0x Price Update
0x is up by approximately 1.45% from the previous day, with its price currently hovering around $0.1749 USD. The up day for 0x yesterday was a reversal from the day before it, which puts its price at 5.48% above its 20 day moving average. Over the past two weeks, price has been in a unclear trend. To help contextualize yesterday’s price move, we can observe that price has rallied 5 of the past 10 days. And in terms of volume, yesterday’s price move ocurred on volume that was 65.87% 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 $0.149795 and $0.181845, based on how price has behaved in the two weeks prior. 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 $114 million US dollars.
Straight Off the Chain
748 transactions amongst holders of 0x occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding 0x rise by 108. To understand loyalty or repeat usage amongst holders of 0x, we can note that there were 367 wallets making a transaction yesterday, while 8,631 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.
Just How Rich are 0x’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 136.96% 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 0x have ownership they cannot sell at this time — but may be able to in the future. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 7.37% 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 -0.02%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.01%. The underlying smart contract itself for 0x owns 0.02% of the total money supply; over the past week, this amount has not changed.
The Latest on 0x and Social Media
In terms of social media presence, 0x saw its Twitter followers go up by 2 over the past 24 hours. If you are interested in following 0x on social media, Twitter, where it has 152,375 following it, may be a good place to start. Use this link to follow 0x on Twitter.
Article by SixJupiter
