OmiseGo: What’s the Latest Regarding its Price?
OmiseGo’s current price, at the time of this writing, is $0.5731 USD, up by approximately 0.49% from the day prior. This marked the the 3rd straight day OmiseGo has been up; it is still in a unclear trend, and is currently 2.15% above its 20 day moving average; staying above this level may be critical to sustain short-term momentum. 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.
In terms of an expected trading range, the Bollinger bands on OmiseGo suggest price may bounce between $0.507101 and $0.614989 based on its momentum and volatility over the past 14 days. Price’s current proximity to the top of the range may make selling an attractive opportunity to traders interested in trading 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 $80 million.
Straight Off the Chain
Yesterday saw NA transfers amongst holders of OmiseGo. Regarding a tally of holders, Yesterday saw OmiseGo’s wallet count NA by 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.
Observing OmiseGo’s Richest Wallets
As for wealth distribution, the richest 1,000 wallets currently own 78.57% of the money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 11.81% of the currency’s money supply. Exchange ownership grew by -0.13% 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
