0x: What’s the Latest Regarding its Price?
0x’s current price, at the time of this writing, is $0.2035 USD, up by approximately 2.16% from the day prior. This marked the the 2nd straight day 0x has been up; it is still in an uptrend, and is currently 15.1% above its 20 day moving average; staying above this level may be critical to sustain short-term momentum. Another data point we may find worthy of observation is that price for 0x has increased 9 of the previous 14 days. And in terms of volume, yesterday’s price move ocurred on volume that was 89.19% greater than its 7 day average volume.
In terms of an expected trading range, the Bollinger bands on 0x suggest price may bounce between $0.153514 and $0.200096 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top of the range.
The currency’s market cap currently stands at $133 million US dollars.
Daily Engagement Metrics Update
Over the past 24 hours, 1,526 transfers have been added to the blockchain recording transactions 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 176. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.07, with 576 wallets making a transfer this past day and 8,184 wallets having made a transfer in the past month.
Just How Rich are 0x’s Richest Holders?
As for wealth distribution, the richest 1,000 wallets currently own 136.6% of the 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. 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 7.61% of the currency’s total money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.29%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.14%. 0x’s smart contract owns approximately 0.02% of its own total money supply. This amount hasn’t changed over the past week.
The Latest on 0x and Social Media
Facebook appears to be the most popular place to follow the company, and thus may be worth monitoring.
Article by SixJupiter
