Nexo: What’s the Latest Regarding its Price?
Nexo’s current price, at the time of this writing, is $0.1139 USD, up by approximately 1.15% from the day prior. Nexo enters the day 10.61% above its 20 day moving average, and is experiencing its the 5th straight day up. Another data point we may find worthy of observation is that price for Nexo has increased 14 of the previous 30 days. And in terms of volume, yesterday’s price move ocurred on volume that was 64.45% 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 Nexo imply the currency may oscillate between $0.093736 and $0.11222, based on how price has behaved in the two weeks prior. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.
The market capitalization of Nexo, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $64 million.
Update on Transactions and Holders
165 transactions amongst holders of Nexo occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Nexo rise by 26. To understand loyalty or repeat usage amongst holders of Nexo, we can note that there were 74 wallets making a transaction yesterday, while 1,552 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 Nexo’s Richest Wallets
And in regards to wealth distribution, note that the top 1,000 Nexo wallets hold over 109.62% of the token’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 3.83% 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 -0.07% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.14%. Nexo’s smart contract owns approximately 0.02% of its own total money supply. This amount hasn’t changed over the past week.
Nexo’s Social Media Presence
Social media growth, in terms of Reddit subscribers, came in at up 18 over the past day for Nexo. If you are interested in following Nexo on social media, Twitter, where it has 48,725 following it, may be a good place to start. Use this link to follow Nexo on Twitter.
Article by SixJupiter
