OmiseGo Price Update
OmiseGo is up by approximately 1.08% from the previous day, with its price currently hovering around $0.5618 USD. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in an up trend, and is currently 3.54% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. Another data point we may find worthy of observation is that price for OmiseGo has increased 18 of the previous 30 days. Another data point we may find worthy of observation is that price for OmiseGo has increased 18 of the previous 30 days.
In terms of an expected trading range, the Bollinger bands on OmiseGo suggest price may bounce between $0.458634 and $0.626546 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 $79 million US dollars.
Straight Off the Chain
NA transactions amongst holders of OmiseGo occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding OmiseGo 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.
Observing OmiseGo’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 78.6% of the coin’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 11.94% 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 -0.06% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.11%.
Article by SixJupiter
