How Did Kucoin’s Price Fare Yesterday?
At the time of this writing, Kucoin has a price of $1.019 USD, which puts it down by approximately 0.88% from yesterday. This marked the the 2nd consecutive day Kucoin has been down; it is still in an uptrend, and is currently 3.54% above its 20 day moving average; staying above this level may be critical to sustain short-term momentum. 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 $0.864348 and $1.103902, based on how price has behaved in the two weeks prior. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.
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 $85 million.
Kucoin’s Surprises of the Day
The following metrics showed unusual change over the past 24 hours for Kucoin: transfers added. Further investigation may be warranted.
Update on Transactions and Holders
619 transactions amongst holders of Kucoin occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding Kucoin has gone up by approximately 23. If we observe percentage growth in holders and transfers, we find that Kucoin ranks 15 out of the 29 Ethereum tokens we are tracking.
How are the Strong Holders of Kucoin Faring?
In terms of wealth concentration, the richest 1,000 wallets own 99.99% of the coin’s total money supply. Kucoin’s smart contract owns approximately 0.01% of its own total money supply. This amount hasn’t changed over the past week.
What’s Going on Social Media?
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 189 and 22 over the past day for Kucoin. If you are interested in following Kucoin on social media, Twitter, where it has 335,827 following it, may be a good place to start. Here is the Twitter page for Kucoin.
Article by SixJupiter
