0x Price Update
At the time of this writing, 0x has a price of $0.1575 USD, which puts it up by approximately 1.61% from yesterday. 0x enters the day 4.18% above its 20 day moving average, and is experiencing its the 3rd consecutive day up. Another data point we may find worthy of observation is that price for 0x has increased 9 of the previous 14 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 77.39% less than its 7 day average volume.
In terms of an expected trading range, the Bollinger bands on 0x suggest price may bounce between $0.14113 and $0.16123 based on its momentum and volatility over the past 14 days. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.
The market capitalization of 0x, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $102 million.
Straight Off the Chain
Over the past 24 hours, 877 transfers have been added to the blockchain recording transactions amongst holders of 0x. In terms of estimating the number of holders, over the past day the total number of wallets holding 0x has gone up by approximately 115. In terms of recurring usage, we can note that 9,329 wallets have sent or received coins in the past month, while 436 have in the past day.
How are the Strong Holders of 0x Faring?
In terms of wealth concentration, the richest 1,000 wallets own 137.2% of the coin’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. 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 7.55% of the currency’s total money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.1%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.09%. The underlying smart contract itself for 0x owns 0.02% of the total money supply; over the past week, this amount has not changed.
What’s Going on Social Media?
Traders interested in following 0x has the biggest presence on Twitter, where it has 152,404 users engaged. Here is the Twitter page for 0x.
Article by SixJupiter
