OmiseGo: What’s the Latest Regarding its Price?
At the time of this writing, OmiseGo has a price of $0.6745 USD, which puts it up by approximately 2.2% from yesterday. This marked the the 7th straight day OmiseGo has been up; it is still in an uptrend, and is currently 14.98% above its 20 day moving average; staying above this level may be critical to sustain short-term momentum. To help contextualize yesterday’s price move, we can observe that price has rallied 20 of the past 30 days. Another data point we may find worthy of observation is that price for OmiseGo has increased 20 of the previous 30 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 $0.499878 and $0.673362. 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 $94 million.
Daily Engagement Metrics Update
Yesterday saw NA transfers 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.
Observing OmiseGo’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 78.55% of the coin’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 11.91% 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 -0.05% over that time period.
Article by SixJupiter
