How Did OmiseGo’s Price Fare Yesterday?
OmiseGo’s current price, at the time of this writing, is $0.7428 USD, down by approximately 1.35% from the day prior. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in an up trend, and is currently 19.14% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. Another data point we may find worthy of observation is that price for OmiseGo has increased 3 of the previous 5 days. Another data point we may find worthy of observation is that price for OmiseGo has increased 3 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 $0.472586 and $0.774324, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.
The market capitalization of OmiseGo, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $104 million.
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.
Just How Rich are OmiseGo’s Richest Holders?
As for wealth distribution, the richest 1,000 wallets currently own 78.52% of the money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 11.88% 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 -0.11%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0%.
Article by SixJupiter
