Price Action
Over the past week, OmiseGo saw its price go up by 13.38%. It is below its 20 day moving average by 11.97%, so it’s somewhat away. OmiseGo’s bullish momentum, based on its distance from its 20 day moving average, is pretty far negative compared to the other coins we’re covering, and thus may be due for a correction upwards or some kind of a period of low volatility. Regarding volatility, OmiseGo is more volatile than roughly 89% 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 1.096628 and $2.792972.
Where to trade Omisego (symbol: OMG): Gate, Yobit, Stex, Binance, DDEX, Ethfinex
Volume Update
In the week prior, the daily volume for OmiseGO has ranged between 224,613 and 2,944,367 currency units. Looking back over past 21 days, the trend in volume does not have a clear direction, while the price trend is clearly down. OmiseGO experienced a turnover rate of about 0.98% over the past week, which means that is the percent of its available money supply that is traded daily. Its trading turnover percentage is higher than about 45% of the coins we’re tracking, so 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 653,124 to 653,569, an increase of 0.07%. And in regards to cumulative transactions logged on the blockchain, they went from 2,356,247 to 2,363,677, which amounts to a change of 0.32%. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of OmiseGo is thus at 0.39% which, relatively speaking, is ahead of 67.91% of the cryptocurrencies we’re tracking. One interpretation of this may be that the coin’s engagement is growing at an above average rate.
Technology Development Status
At the moment, OmiseGO has 30 repositories open to the public on GitHub, with the oldest one now being 4.81 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 655 watchers, which is pretty good, relatively speaking; specifically, that’s more than 63 % of the top 100 coins we’re looking at. The coin has 56 outstanding issues in the backlog awaiting to be addressed by the core development team. 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 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. If possible we included a brief excerpt from the article — be sure to click through for the entire piece.
The inevitability of blockchain and the digitalization o
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
