How Did OmiseGo’s Price Fare Yesterday?
OmiseGo’s current price, at the time of this writing, is $0.6177 USD, up by approximately 2.86% from the day prior. This marked the the 3rd day in a row OmiseGo has been up; it is still in an uptrend, and is currently 15.92% 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 18 of the past 30 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 519.94% 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 $0.449159 and $0.616621, based on how price has behaved in the two weeks prior. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.
The currency’s market cap currently stands at $87 million US dollars.
Update on Transactions and Holders
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.
How are the Strong Holders of OmiseGo Faring?
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 11.89% 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 0.03%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.47%.
Article by SixJupiter
