OmiseGo: What’s the Latest Regarding its Price?
At the time of this writing, OmiseGo has a price of $0.5803 USD, which puts it up by approximately 0.28% from yesterday. The up day for OmiseGo yesterday was a reversal from the day before it, which puts its price at 1.97% above its 20 day moving average. Over the past two weeks, price has been in a unclear trend. From another vantage point, note that price has gone up 8 of the past 14 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 435.04% 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 $0.517691 and $0.620529. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.
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 $81 million.
Update on Transactions and Holders
Over the past 24 hours, NA transfers have been added to the blockchain recording transactions amongst holders of OmiseGo. 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. 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?
As for wealth distribution, the richest 1,000 wallets currently own 78.6% of the money supply. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 11.83% of the currency’s money supply. Exchange ownership grew by -0.03% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0% over that time period.
Article by SixJupiter
