KuCoin: What’s the Latest Regarding its Price?
At the time of this writing, KuCoin has a price of $0.9336 USD, which puts it up by approximately 3.14% 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 1.19% below its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. To help contextualize yesterday’s price move, we can observe that price has rallied 3 of the past 5 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 20.81% greater 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 $0.87498 and $1.01467. 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 $76 million.
Update on Transactions and Holders
Yesterday saw 86 transfers amongst holders of KuCoin. Regarding a tally of holders, Yesterday saw KuCoin’s wallet count jump by 2. To understand loyalty or repeat usage amongst holders of KuCoin, we can note that there were 34 wallets making a transaction yesterday, while 288 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.12.
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. 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. The underlying smart contract itself for KuCoin owns 0.01% of the total money supply; over the past week, this amount has not changed.
What’s Going on Social Media?
Social media growth, in terms of Reddit subscribers, came in at up 3 over the past day for KuCoin. Traders interested in following KuCoin has the biggest presence on Twitter, where it has 351,348 users engaged. Use this link to follow KuCoin on Twitter.
Article by SixJupiter
