KuCoin: What’s the Latest Regarding its Price?
At the time of this writing, KuCoin has a price of $0.948 USD, which puts it down by approximately 1.38% from yesterday. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 8.12% below its 20 day moving average, and is currently in a down trend over the past 14 days. From another vantage point, note that price has gone up 3 of the past 10 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 51.49% less than its 7 day average volume.
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 KuCoin imply the currency may oscillate between $0.816291 and $1.247359, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
The market capitalization of KuCoin, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $78 million.
Straight Off the Chain
Over the past 24 hours, 156 transfers have been added to the blockchain recording transactions amongst holders of KuCoin. Regarding a tally of holders, Yesterday saw KuCoin’s wallet count rise by 3. To understand loyalty or repeat usage amongst holders of KuCoin, we can note that there were 57 wallets making a transaction yesterday, while 441 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.13.
Observing KuCoin’s Richest Wallets
As for wealth distribution, the richest 1,000 wallets currently own 209.94% of the 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%. KuCoin’s smart contract owns approximately 0.01% of its own total money supply. This amount hasn’t changed over the past week.
The Latest on KuCoin and Social Media
Traders interested in following KuCoin has the biggest presence on Twitter, where it has 350,752 users engaged. Here is the Twitter page for KuCoin.
Article by SixJupiter
