Kyber Network: What’s the Latest Regarding its Price?
At the time of this writing, Kyber Network has a price of $0.4389 USD, which puts it down by approximately 2.47% from yesterday. The down day for Kyber Network yesterday was a reversal from the day before it, which puts its price at 3.33% below its 20 day moving average. Over the past two weeks, price has been in a unclear trend. To help contextualize yesterday’s price move, we can observe that price has rallied 15 of the past 30 days. Another data point we may find worthy of observation is that price for Kyber Network has increased 15 of the previous 30 days.
Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for Kyber Network imply the currency may oscillate between $0.423702 and $0.484358, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
As for Kyber Network’s market cap, it is currently at about $79M US dollars.
Daily Engagement Metrics Update
Over the past 24 hours, 582 transfers have been added to the blockchain recording transactions amongst holders of Kyber Network. In terms of estimating the number of holders, over the past day the total number of wallets holding Kyber Network has gone up by approximately 51. In terms of recurring usage, we can note that 8,442 wallets have sent or received coins in the past month, while 232 have in the past day.
How are the Strong Holders of Kyber Network Faring?
As for wealth distribution, the richest 1,000 wallets currently own 108.32% 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. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 8.41% 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 -0.19%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.58%.
What’s Going on Social Media?
Traders interested in following Kyber Network has the biggest presence on Twitter, where it has 104,734 users engaged. You can follow Kyber Network on Twitter here.
Article by SixJupiter
