OmiseGo OMG Increases Three Consecutive Days: Analysis

OmiseGo OMG increases for three consecutive days and at the time of writing, OMG has a price of $0.5817 USD which means it increased 0.28% from yesterday. This remarks a third consecutive day that the OmiseGo OMG price has been increasing. Let’s read more about the price analysis in the following crypto news.

The data shows that the price for OmiseGo has increased 8 percent of the previous 14 days and in regards to volume, the price of yesterday occurred when the volume was standing at 429% bigger than the 7-day volume. The traders are looking within a range to trade and wish to note that the Bollinger Bands indicator for OmiseGo OMG implies that the cryptocurrency could oscillate between $0.53544 and $0.607556 based on how the price was reacting in the previous two weeks. Within the boundaries, the traders could find it comforting to entertain shorting as they are getting closer to the top range.

The market capitalization of OmiseGo is now estimated at $82 million. The NA transactions among the holders of the coin occurred yesterday as well and the wallet count was NA by NA. In terms of usage, we can see that the NA wallets have sent and received coins in the past month while NA has only the previous day.

In regards to the wealth distribution, the top 1000 OmiseGo wallets hold more than 78% of the total money supply of the coin. If we only look at exchanges that can be confidence correlated with liquidity and confidence in the OMG cryptocurrency, the exchange wallets that are in the top 1000 wallets own 11.99 percent of the entire money supply. The week over week growth rate in the total supply of the top 1000 wallets changed by -0.1 percent. The share of the total supply owned by the exchange wallets changed by 0.03%.

As per the altcoin news from our website, The San Francisco based Kraken exchange announced that it is listing OmiseGo (OMG) and PAX Gold (PAXG) as the new tokens on its platform. The Kraken exchange will also roll out trading pairs between OMG and PAXG and Bitcoin (BTC) and Ether (ETH), as well as with fiat currencies including the Euro and the US dollar.