OmiseGo Price Update
At the time of this writing, OmiseGo has a price of $0.7792 USD, which puts it down by approximately 1.8% from yesterday. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a unclear trend, and is currently 14.73% below 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 6 of the past 10 days. And in terms of volume, yesterday’s price move ocurred on volume that was 375.91% 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 $0.796646 and $1.030924, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
The currency’s market cap currently stands at $109 million US dollars.
Straight Off the Chain
Yesterday saw NA transfers amongst holders of OmiseGo. As for the number of holders, yesterday saw the number of wallets holding OmiseGo 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
As for wealth distribution, the richest 1,000 wallets currently own 78.53% of the money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 13.07% 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 0.04%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.3%.
Article by SixJupiter
