How Did KuCoin’s Price Fare Yesterday?
At the time of this writing, KuCoin has a price of $0.9442 USD, which puts it down by approximately 0.84% 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 down trend, and is currently 0.61% 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 2 of the past 5 days. And in terms of volume, yesterday’s price move ocurred on volume that was 39.45% less than its 7 day average volume.
In terms of an expected trading range, the Bollinger bands on KuCoin suggest price may bounce between $0.880363 and $1.019557 based on its momentum and volatility over the past 14 days. 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.
Daily Engagement Metrics Update
Over the past 24 hours, 76 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 1. In terms of recurring usage, we can note that 282 wallets have sent or received coins in the past month, while 25 have in the past day.
Just How Rich are KuCoin’s Richest Holders?
As for wealth distribution, the richest 1,000 wallets currently own 210.75% of the 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%. KuCoin’s smart contract owns approximately 0.01% of its own total money supply. This amount hasn’t changed over the past week.
What’s Going on Social Media?
Social media growth, in terms of Reddit subscribers, came in at up 9 over the past day for KuCoin. Traders interested in following KuCoin has the biggest presence on Twitter, where it has 351,334 users engaged. You can follow KuCoin on Twitter here.
Article by SixJupiter
