How Did Nexo’s Price Fare Yesterday?
At the time of this writing, Nexo has a price of $0.1044 USD, which puts it up by approximately 0.19% from yesterday. The up day for Nexo yesterday was a reversal from the day before it, which puts its price at 6.22% below its 20 day moving average. Over the past two weeks, price has been in a down trend. To help contextualize yesterday’s price move, we can observe that price has rallied 6 of the past 10 days. And in terms of volume, yesterday’s price move ocurred on volume that was 55.66% 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 Nexo imply the currency may oscillate between $0.09906 and $0.1236, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
As for Nexo’s market cap, it is currently at about $58M US dollars.
Straight Off the Chain
Over the past 24 hours, 242 transfers have been added to the blockchain recording transactions amongst holders of Nexo. Regarding a tally of holders, Yesterday saw Nexo’s wallet count rise by 38. To understand loyalty or repeat usage amongst holders of Nexo, we can note that there were 92 wallets making a transaction yesterday, while 1,197 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.08.
Just How Rich are Nexo’s Richest Holders?
As for wealth distribution, the richest 1,000 wallets currently own 109.53% of the money supply. To further clarify, our supply metric focuses only on supply that is publicly available while many large holders may have tokens they are not able to sell yet — which is why this value can exceed 100%. 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 3.98% 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 -0.01% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.04%. The underlying smart contract itself for Nexo owns 0.02% of the total money supply; over the past week, this amount has not changed.
The Latest on Nexo and Social Media
If you are interested in following Nexo on social media, Twitter, where it has 48,774 following it, may be a good place to start. Here is the Twitter page for Nexo.
Article by SixJupiter
