0x: What’s the Latest Regarding its Price?
0x’s current price, at the time of this writing, is $0.1772 USD, down by approximately 1.28% 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 a unclear trend, and is currently 5.87% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. Another data point we may find worthy of observation is that price for 0x has increased 17 of the previous 30 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 68.91% 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 $0.153982 and $0.180778. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.
The market capitalization of 0x, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $115 million.
Straight Off the Chain
518 transactions amongst holders of 0x occurred yesterday. Regarding a tally of holders, Yesterday saw 0x’s wallet count increase by 110. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.05, with 394 wallets making a transfer this past day and 8,517 wallets having made a transfer in the past month.
Observing 0x’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 136.94% of the coin’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. 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 7.41% of the currency’s total money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.03% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.09%. 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
If you are interested in following 0x on social media, Twitter, where it has 152,348 following it, may be a good place to start. You can follow 0x on Twitter here.
Article by SixJupiter
