How Did Nexo’s Price Fare Yesterday?
Nexo is down by approximately 0.65% from the previous day, with its price currently hovering around $0.09573 USD. Nexo is currently in a down, and it should be noted that this is now the the 2nd day in a row that price has been down. Moreover, Nexo is now 23.03% below its 20 day moving average. Another data point we may find worthy of observation is that price for Nexo has increased 3 of the previous 10 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 50.26% greater than its 7 day average volume.
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 Nexo imply the currency may oscillate between $0.079897 and $0.16884, based on how price has behaved in the two weeks prior. 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 $54 million US dollars.
Update on Transactions and Holders
Yesterday saw NA transfers amongst holders of Nexo. As for the number of holders, yesterday saw the number of wallets holding Nexo NA by NA. In terms of recurring usage, we can note that 1,664 wallets have sent or received coins in the past month, while 66 have in the past day.
Just How Rich are Nexo’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 109.73% of the coin’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%. If we focus on exchanges, which may be an correlated with liquidity and greater confidence in the currency, the exchange wallets that are in the top 1,000 wallets own 3.86% of the currency’s total money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.09% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.06%. Nexo’s smart contract owns approximately 0.02% of its own total money supply. This amount hasn’t changed over the past week.
The Latest on Nexo and Social Media
Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. You can follow Nexo on Twitter here.
Article by SixJupiter
