KuCoin Price Update
KuCoin is down by approximately 0.44% from the previous day, with its price currently hovering around $0.9252 USD. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 1.98% below its 20 day moving average, and is currently in a unclear trend over the past 14 days. Another data point we may find worthy of observation is that price for KuCoin has increased 1 of the previous 5 days. And in terms of volume, yesterday’s price move ocurred on volume that was 18.2% 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 $0.914928 and $0.972912, 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.
As for KuCoin’s market cap, it is currently at about $75M US dollars.
Update on Transactions and Holders
Yesterday saw 187 transfers amongst holders of KuCoin. As for the number of holders, yesterday saw the number of wallets holding KuCoin drop by 0. In terms of recurring usage, we can note that 295 wallets have sent or received coins in the past month, while 52 have in the past day.
Just How Rich are KuCoin’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 210.75% of the coin’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%. As for the KuCoin’s smart contract itself, that owns 0.01% 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. You can follow KuCoin on Twitter here.
Article by SixJupiter
