Price Action
Since last week, OmiseGo’s price went up by 4.55%. It is below its 20 day moving average by 6.91%, 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. Regarding volatility, OmiseGo is more volatile than roughly 61% of coins in our index, so traders can expect a bit more volatility than usual. Based on volatility over the past three weeks, we can expect OmiseGo to experience a price range in US dollars between 1.411978 and $2.047022.
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 256,092 and 1,222,247. In the three weeks prior, the trend in volume does not have a clear direction, while the price trend is clearly down. Over the past week, OmiseGO saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 0.56%. This turnover rate is higher than approximately 25% 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
OmiseGo saw the number of wallets holding its coin go from 652,275 to 652,190 over the past week — a change of -0.01%. And in regards to cumulative transactions logged on the blockchain, they went from 2,238,812 to 2,253,312, which amounts to a change of 0.65%. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of OmiseGo is thus at 0.64% which, relatively speaking, is ahead of 25.00% of the cryptocurrencies we’re tracking. 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 4.67 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 repos now have 649 which is about average compared to other similar coins; that’s more than approximately 56 % of coins in its index. The coin has 57 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 57% 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.
OmiseGO: eWallet 1.2 version pre-release, EDCON 2019 recap, Vansa to represent OmiseGO
OmiseGO, three months on: choosing, navigating and shaping a l
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
