How Did Kyber Network’s Price Fare Yesterday?
At the time of this writing, Kyber Network has a price of $0.6334 USD, which puts it up by approximately 13.96% from yesterday. This marked the the 6th consecutive day Kyber Network has been up; it is still in an uptrend, and is currently 28.73% 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 17 of the past 30 days. And in terms of volume, yesterday’s price move ocurred on volume that was 189.23% greater than its 7 day average volume.
In terms of an expected trading range, the Bollinger bands on Kyber Network suggest price may bounce between $0.395906 and $0.588154 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 shorting opportunities.
The currency’s market cap currently stands at $115 million US dollars.
Straight Off the Chain
Over the past 24 hours, 1,758 transfers have been added to the blockchain recording transactions amongst holders of Kyber Network. 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 216. To understand loyalty or repeat usage amongst holders of Kyber Network, we can note that there were 534 wallets making a transaction yesterday, while 6,295 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.08.
Just How Rich are Kyber Network’s Richest Holders?
And in regards to wealth distribution, note that the top 1,000 Kyber Network wallets hold over 107.35% of the token’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 Kyber Network 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 7.94% 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 -0.35% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.42%.
Kyber Network’s Social Media Presence
Traders interested in following Kyber Network has the biggest presence on Twitter, where it has 105,130 users engaged. You can follow Kyber Network on Twitter here.
Article by SixJupiter
