March 25, 2020: OmiseGo (OMG): Down 0.55%

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OmiseGo Price Update

At the time of this writing, OmiseGo has a price of $0.5277 USD, which puts it down by approximately 0.55% from yesterday. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 10.96% below its 20 day moving average, and is currently in a unclear trend over the past 14 days. To help contextualize yesterday’s price move, we can observe that price has rallied 2 of the past 5 days. Another data point we may find worthy of observation is that price for OmiseGo has increased 2 of the previous 5 days.

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 $0.517097 and $0.668193, 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.

The currency’s market cap currently stands at $74 million US dollars.

Daily Engagement Metrics Update

NA transactions amongst holders of OmiseGo occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding OmiseGo NA by NA. In terms of recurring usage, we can note that NA wallets have sent or received coins in the past month, while NA have in the past day.

Just How Rich are OmiseGo’s Richest Holders?

And in regards to wealth distribution, note that the top 1,000 OmiseGo wallets hold over 78.64% of the token’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 12.4% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by 0.01% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.37%.

Article by SixJupiter

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