March 26, 2020: OmiseGo (OMG): Up 1.4%

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OmiseGo: What’s the Latest Regarding its Price?

At the time of this writing, OmiseGo has a price of $0.5135 USD, which puts it up by approximately 1.4% from yesterday. The up day for OmiseGo yesterday was a reversal from the day before it, which puts its price at 9.92% below its 20 day moving average. Over the past two weeks, price has been in an up trend. Another data point we may find worthy of observation is that price for OmiseGo has increased 8 of the previous 14 days. And in terms of volume, yesterday’s price move ocurred on volume that was 550.27% greater than its 7 day average volume.

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 $0.510128 and $0.629982. 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 $72 million US dollars.

Update on Transactions and Holders

NA transactions amongst holders of OmiseGo occurred yesterday. Regarding a tally of holders, Yesterday saw OmiseGo’s wallet count NA by 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 78.6% 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 12.34% of the currency’s total money supply. Exchange ownership grew by 0.29% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.05% over that time period.

Article by SixJupiter

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