Price Action
In the week prior, the price for OmiseGo went up by 2.45%. It is above its 20 day moving average by 9.08%, so it’s slightly away. OmiseGo’s bullish momentum, if assessed 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. If volatility over the past three weeks is any indication of what’s to come, we can expect OmiseGo to bounce between 1.539568 and $2.292432 US dollars per coin.
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 224,917.7 and 3,274,023 currency units. In the three weeks prior, the trend in volume is not clear, though price is marching upwards. Over the past week, OmiseGO saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 1.11%. This turnover rate is higher than approximately 37.37% of the cryptocurrencies we monitor, which means 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 652,853 to 652,962 in the past week, marking a change of 0.02%. And in regards to cumulative transactions logged on the blockchain, they went from 2,270,713 to 2,278,036, which amounts to a change of 0.32%. This translates to a combined engagement growth rate of 0.34% for OmiseGo — which is higher than 25.00% 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 4.73 years young. Its last public update to any of its 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 662 watchers, which is about average compared to other similar coins; that’s more than approximately 58 % of coins in its index. The coin has 61 issues reported across its public repositories. 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 54% of similar coins in our index.
OmiseGO News and Commentary
Over the past week, we found 2 links about OmiseGO that we found especially interesting. Where available, we included a snippet of the article that we thought might be interesting.
Community Partner
Chris from HOARD – OmiseGO
Top 5 crypto coins to Buy in 2019 – Crytosonic
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
