0x Price Update
At the time of this writing, 0x has a price of $0.205 USD, which puts it up by approximately 0.49% from yesterday. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in an up trend, and is currently 7.37% 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 0x has increased 17 of the previous 30 days. Another data point we may find worthy of observation is that price for 0x has increased 17 of the previous 30 days.
Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for 0x imply the currency may oscillate between $0.162868 and $0.218982, based on how price has behaved in the two weeks prior. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.
As for 0x’s market cap, it is currently at about $134M US dollars.
Daily Engagement Metrics Update
Yesterday saw 1,156 transfers amongst holders of 0x. Regarding a tally of holders, Yesterday saw 0x’s wallet count increase by 145. In terms of recurring usage, we can note that 9,140 wallets have sent or received coins in the past month, while 476 have in the past day.
How are the Strong Holders of 0x Faring?
As for wealth distribution, the richest 1,000 wallets currently own 136.31% of the 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 7.22% of the currency’s total money supply. Exchange ownership grew by 0.07% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.13% over that time period. The underlying smart contract itself for 0x owns 0.02% of the total money supply; over the past week, this amount has not changed.
What’s Going on Social Media?
Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Use this link to follow 0x on Twitter.
Article by SixJupiter
