OmiseGo: What’s the Latest Regarding its Price?
OmiseGo’s current price, at the time of this writing, is $0.6849 USD, down by approximately 6.32% from the day prior. OmiseGo is currently in an up, but it should be noted that this is now the the 3rd consecutive day that price has been down. Moreover, OmiseGo is now 7.15% above its 20 day moving average. To help contextualize yesterday’s price move, we can observe that price has rallied 17 of the past 30 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 525.15% greater than its 7 day average volume.
In terms of an expected trading range, the Bollinger bands on OmiseGo suggest price may bounce between $0.502361 and $0.775999 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.
As for OmiseGo’s market cap, it is currently at about $96M 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.
Observing OmiseGo’s Richest Wallets
And in regards to wealth distribution, note that the top 1,000 OmiseGo wallets hold over 78.53% 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 11.89% of the currency’s total money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.02% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.02%.
Article by SixJupiter
