Price Action
In the week prior, the price for OmiseGo went up by 10.42%. It is above its 20 day moving average by 12.96%, so it’s somewhat away. OmiseGo’s bullish momentum, if assessed by its distance from its 20 day moving average, is above average relative to our index of cryptocurrencies. Now when considering volatility, OmiseGo is more prone to sizable price moves than 37% of coins in our index, so it’s notably less volatile than the other cryptocurrencies we’re monitoring. Based on volatility over the past three weeks, we can expect OmiseGo to experience a price range in US dollars between 1.858006 and $2.308094.
Where to trade Omisego (symbol: OMG): Gate, Yobit, Stex, Binance, DDEX, Ethfinex
Volume Update
In the span of the preceding 7 days, OmiseGO’s daily volume, in terms of its own unit of currency, has fluctuated between 378,027.5 and 2,578,092. Looking back over past 21 days, the trend in volume is not clear, though price is marching upwards. The past 7 days saw OmiseGO’s trading turnover — meaning the percentage of its available supply that was traded — come in at 0.68%. Its trading turnover percentage is higher than about 29% 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
OmiseGo saw the number of wallets holding its coin go from 651,964 to 651,965 over the past week — a change of 0.00%. And in regards to cumulative transactions logged on the blockchain, they went from 2,305,134 to 2,318,243, 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 0.57% which puts it ahead of 30.30% 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
At the moment, OmiseGO has 30 repositories open to the public on GitHub, with the oldest one now being 4.81 years young. Its most recent public update was within the past week which is not bad, as the coin is still being updated routinely. OmiseGO’s public repos now have 665 which is about average compared to other similar coins; that’s more than approximately 59 % of coins in its index. The coin has 61 total outstanding issues across all 30 of its public repositories on GitHub. 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 52% of similar coins in our index.
OmiseGO News and Commentary
The top 2 themes being discussed about OmiseGO in the past week are listed below. If available, we added an excerpt from the article to help give a taste of what it is about.
Cryptocurrency — what happens next? A personal account of where we’ve been and where we’re
Community Partner — MVL – OmiseGO
Snippet:
They are also using data to ensure quality services in insurance, convenient transportation services, and to create fair prices in the used car market. Q: Could you tell us about MVL, how you started and what MVL is all about? A: Mass Vehicle Ledger (“MVL”) is a connected mobility ecosystem based on transparent and trustworthy data that is recorded through our incentive blockchain protocol. MVL enables data from the various lifecycle of a car to be collected and recorded on the blockchain.
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
