0x: What’s the Latest Regarding its Price?
0x’s current price, at the time of this writing, is $0.1901 USD, down by approximately 3.31% from the day prior. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 2.4% above its 20 day moving average, and is currently in a unclear trend over the past 14 days. In terms of an expected trading range, the Bollinger bands on 0x suggest price may bounce between $0.174612 and $0.196678 based on its momentum and volatility over the past 14 days. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.
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The market capitalization of 0x, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $119 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.
Daily Engagement Metrics Update
1,730 transactions amongst holders of 0x occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding 0x has gone up by approximately 200. If we observe percentage growth in holders and transfers, we find that 0x ranks 18 out of the 32 Ethereum tokens we are tracking.
How are the Strong Holders of 0x Faring?
In terms of wealth concentration, the richest 1,000 wallets own 88.89% of the coin’s total money supply. If we focus on exchanges, which may be an correlated with liquidity and greater confidence in the currency, the exchange wallets that are in the top 1,000 wallets own 4.46% of the currency’s total money supply. Exchange ownership grew by -0.13% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.04% over that time period. 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 Much Development is Occurring?
0x hasn’t had any activity on any of its GitHub repos since January 06, 2020 — 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 0.3 per day, while the number of followers watching 0x’s repositories is growing by 0.8.
0x’s Social Media Presence
Traders interested in following 0x has the biggest presence on Twitter, where it has 152,023 users engaged. Use this link to follow 0x on Twitter.
Where to Buy
You can trade 0x, listed under the symbol ZRX, through the following exchanges: Gate, Yobit, Binance, DDEX, Ethfinex.
Article by SixJupiter
