KuCoin: What’s the Latest Regarding its Price?
At the time of this writing, KuCoin has a price of $1.056 USD, which puts it down by approximately 3.91% from yesterday. This marked the the 2nd consecutive day KuCoin has been down; it is still in a unclear trend, and is currently 8.34% 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 2 of the past 5 days. And in terms of volume, yesterday’s price move ocurred on volume that was 44.64% less than its 7 day average volume.
In terms of an expected trading range, the Bollinger bands on KuCoin suggest price may bounce between $0.937819 and $1.366431 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.
As for KuCoin’s market cap, it is currently at about $86M US dollars.
Straight Off the Chain
Over the past 24 hours, NA transfers have been added to the blockchain recording transactions amongst holders of KuCoin. In terms of estimating the number of holders, over the past day the total number of wallets holding KuCoin has gone NA by approximately NA. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.02, with 10 wallets making a transfer this past day and 464 wallets having made a transfer in the past month.
How are the Strong Holders of KuCoin Faring?
And in regards to wealth distribution, note that the top 1,000 KuCoin wallets hold over 209.94% 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 underlying smart contract itself for KuCoin owns 0.01% of the total money supply; over the past week, this amount has not changed.
What’s Going on Social Media?
In terms of social media presence, KuCoin saw its Twitter followers and Reddit subscribers go up by 1285 and 5 over the past 24 hours. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Here is the Twitter page for KuCoin.
Article by SixJupiter
