OMG Network

Last week’s (November 17 - November 23) irresolute OMG Network : the price moved up no more than 4%.

The upward movement of the OMG Network price last week indicates the chosen market is. The situation on the OMG market shows that the underlying asset is currently experiencing a period of medium volatility. There has been a fall in the market capitalization of the asset during the period under review. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.

The unfolding situation in the OMG Network market suggests that the reviewed digital asset is in the stage of mild volatility. We established that OMG didn't showcase any significant price action due to the market's mild average volatility of 7%. The volatility of the coin reached its highest point at 6.9% during the observed period. The asset's volatility was at its lowest on November 21 when it dropped to 0%. Since the volatility of 7% can be deemed as mild, the crypto coin's market can be characterised as composed.

The opening price of OMG Network was at $1.14 on November 17, with having a more visible presence on the market. On November 17, the first trading session of the reviewed time period, the market participants saw OMG moving down by 1%. On November 18 the coin market stayed neutral, with no changes in the price. OMG Network posted the interim low at $1.12 on November 19 and then moved up by 3% and peaked at $1.18. On November 20, the value of OMG was in the range, with the market remaining flat. OMG Network finalized the trading day of November 21 at $1.08 after opening it at $1.17, though the price broke through that corridor to hit the 24H high at $1.17 and the 24H low at $1.08. The trading period on November 22 saw the crypto coin forming the price amplitude between the open at $1.06 and the close at $1.1, also interacting with $1.04 (24H low) and $1.04 (24H high). On the last day of the reviewed period, the coin was locked between $1.1 and $1.17, though the price managed to puncture these levels to reach the 24H high at $1.19 and the 24H low at $1.1. The price action on the asset's market during the period between November 17 and November 23 topped at $1.19, while the bottom of the price range was established at $1.04. The difference between the lowest and the highest price points for the week was 4%, as the price moved in the $0.04 wide corridor.

In the period November 17 - November 23, the trading volume of OMG Network went from $12 500 945 on the first day of the reviewed period to $18 718 695 on the closing day. During the week before November 17, the trading volume of OMG flowed from $14 952 498 to $51 219 097. The average trading volume of the asset fluctuated by 55% by comparison with the previous period, whereas the price change of 4% took place over the same period of time.

OMG Network had its total market capitalization change from $160 195 562 on November 17 to $159 085 805 on November 23, the end of the examined time frame. OMG experienced a 1% change in total market capitalization throughout the past seven days. The price of the coin changed by 4% on the back of the 1% shift in its total market capitalization. OMG Network ’s market capitalization from the week before changed by 8%, as the result of fluctuation between $153 185 767 and $160 195 562, to give a clearer vision of the current state of the market.

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Article date: November 23 | November 17 - 23

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