KuCoin Price Update
KuCoin is down by approximately 2.7% from the previous day, with its price currently hovering around $0.9122 USD. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a unclear trend, and is currently 5.52% below its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. From another vantage point, note that price has gone up 1 of the past 5 days. Another data point we may find worthy of observation is that price for KuCoin has increased 1 of the previous 5 days.
In terms of an expected trading range, the Bollinger bands on KuCoin suggest price may bounce between $0.901023 and $1.030027 based on its momentum and volatility over the past 14 days. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
The market capitalization of KuCoin, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $74 million.
Daily Engagement Metrics Update
Yesterday saw 201 transfers amongst holders of KuCoin. As for the number of holders, yesterday saw the number of wallets holding KuCoin rise by 4. In terms of recurring usage, we can note that 308 wallets have sent or received coins in the past month, while 74 have in the past day.
Just How Rich are KuCoin’s Richest Holders?
As for wealth distribution, the richest 1,000 wallets currently own 209.94% of the 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. KuCoin’s smart contract owns approximately 0.01% of its own total money supply. This amount hasn’t changed over the past week.
What’s Going on Social Media?
In terms of social media presence, KuCoin saw its Twitter followers and Reddit subscribers go up by 56 and 1 over the past 24 hours. Traders interested in following KuCoin has the biggest presence on Twitter, where it has 351,391 users engaged. Here is the Twitter page for KuCoin.
Article by SixJupiter
