KuCoin Price Update
KuCoin is up by approximately 0.13% from the previous day, with its price currently hovering around $0.937 USD. 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 1.34% below its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. 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 36.4% less than its 7 day average volume.
As for KuCoin’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 $0.881274 and $1.018086. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.
As for KuCoin’s market cap, it is currently at about $76M US dollars.
Daily Engagement Metrics Update
Over the past 24 hours, 34 transfers have been added to the blockchain recording transactions amongst holders of KuCoin. Regarding a tally of holders, Yesterday saw KuCoin’s wallet count rise by 29. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.06, with 17 wallets making a transfer this past day and 282 wallets having made a transfer in the past month.
Just How Rich are KuCoin’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 210.75% of the coin’s total 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. The underlying smart contract itself for KuCoin owns 0.01% of the total money supply; over the past week, this amount has not changed.
The Latest on KuCoin and Social Media
Traders interested in following KuCoin has the biggest presence on Twitter, where it has 351,334 users engaged. Here is the Twitter page for KuCoin.
Article by SixJupiter
