April 21, 2020: Kyber Network (KNC): Down 0.7%; 3rd Consecutive Down Day


How Did Kyber Network’s Price Fare Yesterday?

At the time of this writing, Kyber Network has a price of $0.4553 USD, which puts it down by approximately 0.7% from yesterday. Kyber Network is currently in a down, and it should be noted that this is now the the 3rd day in a row that price has been down. Moreover, Kyber Network is now 3.1% below its 20 day moving average. From another vantage point, note that price has gone up 5 of the past 14 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 85.29% 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 $0.433037 and $0.506673, based on how price has behaved in the two weeks prior. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.

The market capitalization of Kyber Network, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $82 million.

Update on Transactions and Holders

1,022 transactions amongst holders of Kyber Network occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding Kyber Network has gone up by approximately 53. 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 255 wallets making a transfer this past day and 6,090 wallets having made a transfer in the past month.

Just How Rich are Kyber Network’s Richest Holders?

As for wealth distribution, the richest 1,000 wallets currently own 107.59% of the money supply. Ownership exceeding 100% is due to the fact that our supply metric is focused just on available supply, and some large owners of Kyber Network have ownership they cannot sell at this time — but may be able to in the future. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 8.03% 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 -0.19% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.57%.

Kyber Network’s Social Media Presence

In the past day, Kyber Network’s Twitter followers and Reddit subscribers went up by 12 and 3, respectively. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. You can follow Kyber Network on Twitter here.

Article by SixJupiter

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