How Did Kyber Network’s Price Fare Yesterday?
Kyber Network’s current price, at the time of this writing, is $0.435 USD, up by approximately 0.69% from the day prior. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 3.56% below its 20 day moving average, and is currently in a down trend over the past 14 days. To help contextualize yesterday’s price move, we can observe that price has rallied 5 of the past 10 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 75.49% 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 Kyber Network imply the currency may oscillate between $0.418147 and $0.483953, 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 $78 million.
Update on Transactions and Holders
Yesterday saw 595 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 74. To understand loyalty or repeat usage amongst holders of Kyber Network, we can note that there were 285 wallets making a transaction yesterday, while 8,664 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.03.
Observing Kyber Network’s Richest Wallets
As for wealth distribution, the richest 1,000 wallets currently own 108.35% of the 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. If we focus on exchanges, which may be an correlated with liquidity and greater confidence in the currency, the exchange wallets that are in the top 1,000 wallets own 8.4% of the currency’s total money supply. Exchange ownership grew by -0.65% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.16% over that time period.
The Latest on Kyber Network and Social Media
Traders interested in following Kyber Network has the biggest presence on Facebook, where it has NA users engaged.
Article by SixJupiter
