Nexo: What’s the Latest Regarding its Price?
Nexo is down by approximately 0.49% from the previous day, with its price currently hovering around $0.1225 USD. The down day for Nexo yesterday was a reversal from the day before it, which puts its price at 12.73% above its 20 day moving average. Over the past two weeks, price has been in an up trend. From another vantage point, note that price has gone up 6 of the past 10 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 19.65% less than its 7 day average volume.
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 Nexo imply the currency may oscillate between $0.095968 and $0.121368, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top of the range.
As for Nexo’s market cap, it is currently at about $69M US dollars.
Straight Off the Chain
265 transactions amongst holders of Nexo occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Nexo jump by 39. In terms of recurring usage, we can note that 1,492 wallets have sent or received coins in the past month, while 81 have in the past day.
Observing Nexo’s Richest Wallets
And in regards to wealth distribution, note that the top 1,000 Nexo wallets hold over 109.61% of the token’s total 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 3.98% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.04% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.12%. As for the Nexo’s smart contract itself, that owns 0.02% of the total money supply, an amount unchanged from the week prior.
Nexo’s Social Media Presence
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 7 and 7 over the past day for Nexo. Traders interested in following Nexo has the biggest presence on Twitter, where it has 48,747 users engaged. Use this link to follow Nexo on Twitter.
Article by SixJupiter
