April 15, 2020: Kyber Network (KNC): Down 0.02%

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How Did Kyber Network’s Price Fare Yesterday?

Kyber Network is down by approximately 0.02% from the previous day, with its price currently hovering around $0.4704 USD. The down day for Kyber Network yesterday was a reversal from the day before it, which puts its price at 2.3% above its 20 day moving average. Over the past two weeks, price has been in an up trend. From another vantage point, note that price has gone up 14 of the past 30 days. Another data point we may find worthy of observation is that price for Kyber Network has increased 14 of the previous 30 days.

In terms of an expected trading range, the Bollinger bands on Kyber Network suggest price may bounce between $0.407397 and $0.512213 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top of the range.

As for Kyber Network’s market cap, it is currently at about $85M US dollars.

Straight Off the Chain

Over the past 24 hours, 669 transfers have been added to the blockchain recording transactions amongst holders of Kyber Network. Regarding a tally of holders, Yesterday saw Kyber Network’s wallet count increase by 60. To understand loyalty or repeat usage amongst holders of Kyber Network, we can note that there were 294 wallets making a transaction yesterday, while 6,910 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 Kyber Network’s Richest Wallets

In terms of wealth concentration, the richest 1,000 wallets own 108.23% 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 Kyber Network have ownership they cannot sell at this time — but may be able to in the future. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 8.72% of the currency’s money supply. Exchange ownership grew by 0.58% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.24% over that time period.

The Latest on Kyber Network and Social Media

In the past day, Kyber Network’s Reddit subscribers went up by 2, respectively. If you are interested in following Kyber Network on social media, Twitter, where it has 104,964 following it, may be a good place to start. You can follow Kyber Network on Twitter here.

Article by SixJupiter

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