How Did Nexo’s Price Fare Yesterday?
Nexo is up by approximately 1.09% from the previous day, with its price currently hovering around $0.1112 USD. The up day for Nexo yesterday was a reversal from the day before it, which puts its price at 7.1% above its 20 day moving average. Over the past two weeks, price has been in an up trend. Another data point we may find worthy of observation is that price for Nexo has increased 13 of the previous 30 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 91.07% less than its 7 day average volume.
As for Nexo’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 $0.09499 and $0.112666. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.
As for Nexo’s market cap, it is currently at about $63M US dollars.
Daily Engagement Metrics Update
Yesterday saw 161 transfers amongst holders of Nexo. As for the number of holders, yesterday saw the number of wallets holding Nexo rise by 29. In terms of recurring usage, we can note that 1,515 wallets have sent or received coins in the past month, while 40 have in the past day.
How are the Strong Holders of Nexo Faring?
And in regards to wealth distribution, note that the top 1,000 Nexo wallets hold over 109.61% of the token’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 Nexo have ownership they cannot sell at this time — but may be able to in the future. 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 3.84% of the currency’s money supply. Exchange ownership grew by -0.07% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.07% over that time period. The underlying smart contract itself for Nexo owns 0.02% of the total money supply; over the past week, this amount has not changed.
The Latest on Nexo and Social Media
In terms of social media presence, Nexo saw its Twitter followers and Reddit subscribers go up by 10 and 14 over the past 24 hours. If you are interested in following Nexo on social media, Twitter, where it has 48,735 following it, may be a good place to start. Here is the Twitter page for Nexo.
Article by SixJupiter
