How Did OmiseGo’s Price Fare Yesterday?
OmiseGo is up by approximately 0.46% from the previous day, with its price currently hovering around $0.5662 USD. OmiseGo enters the day 1.89% above its 20 day moving average, and is experiencing its the 2nd straight day up. 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 523.93% 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 $0.501016 and $0.610354. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top of 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 $79 million.
Straight Off the Chain
NA transactions amongst holders of OmiseGo occurred yesterday. 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.
Just How Rich are OmiseGo’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 78.58% of the coin’s total 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 11.83% of the currency’s total money supply. Exchange ownership grew by -0.17% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.03% over that time period.
Article by SixJupiter
