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April 5, 2020: OmiseGo (OMG): Down 0.63% – CryptoCoin.News


How Did OmiseGo’s Price Fare Yesterday?

At the time of this writing, OmiseGo has a price of $0.5519 USD, which puts it down by approximately 0.63% from yesterday. The down day for OmiseGo yesterday was a reversal from the day before it, which puts its price at 6.91% above its 20 day moving average. Over the past two weeks, price has been in an up trend. Another data point we may find worthy of observation is that price for OmiseGo has increased 6 of the previous 10 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 502.43% greater than its 7 day average volume.

As for OmiseGo’s expected trading range — as forecasted by the Bollinger bands indicator, which determines a range based on momentum and volatility over the past two weeks — is between $0.466512 and $0.565988. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.

The currency’s market cap currently stands at $78 million US dollars.

Straight Off the Chain

Over the past 24 hours, NA transfers have been added to the blockchain recording transactions amongst holders of OmiseGo. In terms of estimating the number of holders, over the past day the total number of wallets holding OmiseGo has gone NA by approximately NA. To understand loyalty or repeat usage amongst holders of OmiseGo, we can note that there were NA wallets making a transaction yesterday, while NA wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about NA.

Just How Rich are OmiseGo’s Richest Holders?

And in regards to wealth distribution, note that the top 1,000 OmiseGo wallets hold over 78.65% of the token’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 11.85% of the currency’s money supply. Exchange ownership grew by -0.49% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.04% over that time period.

Article by SixJupiter



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