How Did Kyber Network’s Price Fare Yesterday?
At the time of this writing, Kyber Network has a price of $0.4792 USD, which puts it up by approximately 1.27% from yesterday. The up day for Kyber Network yesterday was a reversal from the day before it, which puts its price at 2.9% above its 20 day moving average. Over the past two weeks, price has been in a unclear trend. Another data point we may find worthy of observation is that price for Kyber Network has increased 14 of the previous 30 days. Another data point we may find worthy of observation is that price for Kyber Network has increased 14 of the previous 30 days.
In terms of an expected trading range, the Bollinger bands on Kyber Network suggest price may bounce between $0.42384 and $0.50757 based on its momentum and volatility over the past 14 days. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.
The market capitalization of Kyber Network, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $87 million.
Daily Engagement Metrics Update
Yesterday saw 386 transfers amongst holders of Kyber Network. Regarding a tally of holders, Yesterday saw Kyber Network’s wallet count rise by 42. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.03, with 226 wallets making a transfer this past day and 6,485 wallets having made a transfer in the past month.
Just How Rich are Kyber Network’s Richest Holders?
As for wealth distribution, the richest 1,000 wallets currently own 107.7% 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. 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 8.44% of the currency’s total money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.24%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.41%.
Kyber Network’s Social Media Presence
In terms of social media presence, Kyber Network saw its Twitter followers and Reddit subscribers go up by 42 and 16 over the past 24 hours. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. You can follow Kyber Network on Twitter here.
Article by SixJupiter
