0x Price Update
0x’s current price, at the time of this writing, is $0.1517 USD, up by approximately 0.13% from the day prior. The up day for 0x yesterday was a reversal from the day before it, which puts its price at 0.32% above its 20 day moving average. Over the past two weeks, price has been in a unclear trend. From another vantage point, note that price has gone up 3 of the past 5 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 65.96% less than its 7 day average volume.
As for 0x’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 $0.141821 and $0.160609. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.
The currency’s market cap currently stands at $99 million US dollars.
Straight Off the Chain
704 transactions amongst holders of 0x occurred yesterday. Regarding a tally of holders, Yesterday saw 0x’s wallet count increase by 86. To understand loyalty or repeat usage amongst holders of 0x, we can note that there were 335 wallets making a transaction yesterday, while 9,329 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?
As for wealth distribution, the richest 1,000 wallets currently own 137.19% of the money supply. This number is greater than 100% because many of the token holders are not able to sell them yet, and thus their numbers are not included in the supply yet, though they can be regarded as future sellers when they are able to sell. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 7.44% of the currency’s money supply. Exchange ownership grew by -0.31% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.11% over that time period. As for the 0x’s smart contract itself, that owns 0.02% of the total money supply, an amount unchanged from the week prior.
The Latest on 0x and Social Media
Traders interested in following 0x has the biggest presence on Twitter, where it has 152,435 users engaged. Here is the Twitter page for 0x.
Article by SixJupiter
