Nexo: What’s the Latest Regarding its Price?
At the time of this writing, Nexo has a price of $0.11 USD, which puts it up by approximately 0.46% from yesterday. Nexo is currently in a unclear , but it should be noted that this is now the the 4th straight day that price has been up. Moreover, Nexo is now 0.34% below its 20 day moving average. From another vantage point, note that price has gone up 17 of the past 30 days. Another data point we may find worthy of observation is that price for Nexo has increased 17 of the previous 30 days.
As for Nexo’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 $0.102455 and $0.118295. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
The currency’s market cap currently stands at $62 million US dollars.
Update on Transactions and Holders
Over the past 24 hours, 258 transfers have been added to the blockchain recording transactions amongst holders of Nexo. In terms of estimating the number of holders, over the past day the total number of wallets holding Nexo has gone up by approximately 28. To understand loyalty or repeat usage amongst holders of Nexo, we can note that there were 88 wallets making a transaction yesterday, while 1,235 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.07.
Just How Rich are Nexo’s Richest Holders?
As for wealth distribution, the richest 1,000 wallets currently own 109.49% 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. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 4.01% of the currency’s money supply. Exchange ownership grew by -0.04% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.1% over that time period. Nexo’s smart contract owns approximately 0.02% of its own total money supply. This amount hasn’t changed over the past week.
Nexo’s Social Media Presence
In terms of social media presence, Nexo saw its Twitter followers and Reddit subscribers go up by 2 and 2 over the past 24 hours. If you are interested in following Nexo on social media, Twitter, where it has 48,799 following it, may be a good place to start. Use this link to follow Nexo on Twitter.
Article by SixJupiter
