How Did Kyber Network’s Price Fare Yesterday?
Kyber Network is down by approximately 1.71% from the previous day, with its price currently hovering around $0.4836 USD. The down day for Kyber Network yesterday was a reversal from the day before it, which puts its price at 3.2% above its 20 day moving average. Over the past two weeks, price has been in a unclear trend. Another data point we may find worthy of observation is that price for Kyber Network has increased 7 of the previous 14 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 48.18% 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 Kyber Network imply the currency may oscillate between $0.434287 and $0.502933, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.
The market capitalization of Kyber Network, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $87 million.
Straight Off the Chain
Over the past 24 hours, 879 transfers have been added to the blockchain recording transactions amongst holders of Kyber Network. In terms of estimating the number of holders, over the past day the total number of wallets holding Kyber Network has gone up by approximately 56. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.05, with 292 wallets making a transfer this past day and 6,333 wallets having made a transfer in the past month.
Just How Rich are Kyber Network’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 107.68% 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. 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 8.36% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.26% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.26%.
What’s Going on Social Media?
Social media growth, in terms of Reddit subscribers, came in at up 2 over the past day for Kyber Network. Traders interested in following Kyber Network has the biggest presence on Twitter, where it has 105,042 users engaged. Use this link to follow Kyber Network on Twitter.
Article by SixJupiter
