KuCoin Price Update
KuCoin’s current price, at the time of this writing, is $0.9397 USD, down by approximately 0.43% from the day prior. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 0.62% below its 20 day moving average, and is currently in a unclear trend over the past 14 days. From another vantage point, note that price has gone up 2 of the past 5 days. And in terms of volume, yesterday’s price move ocurred on volume that was 58.44% 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 $0.876689 and $1.014531. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
The currency’s market cap currently stands at $77 million US dollars.
Update on Transactions and Holders
Over the past 24 hours, 4 transfers have been added to the blockchain recording transactions amongst holders of KuCoin. As for the number of holders, yesterday saw the number of wallets holding KuCoin increase by 3. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.13, with 37 wallets making a transfer this past day and 276 wallets having made a transfer in the past month.
Observing KuCoin’s Richest Wallets
As for wealth distribution, the richest 1,000 wallets currently own 209.94% of the money supply. Incidentally, this value exceeds 100% because many owners are not yet able to sell (due to contractual provisions), and our supply metric only observes liquid supply. The underlying smart contract itself for KuCoin owns 0.01% of the total money supply; over the past week, this amount has not changed.
KuCoin’s Social Media Presence
Social media growth, in terms of Reddit subscribers, came in at up 36 over the past day for KuCoin. Traders interested in following KuCoin has the biggest presence on Twitter, where it has 351,317 users engaged. Here is the Twitter page for KuCoin.
Article by SixJupiter
