0x: What’s the Latest Regarding its Price?
At the time of this writing, 0x has a price of $0.1855 USD, which puts it up by approximately 0.6% from yesterday. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 6.36% above its 20 day moving average, and is currently in an up trend over the past 14 days. From another vantage point, note that price has gone up 4 of the past 5 days. Another data point we may find worthy of observation is that price for 0x has increased 4 of the previous 5 days.
In terms of an expected trading range, the Bollinger bands on 0x suggest price may bounce between $0.160392 and $0.188438 based on its momentum and volatility over the past 14 days. Price’s current proximity to the top of the range may make shorting 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.
Straight Off the Chain
1,103 transactions amongst holders of 0x occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding 0x increase by 210. In terms of recurring usage, we can note that 8,120 wallets have sent or received coins in the past month, while 429 have in the past day.
How are the Strong Holders of 0x Faring?
In terms of wealth concentration, the richest 1,000 wallets own 136.71% of the coin’s total money supply. Ownership exceeding 100% is due to the fact that our supply metric is focused just on available supply, and some large owners of 0x have ownership they cannot sell at this time — but may be able to in the future. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 7.82% of the currency’s money supply. Exchange ownership grew by 0.41% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.2% over that time period. 0x’s smart contract owns approximately 0.02% of its own total money supply. This amount hasn’t changed over the past week.
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 0x on Twitter here.
Article by SixJupiter
