How Did KuCoin’s Price Fare Yesterday?
KuCoin is up by approximately 0.05% from the previous day, with its price currently hovering around $0.9265 USD. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 5.27% below its 20 day moving average, and is currently in a unclear trend over the past 14 days. To help contextualize yesterday’s price move, we can observe that price has rallied 5 of the past 10 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 74.69% less than its 7 day average volume.
Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for KuCoin imply the currency may oscillate between $0.916531 and $1.039499, based on how price has behaved in the two weeks prior. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
As for KuCoin’s market cap, it is currently at about $76M US dollars.
Update on Transactions and Holders
Over the past 24 hours, 104 transfers have been added to the blockchain recording transactions amongst holders of KuCoin. Regarding a tally of holders, Yesterday saw KuCoin’s wallet count increase by 2. In terms of recurring usage, we can note that 337 wallets have sent or received coins in the past month, while 51 have in the past day.
How are the Strong Holders of KuCoin Faring?
In terms of wealth concentration, the richest 1,000 wallets own 209.94% of the coin’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. As for the KuCoin’s smart contract itself, that owns 0.01% of the total money supply, an amount unchanged from the week prior.
The Latest on KuCoin and Social Media
In the past day, KuCoin’s Twitter followers and Reddit subscribers went up by 194 and 12, respectively. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Here is the Twitter page for KuCoin.
Article by SixJupiter
