KuCoin Price Update
KuCoin is down by approximately 0.26% from the previous day, with its price currently hovering around $0.9285 USD. KuCoin enters the day 6.25% below its 20 day moving average, and is experiencing its the 3rd day in a row down. From another vantage point, note that price has gone up 5 of the past 10 days. Another data point we may find worthy of observation is that price for KuCoin has increased 5 of the previous 10 days.
In terms of an expected trading range, the Bollinger bands on KuCoin suggest price may bounce between $0.910933 and $1.069797 based on its momentum and volatility over the past 14 days. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.
As for KuCoin’s market cap, it is currently at about $76M US dollars.
Daily Engagement Metrics Update
Yesterday saw 60 transfers amongst holders of KuCoin. In terms of estimating the number of holders, over the past day the total number of wallets holding KuCoin has gone down by approximately 0. To understand loyalty or repeat usage amongst holders of KuCoin, we can note that there were 40 wallets making a transaction yesterday, while 349 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.11.
Just How Rich are KuCoin’s Richest Holders?
And in regards to wealth distribution, note that the top 1,000 KuCoin wallets hold over 209.94% 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%. As for the KuCoin’s smart contract itself, that owns 0.01% of the total money supply, an amount unchanged from the week prior.
What’s Going on Social Media?
If you are interested in following KuCoin on social media, Twitter, where it has 351,141 following it, may be a good place to start. Here is the Twitter page for KuCoin.
Article by SixJupiter
