How Did KuCoin’s Price Fare Yesterday?
KuCoin’s current price, at the time of this writing, is $1.258 USD, down by approximately 5.63% from the day prior. KuCoin enters the day 1.39% below its 20 day moving average, and is experiencing its the 2nd day in a row down. To help contextualize yesterday’s price move, we can observe that price has rallied 4 of the past 10 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 9.62% less than its 7 day average volume.
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 $1.106881 and $1.444519, based on how price has behaved in the two weeks prior. Price’s current proximity to the bottom of the range may make buying 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 $103 million.
Daily Engagement Metrics Update
Over the past 24 hours, NA transfers have been added to the blockchain recording transactions amongst holders of KuCoin. 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 465 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. This number is greater than 100% because many of the token holders are not able to sell them yet, and thus their numbers are not included in the supply yet, though they can be regarded as future sellers when they are able to sell. As for the KuCoin’s smart contract itself, that owns 0.01% of the total money supply, an amount unchanged from the week prior.
What’s Going on Social Media?
In terms of social media presence, KuCoin saw its Twitter followers and Reddit subscribers go up by 9 and 12 over the past 24 hours. Traders interested in following KuCoin has the biggest presence on Twitter, where it has 348,295 users engaged. Here is the Twitter page for KuCoin.
Article by SixJupiter
