KuCoin Price Update
KuCoin is down by approximately 1.1% from the previous day, with its price currently hovering around $1.348 USD. The down day for KuCoin yesterday was a reversal from the day before it, which puts its price at 5.6% above its 20 day moving average. Over the past two weeks, price has been in an up trend. Another data point we may find worthy of observation is that price for KuCoin has increased 8 of the previous 14 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 58.09% less than its 7 day average volume.
As for KuCoin’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 $1.098805 and $1.454295. Price’s current proximity to the top of the range may make selling an attractive opportunity to traders interested in trading the range.
As for KuCoin’s market cap, it is currently at about $110M US dollars.
Daily Engagement Metrics Update
NA transactions amongst holders of KuCoin occurred yesterday. Regarding a tally of holders, Yesterday saw KuCoin’s wallet count NA by NA. To understand loyalty or repeat usage amongst holders of KuCoin, we can note that there were 28 wallets making a transaction yesterday, while 466 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.06.
Just How Rich are KuCoin’s Richest Holders?
And in regards to wealth distribution, note that the top 1,000 KuCoin wallets hold over 209.94% of the token’s total money supply. Incidentally, this value exceeds 100% because many owners are not yet able to sell (due to contractual provisions), and our supply metric only observes liquid supply. KuCoin’s smart contract owns approximately 0.01% of its own total money supply. This amount hasn’t changed over the past week.
The Latest on KuCoin and Social Media
In the past day, KuCoin’s Twitter followers and Reddit subscribers went up by 13 and 8, respectively. If you are interested in following KuCoin on social media, Twitter, where it has 348,286 following it, may be a good place to start. Here is the Twitter page for KuCoin.
Article by SixJupiter
