May 11, 2020: OmiseGo (OMG): Down 3.33%; 3rd Straight Down Day

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OmiseGo Price Update

At the time of this writing, OmiseGo has a price of $0.6564 USD, which puts it down by approximately 3.33% from yesterday. OmiseGo enters the day 4.98% below its 20 day moving average, and is experiencing its the 3rd straight day down. Another data point we may find worthy of observation is that price for OmiseGo has increased 15 of the previous 30 days. Another data point we may find worthy of observation is that price for OmiseGo has increased 15 of the previous 30 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 $0.619221 and $0.762339, based on how price has behaved in the two weeks prior. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.

The currency’s market cap currently stands at $93 million US dollars.

Update on Transactions and Holders

Over the past 24 hours, NA transfers have been added to the blockchain recording transactions amongst holders of OmiseGo. In terms of estimating the number of holders, over the past day the total number of wallets holding OmiseGo has gone NA by approximately 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?

As for wealth distribution, the richest 1,000 wallets currently own 78.53% of the money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 12.06% 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 0.01%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.17%.

Article by SixJupiter

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