How Did 0x’s Price Fare Yesterday?
0x’s current price, at the time of this writing, is $0.1629 USD, down by approximately 3.44% from the day prior. 0x is currently in an up, but it should be noted that this is now the the 2nd day in a row that price has been down. Moreover, 0x is now 1.26% above its 20 day moving average. To help contextualize yesterday’s price move, we can observe that price has rallied 17 of the past 30 days. And in terms of volume, yesterday’s price move ocurred on volume that was 69.61% 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 0x imply the currency may oscillate between $0.137937 and $0.183813, based on how price has behaved in the two weeks prior. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.
The market capitalization of 0x, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $106 million.
Straight Off the Chain
821 transactions amongst holders of 0x occurred yesterday. Regarding a tally of holders, Yesterday saw 0x’s wallet count rise by 78. 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 421 wallets making a transfer this past day and 8,731 wallets having made a transfer in the past month.
Just How Rich are 0x’s Richest Holders?
And in regards to wealth distribution, note that the top 1,000 0x wallets hold over 137.08% of the token’s total money supply. Incidentally, this value exceeds 100% because many owners are not yet able to sell (due to contractual provisions), and our supply metric only observes liquid supply. If we focus on exchanges, which may be an correlated with liquidity and greater confidence in the currency, the exchange wallets that are in the top 1,000 wallets own 7.32% of the currency’s total money supply. Exchange ownership grew by -0.22% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.07% over that time period. The underlying smart contract itself for 0x owns 0.02% of the total money supply; over the past week, this amount has not changed.
What’s Going on Social Media?
Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Here is the Twitter page for 0x.
Article by SixJupiter
