March 24, 2020: OmiseGo (OMG): Up 5.87%; 2nd Consecutive Up Day

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How Did OmiseGo’s Price Fare Yesterday?

OmiseGo is up by approximately 5.87% from the previous day, with its price currently hovering around $0.5302 USD. OmiseGo is currently in a unclear , but it should be noted that this is now the the 2nd consecutive day that price has been up. Moreover, OmiseGo is now 13.44% below its 20 day moving average. Another data point we may find worthy of observation is that price for OmiseGo has increased 2 of the previous 5 days. And in terms of volume, yesterday’s price move ocurred on volume that was 501.75% 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 $0.452903 and $0.772107, based on how price has behaved in the two weeks prior. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.

As for OmiseGo’s market cap, it is currently at about $74M 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. 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?

In terms of wealth concentration, the richest 1,000 wallets own 78.64% of the coin’s total money supply. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 12.38% 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 0.02%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.35%.

Article by SixJupiter

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