Nexo: What’s the Latest Regarding its Price?
Nexo’s current price, at the time of this writing, is $0.1005 USD, up by approximately 1.1% from the day prior. This marked the the 2nd straight day Nexo has been up; it is still in a downtrend, and is currently 35.6% below its 20 day moving average; staying above this level may be critical to sustain short-term momentum. To help contextualize yesterday’s price move, we can observe that price has rallied 5 of the past 10 days. And in terms of volume, yesterday’s price move ocurred on volume that was 8.15% less than its 7 day average volume.
As for Nexo’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 $0.084724 and $0.227371. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
As for Nexo’s market cap, it is currently at about $56M US dollars.
Update on Transactions and Holders
Over the past 24 hours, NA transfers have been added to the blockchain recording transactions amongst holders of Nexo. Regarding a tally of holders, Yesterday saw Nexo’s wallet count NA by NA. In terms of recurring usage, we can note that 1,967 wallets have sent or received coins in the past month, while 192 have in the past day.
Just How Rich are Nexo’s Richest Holders?
And in regards to wealth distribution, note that the top 1,000 Nexo wallets hold over 109.75% of the token’s total money supply. To further clarify, our supply metric focuses only on supply that is publicly available while many large holders may have tokens they are not able to sell yet — which is why this value can exceed 100%. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 3.34% of the currency’s money supply. Exchange ownership grew by -0.04% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.07% over that time period. Nexo’s smart contract owns approximately 0.02% of its own total money supply. This amount hasn’t changed over the past week.
Nexo’s Social Media Presence
In the past day, Nexo’s Twitter followers and Reddit subscribers went up by 27 and 5, respectively. Traders interested in following Nexo has the biggest presence on Twitter, where it has 48,844 users engaged. Here is the Twitter page for Nexo.
Article by SixJupiter
