OmiseGo: What’s the Latest Regarding its Price?
OmiseGo is down by approximately 12.68% from the previous day, with its price currently hovering around $0.431 USD. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a down trend, and is currently 43.14% below its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. From another vantage point, note that price has gone up 7 of the past 14 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 422.57% greater than its 7 day average volume.
In terms of an expected trading range, the Bollinger bands on OmiseGo suggest price may bounce between $0.35192 and $1.1642 based on its momentum and volatility over the past 14 days. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
As for OmiseGo’s market cap, it is currently at about $60M US dollars.
Straight Off the Chain
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.
Just How Rich are OmiseGo’s Richest Holders?
And in regards to wealth distribution, note that the top 1,000 OmiseGo wallets hold over 78.59% of the token’s total money supply. If we focus on exchanges, which may be an correlated with liquidity and greater confidence in the currency, the exchange wallets that are in the top 1,000 wallets own 12.12% of the currency’s total money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by 0.06%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.98%.
Article by SixJupiter
