How Did Nexo’s Price Fare Yesterday?
Nexo is down by approximately 0.48% from the previous day, with its price currently hovering around $0.1034 USD. Nexo enters the day 4.55% below its 20 day moving average, and is experiencing its the 4th straight day down. Another data point we may find worthy of observation is that price for Nexo has increased 4 of the previous 10 days. Another data point we may find worthy of observation is that price for Nexo has increased 4 of the previous 10 days.
As for Nexo’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 $0.101185 and $0.115475. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
The currency’s market cap currently stands at $58 million US dollars.
Update on Transactions and Holders
234 transactions amongst holders of Nexo occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding Nexo has gone up by approximately 34. In terms of recurring usage, we can note that 1,237 wallets have sent or received coins in the past month, while 91 have in the past day.
Observing Nexo’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 109.46% of the coin’s total money supply. This number is greater than 100% because many of the token holders are not able to sell them yet, and thus their numbers are not included in the supply yet, though they can be regarded as future sellers when they are able to sell. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 4.11% 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 -0.07% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.13%. Nexo’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?
In the past day, Nexo’s Reddit subscribers went up by 4, respectively. Traders interested in following Nexo has the biggest presence on Twitter, where it has 48,846 users engaged. Here is the Twitter page for Nexo.
Article by SixJupiter
