KuCoin Price Update
KuCoin is down by approximately 1.97% from the previous day, with its price currently hovering around $0.9158 USD. KuCoin is currently in a unclear , and it should be noted that this is now the the 5th day in a row that price has been down. Moreover, KuCoin is now 16% below its 20 day moving average. From another vantage point, note that price has gone up 6 of the past 14 days. And in terms of volume, yesterday’s price move ocurred on volume that was 70.15% less than its 7 day average volume.
In terms of an expected trading range, the Bollinger bands on KuCoin suggest price may bounce between $0.865824 and $1.314626 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.
The market capitalization of KuCoin, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $75 million.
Update on Transactions and Holders
3 transactions amongst holders of KuCoin occurred yesterday. Regarding a tally of holders, Yesterday saw KuCoin’s wallet count decline by 0. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.05, with 22 wallets making a transfer this past day and 471 wallets having made a transfer in the past month.
Observing KuCoin’s Richest Wallets
As for wealth distribution, the richest 1,000 wallets currently own 209.94% 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. KuCoin’s smart contract owns approximately 0.01% of its own total money supply. This amount hasn’t changed over the past week.
The Latest on KuCoin and Social Media
Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. You can follow KuCoin on Twitter here.
Article by SixJupiter
