How Did Kyber Network’s Price Fare Yesterday?
Kyber Network’s current price, at the time of this writing, is $0.6495 USD, down by approximately 6.6% from the day prior. The down day for Kyber Network yesterday was a reversal from the day before it, which puts its price at 29.05% above its 20 day moving average. Over the past two weeks, price has been in an up trend. From another vantage point, note that price has gone up 9 of the past 14 days. Another data point we may find worthy of observation is that price for Kyber Network has increased 9 of the previous 14 days.
Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for Kyber Network imply the currency may oscillate between $0.35554 and $0.65106, based on how price has behaved in the two weeks prior. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.
The currency’s market cap currently stands at $118 million US dollars.
Daily Engagement Metrics Update
Yesterday saw 4,202 transfers amongst holders of Kyber Network. Regarding a tally of holders, Yesterday saw Kyber Network’s wallet count jump by 387. In terms of recurring usage, we can note that 6,745 wallets have sent or received coins in the past month, while 966 have in the past day.
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 107.29% of the token’s total 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%. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 8.07% of the currency’s money supply. Exchange ownership grew by -0.13% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.41% over that time period.
Kyber Network’s Social Media Presence
Traders interested in following Kyber Network has the biggest presence on Facebook, where it has NA users engaged.
Article by SixJupiter
