How Did OmiseGo’s Price Fare Yesterday?
At the time of this writing, OmiseGo has a price of $0.7151 USD, which puts it down by approximately 0.39% from yesterday. OmiseGo enters the day 9.96% above its 20 day moving average, but is experiencing its the 4th day in a row down. From another vantage point, note that price has gone up 8 of the past 14 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 489.01% greater than its 7 day average volume.
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 $0.526076 and $0.774554. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading 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 $101 million.
Daily Engagement Metrics Update
NA transactions amongst holders of OmiseGo occurred yesterday. 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 78.53% 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 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%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.03%.
Article by SixJupiter
