Kyber Network Price Update
At the time of this writing, Kyber Network has a price of $0.4354 USD, which puts it down by approximately 1.54% from yesterday. The down day for Kyber Network yesterday was a reversal from the day before it, which puts its price at 4.23% below its 20 day moving average. Over the past two weeks, price has been in a down trend. From another vantage point, note that price has gone up 5 of the past 10 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 74.19% less than its 7 day average volume.
In terms of an expected trading range, the Bollinger bands on Kyber Network suggest price may bounce between $0.41302 and $0.49626 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
The currency’s market cap currently stands at $78 million US dollars.
Update on Transactions and Holders
745 transactions amongst holders of Kyber Network occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Kyber Network increase by 74. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.03, with 295 wallets making a transfer this past day and 9,000 wallets having made a transfer in the past month.
Just How Rich are Kyber Network’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 108.38% of the coin’s total money supply. Ownership exceeding 100% is due to the fact that our supply metric is focused just on available supply, and some large owners of Kyber Network have ownership they cannot sell at this time — but may be able to in the future. 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 8.48% of the currency’s money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.15%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.57%.
The Latest on Kyber Network and Social Media
Traders interested in following Kyber Network has the biggest presence on Twitter, where it has 104,575 users engaged. Use this link to follow Kyber Network on Twitter.
Article by SixJupiter
