Nexo Price Update
Nexo is down by approximately 0.37% from the previous day, with its price currently hovering around $0.1072 USD. This marked the the 2nd day in a row Nexo has been down; it is still in a unclear trend, and is currently 2.65% below 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 Nexo has increased 3 of the previous 5 days. Another data point we may find worthy of observation is that price for Nexo has increased 3 of the previous 5 days.
In terms of an expected trading range, the Bollinger bands on Nexo suggest price may bounce between $0.102633 and $0.117597 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
As for Nexo’s market cap, it is currently at about $60M US dollars.
Straight Off the Chain
241 transactions amongst holders of Nexo occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding Nexo has gone up by approximately 26. In terms of recurring usage, we can note that 1,216 wallets have sent or received coins in the past month, while 99 have in the past day.
Just How Rich are Nexo’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 109.48% of the coin’s total money supply. To further clarify, our supply metric focuses only on supply that is publicly available while many large holders may have tokens they are not able to sell yet — which is why this value can exceed 100%. 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 4.03% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.09% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.02%. The underlying smart contract itself for Nexo owns 0.02% of the total money supply; over the past week, this amount has not changed.
Nexo’s Social Media Presence
In terms of social media presence, Nexo saw its Twitter followers and Reddit subscribers go up by 51 and 4 over the past 24 hours. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Here is the Twitter page for Nexo.
Article by SixJupiter
