0x: What’s the Latest Regarding its Price?
0x is down by approximately 0.35% from the previous day, with its price currently hovering around $0.1691 USD. 0x enters the day 6.16% above its 20 day moving average, but is experiencing its the 2nd straight day down. Another data point we may find worthy of observation is that price for 0x has increased 2 of the previous 5 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 58.28% less 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 $0.133537 and $0.185053. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.
As for 0x’s market cap, it is currently at about $110M US dollars.
Daily Engagement Metrics Update
Yesterday saw 1,276 transfers amongst holders of 0x. Regarding a tally of holders, Yesterday saw 0x’s wallet count rise by 93. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.05, with 459 wallets making a transfer this past day and 9,004 wallets having made a transfer in the past month.
Just How Rich are 0x’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 137.07% 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 7.37% of the currency’s money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.13%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.18%. 0x’s smart contract owns approximately 0.02% of its own total money supply. This amount hasn’t changed over the past week.
The Latest on 0x and Social Media
Social media growth, in terms of Reddit subscribers, came in at up 2 over the past day for 0x. If you are interested in following 0x on social media, Twitter, where it has 152,376 following it, may be a good place to start. You can follow 0x on Twitter here.
Article by SixJupiter
