Kucoin Price Update
Kucoin is down by approximately 12.62% from the previous day, with its price currently hovering around $0.8668 USD. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 24.59% below its 20 day moving average, and is currently in a down trend over the past 14 days. Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for Kucoin imply the currency may oscillate between $0.960757 and $1.338033, based on how price has behaved in the two weeks prior. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
The market capitalization of Kucoin, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $77 million.
What Anamolies Occurred Since Yesterday?
Yesterday, the metrics holders added saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.
Straight Off the Chain
Over the past 24 hours, 49 transfers have been added to the blockchain recording transactions amongst holders of Kucoin. In terms of estimating the number of holders, over the past day the total number of wallets holding Kucoin has gone up by approximately 15. If we observe percentage growth in holders and transfers, we find that Kucoin ranks 22 out of the 33 Ethereum tokens we are tracking.
Just How Rich are Kucoin’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 99.99% of the coin’s total money supply. As for the Kucoin’s smart contract itself, that owns 0.01% of the total money supply, an amount unchanged from the week prior.
The Latest on Kucoin and Social Media
In the past day, Kucoin’s Reddit subscribers went up by 41, respectively. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Use this link to follow Kucoin on Twitter.
Article by SixJupiter
