How Did Kyber Network’s Price Fare Yesterday?
Kyber Network’s current price, at the time of this writing, is $0.665 USD, down by approximately 1.74% from the day prior. The down day for Kyber Network yesterday was a reversal from the day before it, which puts its price at 25.46% 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 16 of the past 30 days. Another data point we may find worthy of observation is that price for Kyber Network has increased 16 of the previous 30 days.
As for Kyber Network’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 $0.335252 and $0.724888. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.
As for Kyber Network’s market cap, it is currently at about $120M US dollars.
Straight Off the Chain
Yesterday saw 2,627 transfers amongst holders of Kyber Network. As for the number of holders, yesterday saw the number of wallets holding Kyber Network rise by 34. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.11, with 834 wallets making a transfer this past day and 7,486 wallets having made a transfer in the past month.
How are the Strong Holders of Kyber Network Faring?
In terms of wealth concentration, the richest 1,000 wallets own 107.46% of the coin’s total money supply. Ownership exceeding 100% is due to the fact that our supply metric is focused just on available supply, and some large owners of Kyber Network have ownership they cannot sell at this time — but may be able to in the future. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 7.44% 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 -0.29% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.35%.
Kyber Network’s Social Media Presence
Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. You can follow Kyber Network on Twitter here.
Article by SixJupiter
