April 1, 2020: Kyber Network (KNC): Down 1.87%

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Kyber Network: What’s the Latest Regarding its Price?

Kyber Network’s current price, at the time of this writing, is $0.4307 USD, down by approximately 1.87% from the day prior. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a down trend, and is currently 6.21% below 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 Kyber Network has increased 16 of the previous 30 days. Another data point we may find worthy of observation is that price for Kyber Network has increased 16 of the previous 30 days.

In terms of an expected trading range, the Bollinger bands on Kyber Network suggest price may bounce between $0.406541 and $0.511879 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 market capitalization of Kyber Network, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $78 million.

Update on Transactions and Holders

Over the past 24 hours, 451 transfers have been added to the blockchain recording transactions amongst holders of Kyber Network. In terms of estimating the number of holders, over the past day the total number of wallets holding Kyber Network has gone up by approximately 50. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.03, with 291 wallets making a transfer this past day and 9,398 wallets having made a transfer in the past month.

How are the Strong Holders of Kyber Network Faring?

And in regards to wealth distribution, note that the top 1,000 Kyber Network wallets hold over 108.59% 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. 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 8.8% of the currency’s money supply. Exchange ownership grew by -0.11% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.16% over that time period.

Kyber Network’s Social Media Presence

In terms of social media presence, Kyber Network saw its Twitter followers and Reddit subscribers go up by 61 and 20 over the past 24 hours. Traders interested in following Kyber Network has the biggest presence on Twitter, where it has 104,575 users engaged. Here is the Twitter page for Kyber Network.

Article by SixJupiter

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