How Did Kyber Network’s Price Fare Yesterday?
Kyber Network’s current price, at the time of this writing, is $0.5396 USD, up by approximately 4.74% from the day prior. Kyber Network enters the day 11.84% above its 20 day moving average, and is experiencing its the 5th straight day up. From another vantage point, note that price has gone up 16 of the past 30 days. Another data point we may find worthy of observation is that price for Kyber Network has increased 16 of the previous 30 days.
In terms of an expected trading range, the Bollinger bands on Kyber Network suggest price may bounce between $0.437873 and $0.527107 based on its momentum and volatility over the past 14 days. Price’s current proximity to the top of the range may make selling an attractive opportunity to traders interested in trading the range.
The currency’s market cap currently stands at $97 million US dollars.
Straight Off the Chain
1,182 transactions amongst holders of Kyber Network occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding Kyber Network has gone up by approximately 296. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.06, with 357 wallets making a transfer this past day and 6,040 wallets having made a transfer in the past month.
How are the Strong Holders of Kyber Network Faring?
In terms of wealth concentration, the richest 1,000 wallets own 107.42% of the coin’s total 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 Kyber Network have ownership they cannot sell at this time — but may be able to in the future. 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 7.32% 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 -0.3%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -1.12%.
The Latest on Kyber Network and Social Media
Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Here is the Twitter page for Kyber Network.
Article by SixJupiter
