OmiseGo: What’s the Latest Regarding its Price?
OmiseGo’s current price, at the time of this writing, is $0.6299 USD, up by approximately 4.98% from the day prior. This marked the the 2nd straight day OmiseGo has been up; it is still in an uptrend, and is currently 18.71% 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 9 of the previous 14 days. And in terms of volume, yesterday’s price move ocurred on volume that was 516.39% 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 $0.448152 and $0.613078, based on how price has behaved in the two weeks prior. 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 $88 million.
Straight Off the Chain
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. 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 78.65% 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 11.83% 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 0.01% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.59%.
Article by SixJupiter
