0x: What’s the Latest Regarding its Price?
0x’s current price, at the time of this writing, is $0.2942 USD, down by approximately 0.3% from the day prior. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a down trend, and is currently 1.97% below its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. 0x’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 $0.269115 and $0.331125. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.
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The currency’s market cap currently stands at $178 million US dollars.
Unusual Developments
Yesterday, the metrics transfers added saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.
Update on Transactions and Holders
Over the past 24 hours, -1,031,374 transfers have been added to the blockchain recording transactions amongst holders of 0x. In terms of estimating the number of holders, over the past day the total number of wallets holding 0x has gone up by approximately 137. If we observe percentage growth in holders and transfers, we find that 0x ranks 34 out of the 36 Ethereum tokens we are tracking.
Just How Rich are 0x’s Richest Holders?
The top 1,000 0x wallets hold over 89.13% of the token’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 4.67% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.19% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.15%. The underlying smart contract itself for 0x owns 0.01% of the total money supply; over the past week, this amount has not changed.
How Active are the Software Developers?
0x hasn’t had any activity on any of its GitHub repos since November 03, 2019 — 1 days prior. To understand how code development is progressing, we can observe growth rates over the past 30 days in the number of open issues and the number of watchers: open issuers have been growing at about 0.03 per day, while the number of followers watching 0x’s repositories is growing by 1.53.
0x’s Social Media Presence
Traders interested in following 0x has the biggest presence on Twitter, where it has 151,361 users engaged. Here is the Twitter page for 0x.
Where to Buy
You can trade 0x, listed under the symbol ZRX, through the following exchanges: Gate, Yobit, Binance, DDEX, Ethfinex.
Article by SixJupiter
