How Did KuCoin’s Price Fare Yesterday?
KuCoin is down by approximately 0.3% from the previous day, with its price currently hovering around $0.9023 USD. This marked the the 3rd consecutive day KuCoin has been down; it is still in a downtrend, and is currently 4.62% 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 4 of the past 10 days. And in terms of volume, yesterday’s price move ocurred on volume that was 36.32% 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 KuCoin imply the currency may oscillate between $0.882082 and $1.009878, 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.
The currency’s market cap currently stands at $73 million US dollars.
Straight Off the Chain
Over the past 24 hours, 74 transfers have been added to the blockchain recording transactions amongst holders of KuCoin. As for the number of holders, yesterday saw the number of wallets holding KuCoin decline by 23. In terms of recurring usage, we can note that 284 wallets have sent or received coins in the past month, while 39 have in the past day.
Just How Rich are KuCoin’s Richest Holders?
And in regards to wealth distribution, note that the top 1,000 KuCoin wallets hold over 210.75% 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. KuCoin’s smart contract owns approximately 0.01% of its own total money supply. This amount hasn’t changed over the past week.
KuCoin’s Social Media Presence
If you are interested in following KuCoin on social media, Twitter, where it has 351,320 following it, may be a good place to start. Here is the Twitter page for KuCoin.
Article by SixJupiter
