OmiseGo Price Update
OmiseGo’s current price, at the time of this writing, is $0.5594 USD, up by approximately 6.47% from the day prior. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 1.25% 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 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.
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 $0.496213 and $0.608777. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.
The currency’s market cap currently stands at $78 million US dollars.
Straight Off the Chain
NA transactions amongst holders of OmiseGo occurred yesterday. 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 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 78.59% of the money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 11.96% of the currency’s money supply. Exchange ownership grew by -0.05% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.07% over that time period.
Article by SixJupiter
