OmiseGo Price Update
OmiseGo’s current price, at the time of this writing, is $0.5299 USD, up by approximately 0.97% from the day prior. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 18.84% below its 20 day moving average, and is currently in a down trend over the past 14 days. To help contextualize yesterday’s price move, we can observe that price has rallied 6 of the past 10 days. Another data point we may find worthy of observation is that price for OmiseGo has increased 6 of the previous 10 days.
In terms of an expected trading range, the Bollinger bands on OmiseGo suggest price may bounce between $0.396138 and $0.909612 based on its momentum and volatility over the past 14 days. 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 $74 million US dollars.
Straight Off the Chain
Yesterday saw NA transfers 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.
Observing OmiseGo’s Richest Wallets
And in regards to wealth distribution, note that the top 1,000 OmiseGo wallets hold over 78.63% of the token’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 12.06% 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 0.06%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.13%.
Article by SixJupiter
