How Did KuCoin’s Price Fare Yesterday?
At the time of this writing, KuCoin has a price of $0.9455 USD, which puts it down by approximately 0.85% from yesterday. The down day for KuCoin yesterday was a reversal from the day before it, which puts its price at 8.77% 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 6 of the past 14 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 78.08% less than its 7 day average volume.
In terms of an expected trading range, the Bollinger bands on KuCoin suggest price may bounce between $0.84274 and $1.23002 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 $77 million US dollars.
Straight Off the Chain
Over the past 24 hours, 29 transfers have been added to the blockchain recording transactions amongst holders of KuCoin. Regarding a tally of holders, Yesterday saw KuCoin’s wallet count jump by 1. To understand loyalty or repeat usage amongst holders of KuCoin, we can note that there were 12 wallets making a transaction yesterday, while 413 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.03.
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. Ownership exceeding 100% is due to the fact that our supply metric is focused just on available supply, and some large owners of KuCoin have ownership they cannot sell at this time — but may be able to in the future. KuCoin’s smart contract owns approximately 0.01% of its own total money supply. This amount hasn’t changed over the past week.
What’s Going on Social Media?
In the past day, KuCoin’s Twitter followers and Reddit subscribers went up by 77 and 2, respectively. Traders interested in following KuCoin has the biggest presence on Twitter, where it has 350,963 users engaged. Use this link to follow KuCoin on Twitter.
Article by SixJupiter
