OmiseGo Price Update
OmiseGo is up by approximately 0.36% from the previous day, with its price currently hovering around $0.5544 USD. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 0.57% above its 20 day moving average, and is currently in a unclear trend over the past 14 days. From another vantage point, note that price has gone up 18 of the past 30 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 545.97% greater than its 7 day average volume.
As for OmiseGo’s expected trading range — as forecasted by the Bollinger bands indicator, which determines a range based on momentum and volatility over the past two weeks — is between $0.499349 and $0.603201. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.
The currency’s market cap currently stands at $78 million 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. As for the number of holders, yesterday saw the number of wallets holding OmiseGo 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?
And in regards to wealth distribution, note that the top 1,000 OmiseGo wallets hold over 78.59% of the token’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 11.78% 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 -0.05%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.11%.
Article by SixJupiter
