March 28, 2020: OmiseGo (OMG): Down 3.06%; 2nd Consecutive Down Day


How Did OmiseGo’s Price Fare Yesterday?

OmiseGo is down by approximately 3.06% from the previous day, with its price currently hovering around $0.4905 USD. This marked the the 2nd day in a row OmiseGo has been down; it is still in a unclear trend, and is currently 8.59% below its 20 day moving average; staying above this level may be critical to sustain short-term momentum. To help contextualize yesterday’s price move, we can observe that price has rallied 15 of the past 30 days. Another data point we may find worthy of observation is that price for OmiseGo has increased 15 of the previous 30 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 $0.477699 and $0.595531. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.

As for OmiseGo’s market cap, it is currently at about $69M US dollars.

Daily Engagement Metrics Update

Over the past 24 hours, NA transfers have been added to the blockchain recording transactions amongst holders of OmiseGo. 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.

Observing OmiseGo’s Richest Wallets

In terms of wealth concentration, the richest 1,000 wallets own 78.61% 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 12.34% 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 -0.03%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.53%.

Article by SixJupiter

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