0x: What’s the Latest Regarding its Price?
0x’s current price, at the time of this writing, is $0.1683 USD, down by approximately 11.93% from the day prior. The down day for 0x yesterday was a reversal from the day before it, which puts its price at 6.66% above its 20 day moving average. Over the past two weeks, price has been in an up trend. To help contextualize yesterday’s price move, we can observe that price has rallied 3 of the past 5 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 50.69% greater than its 7 day average volume.
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 $0.131821 and $0.183759. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.
The currency’s market cap currently stands at $110 million US dollars.
Daily Engagement Metrics Update
Over the past 24 hours, 1,356 transfers have been added to the blockchain recording transactions amongst holders of 0x. Regarding a tally of holders, Yesterday saw 0x’s wallet count increase by 124. In terms of recurring usage, we can note that 9,027 wallets have sent or received coins in the past month, while 460 have in the past day.
How are the Strong Holders of 0x Faring?
And in regards to wealth distribution, note that the top 1,000 0x wallets hold over 137.1% of the token’s total money supply. To further clarify, our supply metric focuses only on supply that is publicly available while many large holders may have tokens they are not able to sell yet — which is why this value can exceed 100%. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 7.57% 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 -0.11% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.04%. As for the 0x’s smart contract itself, that owns 0.02% of the total money supply, an amount unchanged from the week prior.
The Latest on 0x and Social Media
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
