Nexo: What’s the Latest Regarding its Price?
At the time of this writing, Nexo has a price of $0.1075 USD, which puts it up by approximately 0.66% from yesterday. Nexo enters the day 0.39% above its 20 day moving average, and is experiencing its the 3rd day in a row up. From another vantage point, note that price has gone up 8 of the past 14 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 47.45% less than its 7 day average volume.
As for Nexo’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 $0.100806 and $0.113354. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top of the range.
The currency’s market cap currently stands at $60 million US dollars.
Update on Transactions and Holders
Yesterday saw 254 transfers amongst holders of Nexo. In terms of estimating the number of holders, over the past day the total number of wallets holding Nexo has gone up by approximately 41. To understand loyalty or repeat usage amongst holders of Nexo, we can note that there were 82 wallets making a transaction yesterday, while 1,279 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.
Just How Rich are Nexo’s Richest Holders?
And in regards to wealth distribution, note that the top 1,000 Nexo wallets hold over 109.44% of the token’s total money supply. This number is greater than 100% because many of the token holders are not able to sell them yet, and thus their numbers are not included in the supply yet, though they can be regarded as future sellers when they are able to sell. 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 4.44% 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 -0.05%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.48%. As for the Nexo’s smart contract itself, that owns 0.02% of the total money supply, an amount unchanged from the week prior.
The Latest on Nexo and Social Media
Traders interested in following Nexo has the biggest presence on Twitter, where it has 48,846 users engaged. You can follow Nexo on Twitter here.
Article by SixJupiter
