Kyber Network: What’s the Latest Regarding its Price?
At the time of this writing, Kyber Network has a price of $0.4443 USD, which puts it down by approximately 4.68% from yesterday. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a down trend, and is currently 29.05% below its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. Another data point we may find worthy of observation is that price for Kyber Network has increased 9 of the previous 14 days. Another data point we may find worthy of observation is that price for Kyber Network has increased 9 of the previous 14 days.
In terms of an expected trading range, the Bollinger bands on Kyber Network suggest price may bounce between $0.304199 and $0.948281 based on its momentum and volatility over the past 14 days. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
The market capitalization of Kyber Network, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $80 million.
Daily Engagement Metrics Update
Yesterday saw NA transfers amongst holders of Kyber Network. As for the number of holders, yesterday saw the number of wallets holding Kyber Network NA by NA. In terms of recurring usage, we can note that 9,689 wallets have sent or received coins in the past month, while 476 have in the past day.
How are the Strong Holders of Kyber Network Faring?
In terms of wealth concentration, the richest 1,000 wallets own 108.87% of the coin’s total money supply. Ownership exceeding 100% is due to the fact that our supply metric is focused just on available supply, and some large owners of Kyber Network have ownership they cannot sell at this time — but may be able to in the future. 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 8.91% of the currency’s money supply. Exchange ownership grew by -1.33% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.17% over that time period.
Kyber Network’s Social Media Presence
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 54 and 8 over the past day for Kyber Network. If you are interested in following Kyber Network on social media, Twitter, where it has 104,099 following it, may be a good place to start. You can follow Kyber Network on Twitter here.
Article by SixJupiter
