OmiseGo: What’s the Latest Regarding its Price?
OmiseGo’s current price, at the time of this writing, is $0.7679 USD, up by approximately 4.41% 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 24.77% above its 20 day moving average, and is currently in an up trend over the past 14 days. To help contextualize yesterday’s price move, we can observe that price has rallied 3 of the past 5 days. And in terms of volume, yesterday’s price move ocurred on volume that was 547.9% 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 $0.468665 and $0.762245, based on how price has behaved in the two weeks prior. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.
The currency’s market cap currently stands at $107 million US dollars.
Daily Engagement Metrics Update
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
As for wealth distribution, the richest 1,000 wallets currently own 78.51% of the 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 11.84% of the currency’s total money supply. Exchange ownership grew by -0.09% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.04% over that time period.
Article by SixJupiter
