KuCoin Price Update
KuCoin’s current price, at the time of this writing, is $0.9577 USD, down by approximately 0.41% from the day prior. 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 1.75% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. To help contextualize yesterday’s price move, we can observe that price has rallied 16 of the past 30 days. And in terms of volume, yesterday’s price move ocurred on volume that was 46.99% less than its 7 day average volume.
As for KuCoin’s expected trading range — as forecasted by the Bollinger bands indicator, which determines a range based on momentum and volatility over the past two weeks — is between $0.901087 and $0.981423. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.
The market capitalization of KuCoin, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $78 million.
Update on Transactions and Holders
87 transactions amongst holders of KuCoin occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding KuCoin has gone up by approximately 1. To understand loyalty or repeat usage amongst holders of KuCoin, we can note that there were 39 wallets making a transaction yesterday, while 313 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.12.
How are the Strong Holders of KuCoin Faring?
And in regards to wealth distribution, note that the top 1,000 KuCoin wallets hold over 210.75% 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 KuCoin have ownership they cannot sell at this time — but may be able to in the future. KuCoin’s smart contract owns approximately 0.01% of its own total money supply. This amount hasn’t changed over the past week.
KuCoin’s Social Media Presence
In the past day, KuCoin’s Twitter followers and Reddit subscribers went up by 225 and 8, respectively. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. You can follow KuCoin on Twitter here.
Article by SixJupiter
