Kyber Network Price Update
At the time of this writing, Kyber Network has a price of $0.4696 USD, which puts it down by approximately 0.53% from yesterday. The down day for Kyber Network yesterday was a reversal from the day before it, which puts its price at 0.86% below its 20 day moving average. Over the past two weeks, price has been in a unclear trend. To help contextualize yesterday’s price move, we can observe that price has rallied 5 of the past 10 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 80.65% 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 $0.454611 and $0.492729 based on its momentum and volatility over the past 14 days. 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 $85 million US dollars.
Daily Engagement Metrics Update
Yesterday saw 600 transfers amongst holders of Kyber Network. Regarding a tally of holders, Yesterday saw Kyber Network’s wallet count jump by 86. To understand loyalty or repeat usage amongst holders of Kyber Network, we can note that there were 237 wallets making a transaction yesterday, while 6,000 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.
Just How Rich are Kyber Network’s Richest Holders?
As for wealth distribution, the richest 1,000 wallets currently own 107.52% of the 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. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 7.77% of the currency’s money supply. Exchange ownership grew by -0.78% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.22% over that time period.
The Latest on Kyber Network and Social Media
If you are interested in following Kyber Network on social media, Twitter, where it has 105,071 following it, may be a good place to start. Here is the Twitter page for Kyber Network.
Article by SixJupiter
