April 6, 2020: OmiseGo (OMG): Up 4.84%

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OmiseGo: What’s the Latest Regarding its Price?

OmiseGo is up by approximately 4.84% from the previous day, with its price currently hovering around $0.5693 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 9.27% 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 7 of the previous 10 days. And in terms of volume, yesterday’s price move ocurred on volume that was 508.83% 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 $0.468115 and $0.573845, 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 $80 million.

Update on Transactions and Holders

Yesterday saw NA transfers amongst holders of OmiseGo. Regarding a tally of holders, Yesterday saw OmiseGo’s wallet count NA by 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

In terms of wealth concentration, the richest 1,000 wallets own 78.63% 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 11.82% of the currency’s money supply. Exchange ownership grew by -0.55% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.01% over that time period.

Article by SixJupiter

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