How Did KuCoin’s Price Fare Yesterday?
At the time of this writing, KuCoin has a price of $0.9223 USD, which puts it up by approximately 0.05% from yesterday. 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 3.64% 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 15 of the past 30 days. And in terms of volume, yesterday’s price move ocurred on volume that was 75.25% less than its 7 day average volume.
As for KuCoin’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 $0.892878 and $1.021462. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.
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 $75 million.
Straight Off the Chain
Yesterday saw 164 transfers amongst holders of KuCoin. As for the number of holders, yesterday saw the number of wallets holding KuCoin rise by 1. In terms of recurring usage, we can note that 306 wallets have sent or received coins in the past month, while 73 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. Ownership exceeding 100% is due to the fact that our supply metric is focused just on available supply, and some large owners of KuCoin have ownership they cannot sell at this time — but may be able to in the future. 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
Social media growth, in terms of Reddit subscribers, came in at up 2 over the past day for KuCoin. 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
