April 20, 2020: Kyber Network (KNC): Up 0.55%

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Kyber Network: What’s the Latest Regarding its Price?

At the time of this writing, Kyber Network has a price of $0.4784 USD, which puts it up by approximately 0.55% from yesterday. The up day for Kyber Network yesterday was a reversal from the day before it, which puts its price at 1.75% 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 15 of the previous 30 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 83.68% 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 $0.438099 and $0.502291, based on how price has behaved in the two weeks prior. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.

As for Kyber Network’s market cap, it is currently at about $86M US dollars.

Daily Engagement Metrics Update

Yesterday saw 711 transfers amongst holders of Kyber Network. Regarding a tally of holders, Yesterday saw Kyber Network’s wallet count rise by 52. To understand loyalty or repeat usage amongst holders of Kyber Network, we can note that there were 256 wallets making a transaction yesterday, while 6,163 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 Kyber Network’s Richest Holders?

And in regards to wealth distribution, note that the top 1,000 Kyber Network wallets hold over 107.66% of the token’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 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 8.2% 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 -0.15% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.17%.

What’s Going on Social Media?

Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 17 and 3 over the past day for Kyber Network. If you are interested in following Kyber Network on social media, Twitter, where it has 105,059 following it, may be a good place to start. You can follow Kyber Network on Twitter here.

Article by SixJupiter

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