KuCoin: What’s the Latest Regarding its Price?
KuCoin’s current price, at the time of this writing, is $0.9554 USD, up by approximately 0.39% from the day prior. This marked the the 5th day in a row KuCoin has been up; it is still in a unclear trend, and is currently 1.24% 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 KuCoin has increased 8 of the previous 14 days. And in terms of volume, yesterday’s price move ocurred on volume that was 53.42% less than its 7 day average volume.
In terms of an expected trading range, the Bollinger bands on KuCoin suggest price may bounce between $0.906279 and $0.981141 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.
As for KuCoin’s market cap, it is currently at about $78M US dollars.
Daily Engagement Metrics Update
Yesterday saw 37 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 5. To understand loyalty or repeat usage amongst holders of KuCoin, we can note that there were 52 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 0.17.
How are the Strong Holders of KuCoin Faring?
And in regards to wealth distribution, note that the top 1,000 KuCoin wallets hold over 210.75% of the token’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 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?
In the past day, KuCoin’s Twitter followers went up by 83, respectively. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Here is the Twitter page for KuCoin.
Article by SixJupiter
