0x Price Update
At the time of this writing, 0x has a price of $0.1549 USD, which puts it down by approximately 1.02% from yesterday. The down day for 0x yesterday was a reversal from the day before it, which puts its price at 1.93% above its 20 day moving average. Over the past two weeks, price has been in a unclear trend. Another data point we may find worthy of observation is that price for 0x has increased 6 of the previous 10 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 79.45% 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 $0.144461 and $0.159459. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.
The currency’s market cap currently stands at $101 million US dollars.
Update on Transactions and Holders
Over the past 24 hours, 517 transfers have been added to the blockchain recording transactions amongst holders of 0x. Regarding a tally of holders, Yesterday saw 0x’s wallet count jump by 92. In terms of recurring usage, we can note that 9,178 wallets have sent or received coins in the past month, while 339 have in the past day.
How are the Strong Holders of 0x Faring?
As for wealth distribution, the richest 1,000 wallets currently own 137.17% of the money supply. Incidentally, this value exceeds 100% because many owners are not yet able to sell (due to contractual provisions), and our supply metric only observes liquid supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 7.55% 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 -0.13% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.09%. The underlying smart contract itself for 0x owns 0.02% of the total money supply; over the past week, this amount has not changed.
The Latest on 0x and Social Media
In the past day, 0x’s Twitter followers and Reddit subscribers went up by 11 and 2, respectively. If you are interested in following 0x on social media, Twitter, where it has 152,415 following it, may be a good place to start. Here is the Twitter page for 0x.
Article by SixJupiter
