Kyber Network: What’s the Latest Regarding its Price?
At the time of this writing, Kyber Network has a price of $0.4437 USD, which puts it up by approximately 1.19% from yesterday. The up day for Kyber Network yesterday was a reversal from the day before it, which puts its price at 2.16% below its 20 day moving average. Over the past two weeks, price has been in a down trend. To help contextualize yesterday’s price move, we can observe that price has rallied 4 of the past 5 days. Another data point we may find worthy of observation is that price for Kyber Network has increased 4 of the previous 5 days.
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 Kyber Network imply the currency may oscillate between $0.417552 and $0.489438, based on how price has behaved in the two weeks prior. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.
The market capitalization of Kyber Network, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $80 million.
Daily Engagement Metrics Update
Yesterday saw 606 transfers 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 64. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.04, with 321 wallets making a transfer this past day and 8,858 wallets having made a transfer in the past month.
Just How Rich are Kyber Network’s Richest Holders?
As for wealth distribution, the richest 1,000 wallets currently own 108.36% of the 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. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 8.52% 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 -0.19% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.51%.
The Latest on Kyber Network and Social Media
Traders interested in following Kyber Network has the biggest presence on Twitter, where it has 104,575 users engaged. Here is the Twitter page for Kyber Network.
Article by SixJupiter
