OmiseGo: What’s the Latest Regarding its Price?
At the time of this writing, OmiseGo has a price of $0.6213 USD, which puts it down by approximately 0.32% from yesterday. The down day for OmiseGo yesterday was a reversal from the day before it, which puts its price at 15.56% above its 20 day moving average. Over the past two weeks, price has been in an up trend. 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.
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 $0.44343 and $0.63186, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.
As for OmiseGo’s market cap, it is currently at about $87M US dollars.
Update on Transactions and Holders
NA transactions amongst holders of OmiseGo occurred yesterday. 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.
How are the Strong Holders of OmiseGo Faring?
As for wealth distribution, the richest 1,000 wallets currently own 78.66% of the money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 12% 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 -0.25%.
Article by SixJupiter
