0x Price Update
0x’s current price, at the time of this writing, is $0.1708 USD, up by approximately 2.09% from the day prior. The up day for 0x yesterday was a reversal from the day before it, which puts its price at 5.58% 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 2 of the past 5 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 75.84% 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 0x imply the currency may oscillate between $0.139733 and $0.183817, based on how price has behaved in the two weeks prior. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.
As for 0x’s market cap, it is currently at about $111M US dollars.
Update on Transactions and Holders
696 transactions amongst holders of 0x occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding 0x rise by 90. In terms of recurring usage, we can note that 8,729 wallets have sent or received coins in the past month, while 363 have in the past day.
Observing 0x’s Richest Wallets
And in regards to wealth distribution, note that the top 1,000 0x wallets hold over 137% of the token’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 7.28% of the currency’s total money supply. Exchange ownership grew by -0.34% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.08% over that time period. 0x’s smart contract owns approximately 0.02% of its own total money supply. This amount hasn’t changed over the past week.
The Latest on 0x and Social Media
If you are interested in following 0x on social media, Twitter, where it has 152,389 following it, may be a good place to start. Use this link to follow 0x on Twitter.
Article by SixJupiter
