Kyber Network: What’s the Latest Regarding its Price?
Kyber Network is down by approximately 8.97% from the previous day, with its price currently hovering around $0.49 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 24.19% below its 20 day moving average, and is currently in a unclear trend over the past 14 days. From another vantage point, note that price has gone up 3 of the past 5 days. Another data point we may find worthy of observation is that price for Kyber Network has increased 3 of the previous 5 days.
In terms of an expected trading range, the Bollinger bands on Kyber Network suggest price may bounce between $0.40493 and $0.88782 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
As for Kyber Network’s market cap, it is currently at about $88M US dollars.
Straight Off the Chain
NA transactions amongst holders of Kyber Network occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Kyber Network NA by NA. To understand loyalty or repeat usage amongst holders of Kyber Network, we can note that there were 673 wallets making a transaction yesterday, while 9,126 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.07.
Observing Kyber Network’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 108.72% of the coin’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. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 9.5% of the currency’s money supply. Exchange ownership grew by -2.56% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.11% over that time period.
Kyber Network’s Social Media Presence
In the past day, Kyber Network’s Twitter followers and Reddit subscribers went up by 73 and 1, respectively. If you are interested in following Kyber Network on social media, Twitter, where it has 103,697 following it, may be a good place to start. Use this link to follow Kyber Network on Twitter.
Article by SixJupiter
