Nexo: What’s the Latest Regarding its Price?
At the time of this writing, Nexo has a price of $0.08183 USD, which puts it down by approximately 9.38% from yesterday. This marked the the 3rd day in a row Nexo has been down; it is still in a downtrend, and is currently 44.37% 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 12 of the past 30 days. Another data point we may find worthy of observation is that price for Nexo has increased 12 of the previous 30 days.
In terms of an expected trading range, the Bollinger bands on Nexo suggest price may bounce between $0.063501 and $0.230718 based on its momentum and volatility over the past 14 days. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.
The currency’s market cap currently stands at $46 million US dollars.
Straight Off the Chain
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 1,861 wallets have sent or received coins in the past month, while 95 have in the past day.
Just How Rich are Nexo’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 109.82% 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 3.8% of the currency’s money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by 0.02%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.07%. The underlying smart contract itself for Nexo owns 0.02% of the total money supply; over the past week, this amount has not changed.
What’s Going on Social Media?
Social media growth, in terms of Reddit subscribers, came in at up 1 over the past day for Nexo. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Use this link to follow Nexo on Twitter.
Article by SixJupiter
