Kyber Network Price Update
Kyber Network is down by approximately 0.34% from the previous day, with its price currently hovering around $0.6678 USD. Kyber Network is currently in an up, but it should be noted that this is now the the 3rd consecutive day that price has been down. Moreover, Kyber Network is now 28.48% above its 20 day moving average. From another vantage point, note that price has gone up 6 of the past 10 days. Another data point we may find worthy of observation is that price for Kyber Network has increased 6 of the previous 10 days.
In terms of an expected trading range, the Bollinger bands on Kyber Network suggest price may bounce between $0.334479 and $0.705091 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top of the range.
The currency’s market cap currently stands at $121 million US dollars.
Straight Off the Chain
Over the past 24 hours, 1,255 transfers have been added to the blockchain recording transactions amongst holders of Kyber Network. In terms of estimating the number of holders, over the past day the total number of wallets holding Kyber Network has gone up by approximately 133. To understand loyalty or repeat usage amongst holders of Kyber Network, we can note that there were 427 wallets making a transaction yesterday, while 7,080 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.06.
Just How Rich are Kyber Network’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 107.4% of the coin’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%. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 7.15% 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 -0.4% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.79%.
What’s Going on Social Media?
In terms of social media presence, Kyber Network saw its Twitter followers and Reddit subscribers go up by 18 and 8 over the past 24 hours. If you are interested in following Kyber Network on social media, Twitter, where it has 105,408 following it, may be a good place to start. Here is the Twitter page for Kyber Network.
Article by SixJupiter
