How Did 0x’s Price Fare Yesterday?
0x is down by approximately 0.2% from the previous day, with its price currently hovering around $0.2042 USD. 0x is currently in an up, but it should be noted that this is now the the 2nd consecutive day that price has been down. Moreover, 0x is now 14.11% above its 20 day moving average. Another data point we may find worthy of observation is that price for 0x has increased 2 of the previous 5 days. Another data point we may find worthy of observation is that price for 0x has increased 2 of the previous 5 days.
As for 0x’s expected trading range — as forecasted by the Bollinger bands indicator, which determines a range based on momentum and volatility over the past two weeks — is between $0.150176 and $0.207734. 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 $133 million US dollars.
Update on Transactions and Holders
Over the past 24 hours, 1,139 transfers have been added to the blockchain recording transactions amongst holders of 0x. In terms of estimating the number of holders, over the past day the total number of wallets holding 0x has gone up by approximately 158. To understand loyalty or repeat usage amongst holders of 0x, we can note that there were 498 wallets making a transaction yesterday, while 8,460 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.06.
How are the Strong Holders of 0x Faring?
In terms of wealth concentration, the richest 1,000 wallets own 136.56% of the coin’s total money supply. Incidentally, this value exceeds 100% because many owners are not yet able to sell (due to contractual provisions), and our supply metric only observes liquid supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 7.02% 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 -0.29% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.3%. The underlying smart contract itself for 0x owns 0.02% of the total money supply; over the past week, this amount has not changed.
0x’s Social Media Presence
In terms of social media presence, 0x saw its Reddit subscribers go up by 2 over the past 24 hours. Traders interested in following 0x has the biggest presence on Twitter, where it has 152,394 users engaged. You can follow 0x on Twitter here.
Article by SixJupiter
