How Did 0x’s Price Fare Yesterday?
At the time of this writing, 0x has a price of $0.1783 USD, which puts it up by approximately 1.36% from yesterday. 0x enters the day 3.82% above its 20 day moving average, and is experiencing its the 4th straight day up. Another data point we may find worthy of observation is that price for 0x has increased 8 of the previous 14 days. Another data point we may find worthy of observation is that price for 0x has increased 8 of the previous 14 days.
In terms of an expected trading range, the Bollinger bands on 0x suggest price may bounce between $0.163276 and $0.180214 based on its momentum and volatility over the past 14 days. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.
The currency’s market cap currently stands at $118 million US dollars.
Update on Transactions and Holders
Yesterday saw 582 transfers amongst holders of 0x. As for the number of holders, yesterday saw the number of wallets holding 0x jump by 184. In terms of recurring usage, we can note that 8,176 wallets have sent or received coins in the past month, while 408 have in the past day.
How are the Strong Holders of 0x Faring?
And in regards to wealth distribution, note that the top 1,000 0x wallets hold over 136.83% of the token’s total 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 7.1% of the currency’s total money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.15% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.3%. The underlying smart contract itself for 0x owns 0.02% of the total money supply; over the past week, this amount has not changed.
What’s Going on Social Media?
Social media growth, in terms of Twitter followers, came in at up 2 over the past day for 0x. Traders interested in following 0x has the biggest presence on Twitter, where it has 152,337 users engaged. You can follow 0x on Twitter here.
Article by SixJupiter
