April 17, 2020: Kyber Network (KNC): Down 0.25%

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Kyber Network: What’s the Latest Regarding its Price?

Kyber Network is down by approximately 0.25% from the previous day, with its price currently hovering around $0.4795 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 3.55% above its 20 day moving average, and is currently in a unclear trend over the past 14 days. To help contextualize yesterday’s price move, we can observe that price has rallied 2 of the past 5 days. Another data point we may find worthy of observation is that price for Kyber Network has increased 2 of the previous 5 days.

As for Kyber Network’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 $0.418825 and $0.507315. Price’s current proximity to the top of the range may make selling an attractive opportunity to traders interested in trading the range.

The currency’s market cap currently stands at $87 million US dollars.

Daily Engagement Metrics Update

706 transactions amongst holders of Kyber Network occurred yesterday. Regarding a tally of holders, Yesterday saw Kyber Network’s wallet count increase by 65. In terms of recurring usage, we can note that 6,610 wallets have sent or received coins in the past month, while 257 have in the past day.

Just How Rich are Kyber Network’s Richest Holders?

In terms of wealth concentration, the richest 1,000 wallets own 107.72% 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 8.44% of the currency’s money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.24%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.31%.

Kyber Network’s Social Media Presence

If you are interested in following Kyber Network on social media, Twitter, where it has 105,003 following it, may be a good place to start. Use this link to follow Kyber Network on Twitter.

Article by SixJupiter

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