0x Price Update
0x’s current price, at the time of this writing, is $0.1741 USD, up by approximately 1.52% from the day prior. The up day for 0x yesterday was a reversal from the day before it, which puts its price at 3.54% 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 0x has increased 17 of the previous 30 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 59.56% 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 $0.155027 and $0.181273. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.
The market capitalization of 0x, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $113 million.
Straight Off the Chain
Yesterday saw 832 transfers amongst holders of 0x. Regarding a tally of holders, Yesterday saw 0x’s wallet count rise by 117. In terms of recurring usage, we can note that 8,341 wallets have sent or received coins in the past month, while 400 have in the past day.
Just How Rich are 0x’s Richest Holders?
And in regards to wealth distribution, note that the top 1,000 0x wallets hold over 136.93% of the token’s total money supply. Incidentally, this value exceeds 100% because many owners are not yet able to sell (due to contractual provisions), and our supply metric only observes liquid supply. If we focus on exchanges, which may be an correlated with liquidity and greater confidence in the currency, the exchange wallets that are in the top 1,000 wallets own 7.47% of the currency’s total money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.06%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.15%. 0x’s smart contract owns approximately 0.02% of its own total money supply. This amount hasn’t changed over the past week.
The Latest on 0x and Social Media
Traders interested in following 0x has the biggest presence on Twitter, where it has 152,344 users engaged. Here is the Twitter page for 0x.
Article by SixJupiter
