Kyber Network Price Update
At the time of this writing, Kyber Network has a price of $0.4942 USD, which puts it up by approximately 4.09% from yesterday. Kyber Network is currently in a unclear , and it should be noted that this is now the the 4th consecutive day that price has been up. Moreover, Kyber Network is now 3.79% above its 20 day moving average. From another vantage point, note that price has gone up 6 of the past 10 days. Another data point we may find worthy of observation is that price for Kyber Network has increased 6 of the previous 10 days.
In terms of an expected trading range, the Bollinger bands on Kyber Network suggest price may bounce between $0.454236 and $0.498044 based on its momentum and volatility over the past 14 days. Price’s current proximity to the top of the range may make selling an attractive opportunity to traders interested in trading the range.
As for Kyber Network’s market cap, it is currently at about $89M US dollars.
Daily Engagement Metrics Update
521 transactions amongst holders of Kyber Network occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding Kyber Network has gone up by approximately 96. To understand loyalty or repeat usage amongst holders of Kyber Network, we can note that there were 249 wallets making a transaction yesterday, while 5,975 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.
How are the Strong Holders of Kyber Network Faring?
As for wealth distribution, the richest 1,000 wallets currently own 107.48% 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 7.66% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.26% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.79%.
What’s Going on Social Media?
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 59 and 2 over the past day for Kyber Network. Traders interested in following Kyber Network has the biggest presence on Twitter, where it has 105,130 users engaged. Use this link to follow Kyber Network on Twitter.
Article by SixJupiter
