May 6, 2020: OmiseGo (OMG): Down 0.2%; 5th Straight Down Day


OmiseGo: What’s the Latest Regarding its Price?

OmiseGo’s current price, at the time of this writing, is $0.7064 USD, down by approximately 0.2% from the day prior. OmiseGo is currently in an up, but it should be noted that this is now the the 5th straight day that price has been down. Moreover, OmiseGo is now 7.5% above its 20 day moving average. To help contextualize yesterday’s price move, we can observe that price has rallied 3 of the past 10 days. Another data point we may find worthy of observation is that price for OmiseGo has increased 3 of the previous 10 days.

In terms of an expected trading range, the Bollinger bands on OmiseGo suggest price may bounce between $0.548611 and $0.765569 based on its momentum and volatility over the past 14 days. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.

As for OmiseGo’s market cap, it is currently at about $99M 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. Regarding a tally of holders, Yesterday saw OmiseGo’s wallet count NA by NA. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at NA, with NA wallets making a transfer this past day and NA wallets having made a transfer in the past month.

How are the Strong Holders of OmiseGo Faring?

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 11.87% of the currency’s money supply. Exchange ownership grew by -0.23% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.02% over that time period.

Article by SixJupiter

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