0x: What’s the Latest Regarding its Price?
0x’s current price, at the time of this writing, is $0.1656 USD, down by approximately 1.43% from the day prior. 0x is currently in a unclear , and it should be noted that this is now the the 3rd consecutive day that price has been down. Moreover, 0x is now 1.75% below its 20 day moving average. To help contextualize yesterday’s price move, we can observe that price has rallied 1 of the past 5 days. And in terms of volume, yesterday’s price move ocurred on volume that was 74.93% 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 0x imply the currency may oscillate between $0.15476 and $0.18234, based on how price has behaved in the two weeks prior. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
As for 0x’s market cap, it is currently at about $108M US dollars.
Update on Transactions and Holders
685 transactions amongst holders of 0x occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding 0x increase by 113. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.04, with 360 wallets making a transfer this past day and 8,279 wallets having made a transfer in the past month.
Observing 0x’s Richest Wallets
As for wealth distribution, the richest 1,000 wallets currently own 136.9% of the 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 7.39% 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 -0.07%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.11%. As for the 0x’s smart contract itself, that owns 0.02% of the total money supply, an amount unchanged from the week prior.
What’s Going on Social Media?
Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Here is the Twitter page for 0x.
Article by SixJupiter
