0x Price Update
0x’s current price, at the time of this writing, is $0.1705 USD, up by approximately 0.65% from the day prior. 0x enters the day 0.56% above its 20 day moving average, and is experiencing its the 2nd straight day up. From another vantage point, note that price has gone up 5 of the past 10 days. And in terms of volume, yesterday’s price move ocurred on volume that was 77.34% less than its 7 day average volume.
As for 0x’s expected trading range — as forecasted by the Bollinger bands indicator, which determines a range based on momentum and volatility over the past two weeks — is between $0.156519 and $0.182591. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.
As for 0x’s market cap, it is currently at about $111M US dollars.
Straight Off the Chain
Over the past 24 hours, 681 transfers have been added to the blockchain recording transactions amongst holders of 0x. Regarding a tally of holders, Yesterday saw 0x’s wallet count increase by 45. 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 336 wallets making a transfer this past day and 8,186 wallets having made a transfer in the past month.
Just How Rich are 0x’s Richest Holders?
As for wealth distribution, the richest 1,000 wallets currently own 136.88% of the 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. 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 7.32% 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 -0.1%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.13%. The underlying smart contract itself for 0x owns 0.02% of the total money supply; over the past week, this amount has not changed.
The Latest on 0x and Social Media
If you are interested in following 0x on social media, Twitter, where it has 152,335 following it, may be a good place to start. You can follow 0x on Twitter here.
Article by SixJupiter
