How Did 0x’s Price Fare Yesterday?
0x is up by approximately 6.65% from the previous day, with its price currently hovering around $0.1748 USD. The up day for 0x yesterday was a reversal from the day before it, which puts its price at 7.06% above its 20 day moving average. Over the past two weeks, price has been in a unclear trend. From another vantage point, note that price has gone up 8 of the past 14 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 12.4% 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 $0.143914 and $0.182626, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.
The currency’s market cap currently stands at $114 million US dollars.
Daily Engagement Metrics Update
1,044 transactions amongst holders of 0x occurred yesterday. Regarding a tally of holders, Yesterday saw 0x’s wallet count jump by 129. In terms of recurring usage, we can note that 8,661 wallets have sent or received coins in the past month, while 403 have in the past day.
How are the Strong Holders of 0x Faring?
And in regards to wealth distribution, note that the top 1,000 0x wallets hold over 136.97% 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%. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 7.24% of the currency’s money supply. Exchange ownership grew by -0.37% 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?
Traders interested in following 0x has the biggest presence on Twitter, where it has 152,373 users engaged. Use this link to follow 0x on Twitter.
Article by SixJupiter
