OmiseGo: What’s the Latest Regarding its Price?
At the time of this writing, OmiseGo has a price of $0.5542 USD, which puts it down by approximately 0.84% from yesterday. This marked the the 2nd consecutive day OmiseGo has been down; it is still in a unclear trend, and is currently 0.81% above 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 5 of the past 10 days. Another data point we may find worthy of observation is that price for OmiseGo has increased 5 of the previous 10 days.
In terms of an expected trading range, the Bollinger bands on OmiseGo suggest price may bounce between $0.495999 and $0.603531 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.
As for OmiseGo’s market cap, it is currently at about $77M US dollars.
Daily Engagement Metrics Update
Over the past 24 hours, NA transfers have been added to the blockchain recording transactions amongst holders of OmiseGo. Regarding a tally of holders, Yesterday saw OmiseGo’s wallet count NA by NA. In terms of recurring usage, we can note that NA wallets have sent or received coins in the past month, while NA have in the past day.
How are the Strong Holders of OmiseGo Faring?
As for wealth distribution, the richest 1,000 wallets currently own 78.58% 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 11.84% 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 -0.07% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.01%.
Article by SixJupiter
