KuCoin Price Update
KuCoin’s current price, at the time of this writing, is $0.9478 USD, down by approximately 0.26% 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 0.33% 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 14 of the past 30 days. Another data point we may find worthy of observation is that price for KuCoin has increased 14 of the previous 30 days.
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 KuCoin imply the currency may oscillate between $0.910044 and $0.979316, 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 selling opportunities.
The currency’s market cap currently stands at $77 million US dollars.
Update on Transactions and Holders
Yesterday saw 153 transfers amongst holders of KuCoin. In terms of estimating the number of holders, over the past day the total number of wallets holding KuCoin has gone up by approximately 2. To understand loyalty or repeat usage amongst holders of KuCoin, we can note that there were 75 wallets making a transaction yesterday, while 306 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.25.
How are the Strong Holders of KuCoin Faring?
As for wealth distribution, the richest 1,000 wallets currently own 210.75% of the money supply. Ownership exceeding 100% is due to the fact that our supply metric is focused just on available supply, and some large owners of KuCoin have ownership they cannot sell at this time — but may be able to in the future. The underlying smart contract itself for KuCoin owns 0.01% of the total money supply; over the past week, this amount has not changed.
What’s Going on Social Media?
If you are interested in following KuCoin on social media, Twitter, where it has 351,104 following it, may be a good place to start. You can follow KuCoin on Twitter here.
Article by SixJupiter
