How Did 0x’s Price Fare Yesterday?
0x is down by approximately 6.74% from the previous day, with its price currently hovering around $0.1993 USD. The down day for 0x yesterday was a reversal from the day before it, which puts its price at 10.17% above its 20 day moving average. Over the past two weeks, price has been in an up trend. From another vantage point, note that price has gone up 3 of the past 5 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 51.76% less than its 7 day average volume.
As for 0x’s expected trading range — as forecasted by the Bollinger bands indicator, which determines a range based on momentum and volatility over the past two weeks — is between $0.149328 and $0.212492. Price’s current proximity to the top of the range may make selling an attractive opportunity to traders interested in trading the range.
The currency’s market cap currently stands at $130 million US dollars.
Straight Off the Chain
Over the past 24 hours, 1,450 transfers have been added to the blockchain recording transactions amongst holders of 0x. In terms of estimating the number of holders, over the past day the total number of wallets holding 0x has gone up by approximately 260. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.07, with 628 wallets making a transfer this past day and 8,725 wallets having made a transfer in the past month.
Observing 0x’s Richest Wallets
And in regards to wealth distribution, note that the top 1,000 0x wallets hold over 136.49% 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. 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 6.84% of the currency’s money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.27%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.4%. 0x’s smart contract owns approximately 0.02% of its own total money supply. This amount hasn’t changed over the past week.
What’s Going on Social Media?
Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Here is the Twitter page for 0x.
Article by SixJupiter
