OmiseGo Price Update
At the time of this writing, OmiseGo has a price of $0.5063 USD, which puts it down by approximately 4.8% from yesterday. OmiseGo is currently in a down, and it should be noted that this is now the the 2nd day in a row that price has been down. Moreover, OmiseGo is now 24.46% below its 20 day moving average. Another data point we may find worthy of observation is that price for OmiseGo has increased 7 of the previous 14 days. Another data point we may find worthy of observation is that price for OmiseGo has increased 7 of the previous 14 days.
As for OmiseGo’s expected trading range — as forecasted by the Bollinger bands indicator, which determines a range based on momentum and volatility over the past two weeks — is between $0.388821 and $0.951579. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
The currency’s market cap currently stands at $71 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 understand loyalty or repeat usage amongst holders of OmiseGo, we can note that there were NA wallets making a transaction yesterday, while NA wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about NA.
How are the Strong Holders of OmiseGo Faring?
In terms of wealth concentration, the richest 1,000 wallets own 78.64% of the coin’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 11.81% 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 0.08%; 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
