Price Action
Over the past week, OmiseGo saw its price go down by -22.22%. It is below its 20 day moving average by 21.53%, so it’s very far away. OmiseGo’s bullish momentum, if assessed by its distance from its 20 day moving average, is among the worst compared to other cryptocurrencies, and thus may indicate the coin has swung too far and too fast — and may thus be due for consolidation or a bullish correction. In terms of volatility, OmiseGo exhibits greater price volatility than approximately 83% of coins in our index, so bear that in mind if you decide to trade it. Based on volatility over the past three weeks, we can expect OmiseGo to experience a price range in US dollars between 1.475452 and $2.449548.
Where to trade Omisego (symbol: OMG): Gate, Yobit, Stex, Binance, DDEX, Ethfinex
Volume Update
Over the past week, OmiseGO saw its daily volume range between 480,642.8 and 2,418,578 units of its own currency. Looking back over past 21 days, the trend in volume does not have a clear direction, while the price trend is clearly down. The past 7 days saw OmiseGO’s trading turnover — meaning the percentage of its available supply that was traded — come in at 0.88%. Its trading turnover percentage is higher than about 27.84% of the coins we’re tracking, so it’s below average, and so there may be some risk that traders/investors have difficulty in getting in and out of positions.
Engagement Update
The number of wallets holding OmiseGo went from 652,068 to 652,275 in the past week, marking a change of 0.03%. As for overall transactions, they increased from 2,234,052 to 2,238,812 — an increase of 0.21%. OmiseGo’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 0.24% which puts it ahead of 29.41% of the coins in our index. This growth rate suggests its change in engagement is below average, at least on a percentage basis.
Technology Development Status
OmiseGO currently has 30 public repositories on GitHub, with the oldest one now 4.64 years young. Its last public update to any of its repositories was within the past day, which is pretty good, as it suggests the coin is still under active and rapid technical development. OmiseGO’s public repositories collectively have a total of 647 watchers, which is about average compared to other similar coins; that’s more than approximately 57 % of coins in its index. The coin has 57 outstanding issues in the backlog awaiting to be addressed by the core development team. In comparison to the number of watchers it has, though, its open issues count is fairly mediocre. We consider the GitHub open issue/watcher ratio as a potential indicator of the healthiness of a coin’s software development process, and for OmiseGO we see that its issue/watcher ratio looks healthier than 56% of similar coins in our index.
OmiseGO News and Commentary
The top theme being discussed about OmiseGO in the past week is listed below. Where available, we included a snippet of the article that we thought might be interesting.
Community Program — Pong Cheecharern (ODP) – OmiseGO
Key Extract:
Pong, Product Manager at OmiseGO is the person behind the OmiseGO Developer Program (ODP).
Where to Buy
You can trade Omisego, listed under the symbol OMG, through the following exchanges: Gate, Yobit, Stex, Binance, DDEX, Ethfinex.
Article by SixJupiter
