that price for OmiseGo has increased 9 of the previous 14 days. And in terms of volume, yesterday’s price move ocurred on volume that was 72.66% 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 $0.450852 and $0.627388, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of 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 $79 million.
Straight Off the Chain
NA transactions amongst holders of OmiseGo occurred yesterday. 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 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.
Just How Rich are OmiseGo’s Richest Holders?
And in regards to wealth distribution, note that the top 1,000 OmiseGo wallets hold over 78.61% of the token’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 12% 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 -0.02% over that time period.
Article by SixJupiter
