Kyber Network: What’s the Latest Regarding its Price?
Kyber Network’s current price, at the time of this writing, is $0.464 USD, down by approximately 9.36% from the day prior. This marked the the 2nd day in a row Kyber Network has been down; it is still in an uptrend, and is currently 1.88% above its 20 day moving average; staying above this level may be critical to sustain short-term momentum. 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 52.84% less than its 7 day average volume.
As for Kyber Network’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 $0.395736 and $0.515104. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.
The currency’s market cap currently stands at $83 million US dollars.
Daily Engagement Metrics Update
Yesterday saw 1,069 transfers amongst holders of Kyber Network. As for the number of holders, yesterday saw the number of wallets holding Kyber Network increase by 12. To understand loyalty or repeat usage amongst holders of Kyber Network, we can note that there were 424 wallets making a transaction yesterday, while 7,862 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.05.
Just How Rich are Kyber Network’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 108.3% of the coin’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 8.15% 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 -0.07% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.37%.
The Latest on Kyber Network and Social Media
Social media growth, in terms of Twitter followers, came in at up 19 over the past day for Kyber Network. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Use this link to follow Kyber Network on Twitter.
Article by SixJupiter
