OmiseGo Price Update
OmiseGo is down by approximately 4.19% from the previous day, with its price currently hovering around $0.7356 USD. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in an up trend, and is currently 21.55% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. Another data point we may find worthy of observation is that price for OmiseGo has increased 10 of the previous 14 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 52.52% less than its 7 day average volume.
In terms of an expected trading range, the Bollinger bands on OmiseGo suggest price may bounce between $0.473833 and $0.736507 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top of the range.
As for OmiseGo’s market cap, it is currently at about $103M US dollars.
Daily Engagement Metrics Update
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. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at NA, with NA wallets making a transfer this past day and NA wallets having made a transfer in the past month.
Observing OmiseGo’s Richest Wallets
And in regards to wealth distribution, note that the top 1,000 OmiseGo wallets hold over 78.52% of the token’s total money supply. If we focus on exchanges, which may be an correlated with liquidity and greater confidence in the currency, the exchange wallets that are in the top 1,000 wallets own 11.89% of the currency’s total 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 -0.1%.
Article by SixJupiter
