How Did OmiseGo’s Price Fare Yesterday?
At the time of this writing, OmiseGo has a price of $0.6718 USD, which puts it up by approximately 0.27% from yesterday. OmiseGo enters the day 13.6% above its 20 day moving average, and is experiencing its the 2nd day in a row up. To help contextualize yesterday’s price move, we can observe that price has rallied 8 of the past 10 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 466.68% 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 $0.50341 and $0.67935, based on how price has behaved in the two weeks prior. 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
NA transactions amongst holders of OmiseGo occurred yesterday. 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?
In terms of wealth concentration, the richest 1,000 wallets own 78.55% of the coin’s total 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 12.1% of the currency’s money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by 0.06%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.24%.
Article by SixJupiter
