Kyber Network Price Update
Kyber Network’s current price, at the time of this writing, is $0.4843 USD, up by approximately 1.3% from the day prior. 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 18.09% below its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. From another vantage point, note that price has gone up 16 of the past 30 days. Another data point we may find worthy of observation is that price for Kyber Network has increased 16 of the previous 30 days.
Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for Kyber Network imply the currency may oscillate between $0.325173 and $0.857387, based on how price has behaved in the two weeks prior. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
The currency’s market cap currently stands at $87 million 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 Kyber Network. 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 335 wallets making a transaction yesterday, while 10,257 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.03.
Observing Kyber Network’s Richest Wallets
As for wealth distribution, the richest 1,000 wallets currently own 108.79% of the money supply. This number is greater than 100% because many of the token holders are not able to sell them yet, and thus their numbers are not included in the supply yet, though they can be regarded as future sellers when they are able to sell. 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 9.06% of the currency’s money supply. Exchange ownership grew by -0.63% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.01% over that time period.
What’s Going on Social Media?
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 43 and 4 over the past day for Kyber Network. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Use this link to follow Kyber Network on Twitter.
Article by SixJupiter
