OmiseGo: What’s the Latest Regarding its Price?
OmiseGo’s current price, at the time of this writing, is $0.5602 USD, up by approximately 1.3% from the day prior. This marked the the 5th consecutive day OmiseGo has been up; it is still in a unclear trend, and is currently 10.21% 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 7 of the past 10 days. Another data point we may find worthy of observation is that price for OmiseGo has increased 7 of the previous 10 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 $0.458016 and $0.558544. 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 $78 million.
Update on Transactions and Holders
Yesterday saw NA transfers amongst holders of OmiseGo. As for the number of holders, yesterday saw the number of wallets holding OmiseGo NA by 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.
How are the Strong Holders of OmiseGo Faring?
In terms of wealth concentration, the richest 1,000 wallets own 78.63% of the coin’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 12.08% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by 0.03% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.23%.
Article by SixJupiter
