OmiseGo Price Update
At the time of this writing, OmiseGo has a price of $0.6165 USD, which puts it up by approximately 2.92% from yesterday. OmiseGo enters the day 7.13% above its 20 day moving average, and is experiencing its the 4th straight day up. From another vantage point, note that price has gone up 4 of the past 5 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 445.34% greater than its 7 day average volume.
Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for OmiseGo imply the currency may oscillate between $0.528035 and $0.622905, based on how price has behaved in the two weeks prior. 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 $87 million US dollars.
Update on Transactions and Holders
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. 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?
And in regards to wealth distribution, note that the top 1,000 OmiseGo wallets hold over 78.47% of the token’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 11.92% of the currency’s money supply. Exchange ownership grew by 0.09% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.11% over that time period.
Article by SixJupiter
