OmiseGo: What’s the Latest Regarding its Price?
OmiseGo is down by approximately 0.93% from the previous day, with its price currently hovering around $0.5569 USD. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 2.11% above its 20 day moving average, and is currently in an up trend over the past 14 days. 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 519.27% greater than its 7 day average volume.
In terms of an expected trading range, the Bollinger bands on OmiseGo suggest price may bounce between $0.477393 and $0.613427 based on its momentum and volatility over the past 14 days. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading 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 $78 million.
Daily Engagement Metrics Update
Yesterday saw NA transfers amongst holders of OmiseGo. As for the number of holders, yesterday saw the number of wallets holding OmiseGo 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.
How are the Strong Holders of OmiseGo Faring?
As for wealth distribution, the richest 1,000 wallets currently own 78.6% 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 11.88% of the currency’s total money supply. Exchange ownership grew by 0.03% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.05% over that time period.
Article by SixJupiter
