How Did 0x’s Price Fare Yesterday?
0x is down by approximately 1.52% from the previous day, with its price currently hovering around $0.1687 USD. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 3.97% above its 20 day moving average, and is currently in an up trend over the past 14 days. Another data point we may find worthy of observation is that price for 0x has increased 18 of the previous 30 days. Another data point we may find worthy of observation is that price for 0x has increased 18 of the previous 30 days.
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 $0.141893 and $0.182637, based on how price has behaved in the two weeks prior. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.
The currency’s market cap currently stands at $110 million US dollars.
Update on Transactions and Holders
Over the past 24 hours, 821 transfers have been added to the blockchain recording transactions amongst holders of 0x. As for the number of holders, yesterday saw the number of wallets holding 0x increase by 99. To understand loyalty or repeat usage amongst holders of 0x, we can note that there were 324 wallets making a transaction yesterday, while 8,689 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.04.
Observing 0x’s Richest Wallets
And in regards to wealth distribution, note that the top 1,000 0x wallets hold over 137.01% 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%. 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 7.19% of the currency’s total money supply. Exchange ownership grew by -0.43% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.05% over that time period. As for the 0x’s smart contract itself, that owns 0.02% of the total money supply, an amount unchanged from the week prior.
What’s Going on Social Media?
In terms of social media presence, 0x saw its Reddit subscribers go up by 1 over the past 24 hours. Traders interested in following 0x has the biggest presence on Twitter, where it has 152,373 users engaged. You can follow 0x on Twitter here.
Article by SixJupiter
