How Did 0x’s Price Fare Yesterday?
0x is down by approximately 2.81% from the previous day, with its price currently hovering around $0.2009 USD. 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 12.79% 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 8 of the previous 14 days. Another data point we may find worthy of observation is that price for 0x has increased 8 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 0x imply the currency may oscillate between $0.151223 and $0.205007, based on how price has behaved in the two weeks prior. Price’s current proximity to the top of the range may make selling an attractive opportunity to traders interested in trading the range.
The currency’s market cap currently stands at $131 million US dollars.
Update on Transactions and Holders
1,759 transactions amongst holders of 0x occurred yesterday. Regarding a tally of holders, Yesterday saw 0x’s wallet count jump by 198. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.08, with 646 wallets making a transfer this past day and 8,371 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 136.58% of the money supply. Incidentally, this value exceeds 100% because many owners are not yet able to sell (due to contractual provisions), and our supply metric only observes liquid supply. 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 7.16% of the currency’s money supply. Exchange ownership grew by -0.23% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.29% over that time period. 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
Traders interested in following 0x has the biggest presence on Twitter, where it has 152,424 users engaged. Use this link to follow 0x on Twitter.
Article by SixJupiter
