KuCoin Price Update
At the time of this writing, KuCoin has a price of $0.9608 USD, which puts it down by approximately 4.21% from yesterday. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in an up trend, and is currently 2.21% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. Another data point we may find worthy of observation is that price for KuCoin has increased 7 of the previous 14 days. And in terms of volume, yesterday’s price move ocurred on volume that was 17.09% greater than its 7 day average volume.
In terms of an expected trading range, the Bollinger bands on KuCoin suggest price may bounce between $0.890073 and $0.989977 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 currency’s market cap currently stands at $78 million US dollars.
Update on Transactions and Holders
164 transactions amongst holders of KuCoin occurred yesterday. Regarding a tally of holders, Yesterday saw KuCoin’s wallet count rise by 1. To understand loyalty or repeat usage amongst holders of KuCoin, we can note that there were 67 wallets making a transaction yesterday, while 336 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.2.
Just How Rich are KuCoin’s Richest Holders?
And in regards to wealth distribution, note that the top 1,000 KuCoin wallets hold over 210.75% 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. As for the KuCoin’s smart contract itself, that owns 0.01% of the total money supply, an amount unchanged from the week prior.
KuCoin’s Social Media Presence
Traders interested in following KuCoin has the biggest presence on Twitter, where it has 352,236 users engaged. Use this link to follow KuCoin on Twitter.
Article by SixJupiter
