0x: What’s the Latest Regarding its Price?
At the time of this writing, 0x has a price of $0.1555 USD, which puts it up by approximately 6.36% from yesterday. This marked the the 3rd straight day 0x has been up; it is still in a downtrend, and is currently 25.86% 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 0x has increased 14 of the previous 30 days. Another data point we may find worthy of observation is that price for 0x has increased 14 of the previous 30 days.
As for 0x’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 $0.110906 and $0.308564. 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 $100 million US dollars.
Update on Transactions and Holders
NA transactions amongst holders of 0x occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding 0x NA by NA. To understand loyalty or repeat usage amongst holders of 0x, we can note that there were 485 wallets making a transaction yesterday, while 9,016 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.05.
How are the Strong Holders of 0x Faring?
And in regards to wealth distribution, note that the top 1,000 0x wallets hold over 139.62% of the token’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 7.62% of the currency’s money supply. Exchange ownership grew by 0.25% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.15% over that time period. The underlying smart contract itself for 0x owns 0.02% of the total money supply; over the past week, this amount has not changed.
The Latest on 0x and Social Media
Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Here is the Twitter page for 0x.
Article by SixJupiter
