April 6, 2020: Augur (REP): Up 2.53%


Augur Price Update

Augur is up by approximately 2.53% from the previous day, with its price currently hovering around $9.972 USD. The up day for Augur yesterday was a reversal from the day before it, which puts its price at 6.36% above its 20 day moving average. Over the past two weeks, price has been in an up trend. To help contextualize yesterday’s price move, we can observe that price has rallied 5 of the past 10 days. And in terms of volume, yesterday’s price move ocurred on volume that was 97.1% less than its 7 day average volume.

In terms of an expected trading range, the Bollinger bands on Augur suggest price may bounce between $8.483428 and $10.26867 based on its momentum and volatility over the past 14 days. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.

The market capitalization of Augur, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $110 million.

Update on Transactions and Holders

NA transactions amongst holders of Augur occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding Augur has gone NA by approximately NA. To understand loyalty or repeat usage amongst holders of Augur, we can note that there were NA wallets making a transaction yesterday, while NA wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about NA.

How are the Strong Holders of Augur Faring?

In terms of wealth concentration, the richest 1,000 wallets own 66.11% of the coin’s total money supply. 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 1.56% of the currency’s total money supply. Exchange ownership grew by 0.22% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.35% over that time period.

Article by SixJupiter

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