How Did KuCoin’s Price Fare Yesterday?
KuCoin’s current price, at the time of this writing, is $0.9614 USD, up by approximately 1.3% from the day prior. The up day for KuCoin yesterday was a reversal from the day before it, which puts its price at 2.66% above its 20 day moving average. Over the past two weeks, price has been in an up trend. Another data point we may find worthy of observation is that price for KuCoin has increased 8 of the previous 14 days. And in terms of volume, yesterday’s price move ocurred on volume that was 17.63% greater 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 $0.898789 and $0.974111. 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 $78 million US dollars.
Update on Transactions and Holders
Yesterday saw 89 transfers amongst holders of KuCoin. As for the number of holders, yesterday saw the number of wallets holding KuCoin jump by 3. In terms of recurring usage, we can note that 319 wallets have sent or received coins in the past month, while 49 have in the past day.
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. As for the KuCoin’s smart contract itself, that owns 0.01% of the total money supply, an amount unchanged from the week prior.
The Latest on KuCoin and Social Media
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 107 and 4 over the past day for KuCoin. 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
