Kyber Network: What’s the Latest Regarding its Price?
At the time of this writing, Kyber Network has a price of $0.4664 USD, which puts it up by approximately 1.3% from yesterday. Kyber Network enters the day 1.08% below its 20 day moving average, but is experiencing its the 2nd day in a row up. Another data point we may find worthy of observation is that price for Kyber Network has increased 15 of the previous 30 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 84.78% less than its 7 day average volume.
In terms of an expected trading range, the Bollinger bands on Kyber Network suggest price may bounce between $0.442879 and $0.500131 based on its momentum and volatility over the past 14 days. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
As for Kyber Network’s market cap, it is currently at about $84M US dollars.
Update on Transactions and Holders
571 transactions amongst holders of Kyber Network occurred yesterday. Regarding a tally of holders, Yesterday saw Kyber Network’s wallet count increase by 60. To understand loyalty or repeat usage amongst holders of Kyber Network, we can note that there were 239 wallets making a transaction yesterday, while 6,010 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.04.
Observing Kyber Network’s Richest Wallets
And in regards to wealth distribution, note that the top 1,000 Kyber Network wallets hold over 107.57% of the token’s total 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%. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 7.92% of the currency’s money supply. Exchange ownership grew by -0.77% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.18% over that time period.
Kyber Network’s Social Media Presence
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
