0x: What’s the Latest Regarding its Price?
0x is up by approximately 1.75% from the previous day, with its price currently hovering around $0.1569 USD. 0x is currently in a unclear , and it should be noted that this is now the the 2nd day in a row that price has been up. Moreover, 0x is now 3.71% above its 20 day moving average. From another vantage point, note that price has gone up 7 of the past 10 days. Another data point we may find worthy of observation is that price for 0x has increased 7 of the previous 10 days.
In terms of an expected trading range, the Bollinger bands on 0x suggest price may bounce between $0.141324 and $0.161246 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.
The market capitalization of 0x, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $102 million.
Straight Off the Chain
Over the past 24 hours, 1,011 transfers have been added to the blockchain recording transactions amongst holders of 0x. Regarding a tally of holders, Yesterday saw 0x’s wallet count rise by 94. To understand loyalty or repeat usage amongst holders of 0x, we can note that there were 445 wallets making a transaction yesterday, while 9,359 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.05.
Observing 0x’s Richest Wallets
And in regards to wealth distribution, note that the top 1,000 0x wallets hold over 137.21% of the token’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 7.53% 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 -0.09% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.24%. The underlying smart contract itself for 0x owns 0.02% of the total money supply; over the past week, this amount has not changed.
What’s Going on Social Media?
In terms of social media presence, 0x saw its Reddit subscribers go up by 1 over the past 24 hours. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. You can follow 0x on Twitter here.
Article by SixJupiter
