Price Action
Since last week, OmiseGo’s price went up by 14.04%. It is above its 20 day moving average by 8.24%, so it’s somewhat away. OmiseGo’s bullish momentum, determined by its distance from its 20 day moving average, is roughly middle-of-the-pack relative to the cryptos we’re tracking. Now when considering volatility, OmiseGo is more prone to sizable price moves than 52% of coins in our index, so it’s volatilty is about what you’d expect for a cryptocurrency in our index. Based on volatility over the past three weeks, we can expect OmiseGo to experience a price range in US dollars between 1.433846 and $2.169154.
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 104,770.3 and 5,579,427 units of its own currency. Over the past three weeks, the trend in volume is not clear, though price is marching upwards. OmiseGO experienced a turnover rate of about 1.59% over the past week, which means that is the percent of its available money supply that is traded daily. Its turnover rate is more than approximately 38.14% of the cryptocurrencies in our index, 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 652,398 to 652,853 over the past week — a change of 0.07%. As for overall transactions, they increased from 2,258,917 to 2,270,713 — an increase of 0.52%. This translates to a combined engagement growth rate of 0.59% for OmiseGo — which is higher than 25.71% of the cryptocurrencies we’re reporting on. One interpretation of this may be that its change in engagement is below average, at least on a percentage basis.
Technology Development Status
OmiseGO currently has 30 public repos on GitHub, with the oldest one clocking in at 4.71 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 public repositories collectively have a total of 658 watchers, which is about average compared to other similar coins; that’s more than approximately 60 % of coins in its index. The coin has 58 total outstanding issues across all 30 of its public repositories on GitHub. Relative 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
Over the past week, we found 3 links about OmiseGO that we found especially interesting. Where available, we included a snippet of the article that we thought might be interesting.
The future we look forward to – OMGPool
Excerpt:
OMG Pool is the largest community-driven staking pool for the OmiseGo (OMG) token….We believe that by staking our OMG tokens, we provide a service to the network by validating transactions through consensus, and get paid to do so.
AMA 23: OmiseGO x Hoard – OmiseGO
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
