Price Action
Over the past week, OmiseGo saw its price go down by -41.4%. It is below its 20 day moving average by 35.23%, so it’s very far away. OmiseGo’s bullish momentum, determined 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. Regarding volatility, OmiseGo is more volatile than roughly 82% 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 1.633481 and $3.029219.
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 275,696.2 and 2,607,774 units of its own currency. In the three weeks prior, both price and volume have been declining. The past 7 days saw OmiseGO’s trading turnover — meaning the percentage of its available supply that was traded — come in at 1.22%. This turnover rate is higher than approximately 47.06% of the cryptocurrencies we monitor, which means it’s middle-of-the-pack; investors/traders may thus wish to consider their liquidity requirements to make sure the coin matches their needs and their expected trading volume.
Engagement Update
Over the past week, OmiseGo saw its holders go from 652,715 to 653,124, an increase of 0.06%. And in regards to cumulative transactions logged on the blockchain, they went from 2,342,925 to 2,356,247, which amounts to a change of 0.57%. OmiseGo’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 0.63% which puts it ahead of 67.33% of the coins in our index. This growth rate suggests the coin’s engagement is growing at an above average rate.
Technology Development Status
OmiseGO currently has 30 public repositories on GitHub, with the oldest one now 4.79 years young. The last recorded update to its public repositories was within the past week which is not bad, as the coin is still being updated routinely. OmiseGO’s repos that are visible to the public collectively have 644 watchers — specifically, that’s more than 61 % of the top 100 coins we’re looking at. The coin has 57 issues reported across its public repositories. Its number of watchers, when viewed against 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 54% of similar coins in our index.
OmiseGO News and Commentary
Over the past week, we found one link about OmiseGO that we thought was particularly interesting. If possible we included a brief excerpt from the article — be sure to click through for the entire piece.
OmiseGO: The public alpha of Samrong, Go.Exchange is live and open for public signups,
Key Extract:
OmiseGo community continues to grow, there is a slight increase in the number of subscribers of OmiseGo social media channels these weeks.
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
