OmiseGo: What’s the Latest Regarding its Price?
At the time of this writing, OmiseGo has a price of $0.581 USD, which puts it up by approximately 7.04% from yesterday. OmiseGo is currently in a down, but it should be noted that this is now the the 4th day in a row that price has been up. Moreover, OmiseGo is now 15.76% below its 20 day moving average. To help contextualize yesterday’s price move, we can observe that price has rallied 8 of the past 14 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 75.82% less 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 $0.359436 and $1.019984, based on how price has behaved in the two weeks prior. 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 $82M US dollars.
Daily Engagement Metrics Update
Over the past 24 hours, NA transfers have been added to the blockchain recording transactions amongst holders of OmiseGo. 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?
And in regards to wealth distribution, note that the top 1,000 OmiseGo wallets hold over 78.62% 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 12.01% of the currency’s total money supply. Exchange ownership grew by -0.17% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.19% over that time period.
Article by SixJupiter
