0x: What’s the Latest Regarding its Price?
0x’s current price, at the time of this writing, is $0.1694 USD, down by approximately 1.4% from the day prior. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in an up trend, and is currently 5.66% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. To help contextualize yesterday’s price move, we can observe that price has rallied 3 of the past 5 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 87.37% less than its 7 day average volume.
As for 0x’s expected trading range — as forecasted by the Bollinger bands indicator, which determines a range based on momentum and volatility over the past two weeks — is between $0.136129 and $0.184511. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.
As for 0x’s market cap, it is currently at about $110M US dollars.
Daily Engagement Metrics Update
Over the past 24 hours, 909 transfers have been added to the blockchain recording transactions amongst holders of 0x. As for the number of holders, yesterday saw the number of wallets holding 0x increase by 93. In terms of recurring usage, we can note that 8,868 wallets have sent or received coins in the past month, while 373 have in the past day.
Observing 0x’s Richest Wallets
As for wealth distribution, the richest 1,000 wallets currently own 137.06% of the 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. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 7.32% 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 -0.12% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.23%. The underlying smart contract itself for 0x owns 0.02% of the total money supply; over the past week, this amount has not changed.
0x’s Social Media Presence
In the past day, 0x’s Twitter followers went up by 16, respectively. If you are interested in following 0x on social media, Twitter, where it has 152,392 following it, may be a good place to start. Here is the Twitter page for 0x.
Article by SixJupiter
