How Did 0x’s Price Fare Yesterday?
At the time of this writing, 0x has a price of $0.1854 USD, which puts it down by approximately 0.22% from yesterday. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in an up trend, and is currently 6.74% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. From another vantage point, note that price has gone up 7 of the past 14 days. And in terms of volume, yesterday’s price move ocurred on volume that was 60.98% less than its 7 day average volume.
In terms of an expected trading range, the Bollinger bands on 0x suggest price may bounce between $0.160709 and $0.186661 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.
The market capitalization of 0x, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $121 million.
Update on Transactions and Holders
Yesterday saw 1,347 transfers amongst holders of 0x. In terms of estimating the number of holders, over the past day the total number of wallets holding 0x has gone up by approximately 115. In terms of recurring usage, we can note that 8,116 wallets have sent or received coins in the past month, while 402 have in the past day.
Just How Rich are 0x’s Richest Holders?
As for wealth distribution, the richest 1,000 wallets currently own 136.79% of the 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 6.98% of the currency’s money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.18%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.39%. 0x’s smart contract owns approximately 0.02% of its own total money supply. This amount hasn’t changed over the past week.
0x’s Social Media Presence
If you are interested in following 0x on social media, Twitter, where it has 152,337 following it, may be a good place to start. Here is the Twitter page for 0x.
Article by SixJupiter
