OmiseGo Price Update
OmiseGo is down by approximately 3.89% from the previous day, with its price currently hovering around $0.5458 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 0.17% below its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. To help contextualize yesterday’s price move, we can observe that price has rallied 9 of the past 14 days. Another data point we may find worthy of observation is that price for OmiseGo has increased 9 of the previous 14 days.
In terms of an expected trading range, the Bollinger bands on OmiseGo suggest price may bounce between $0.485111 and $0.608329 based on its momentum and volatility over the past 14 days. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
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 $76 million.
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. 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.
How are the Strong Holders of OmiseGo Faring?
In terms of wealth concentration, the richest 1,000 wallets own 78.59% of the coin’s total money supply. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 11.86% of the currency’s money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.04%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.04%.
Article by SixJupiter
