Nexo Price Update
Nexo is up by approximately 0.29% from the previous day, with its price currently hovering around $0.105 USD. Nexo is currently in a unclear , but it should be noted that this is now the the 2nd consecutive day that price has been up. Moreover, Nexo is now 2.44% below its 20 day moving average. Another data point we may find worthy of observation is that price for Nexo has increased 17 of the previous 30 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 43.59% less than its 7 day average volume.
In terms of an expected trading range, the Bollinger bands on Nexo suggest price may bounce between $0.100631 and $0.114629 based on its momentum and volatility over the past 14 days. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
The currency’s market cap currently stands at $59 million US dollars.
Update on Transactions and Holders
Yesterday saw 299 transfers amongst holders of Nexo. As for the number of holders, yesterday saw the number of wallets holding Nexo decline by 110. In terms of recurring usage, we can note that 1,251 wallets have sent or received coins in the past month, while 72 have in the past day.
Just How Rich are Nexo’s Richest Holders?
And in regards to wealth distribution, note that the top 1,000 Nexo wallets hold over 109.46% 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 Nexo have ownership they cannot sell at this time — but may be able to in the future. 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 4.42% of the currency’s money supply. Exchange ownership grew by 0.41% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.05% over that time period. 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
Traders interested in following Nexo has the biggest presence on Twitter, where it has 48,846 users engaged. Use this link to follow Nexo on Twitter.
Article by SixJupiter
