How Did KuCoin’s Price Fare Yesterday?
At the time of this writing, KuCoin has a price of $0.9537 USD, which puts it down by approximately 0.51% from yesterday. KuCoin is currently in an up, but it should be noted that this is now the the 2nd day in a row that price has been down. Moreover, KuCoin is now 1.65% above its 20 day moving average. From another vantage point, note that price has gone up 5 of the past 10 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 66.5% less than its 7 day average volume.
In terms of an expected trading range, the Bollinger bands on KuCoin suggest price may bounce between $0.897274 and $0.979096 based on its momentum and volatility over the past 14 days. Price’s current proximity to the top of the range may make selling an attractive opportunity to traders interested in trading the range.
As for KuCoin’s market cap, it is currently at about $77M US dollars.
Straight Off the Chain
Over the past 24 hours, 54 transfers have been added to the blockchain recording transactions amongst holders of KuCoin. In terms of estimating the number of holders, over the past day the total number of wallets holding KuCoin has gone down by approximately 2. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.16, with 49 wallets making a transfer this past day and 306 wallets having made a transfer in the past month.
Observing KuCoin’s Richest Wallets
As for wealth distribution, the richest 1,000 wallets currently own 210.75% 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 KuCoin have ownership they cannot sell at this time — but may be able to in the future. As for the KuCoin’s smart contract itself, that owns 0.01% of the total money supply, an amount unchanged from the week prior.
KuCoin’s Social Media Presence
In terms of social media presence, KuCoin saw its Twitter followers and Reddit subscribers go up by 717 and 4 over the past 24 hours. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Here is the Twitter page for KuCoin.
Article by SixJupiter
