April 6, 2020: KuCoin (KCS): Up 1.27%

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KuCoin: What’s the Latest Regarding its Price?

KuCoin is up by approximately 1.27% from the previous day, with its price currently hovering around $0.9647 USD. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a down trend, and is currently 6.71% below its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. To help contextualize yesterday’s price move, we can observe that price has rallied 12 of the past 30 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 4.82% greater than its 7 day average volume.

In terms of an expected trading range, the Bollinger bands on KuCoin suggest price may bounce between $0.868914 and $1.199226 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.

The currency’s market cap currently stands at $79 million US dollars.

Daily Engagement Metrics Update

Yesterday saw 9 transfers amongst holders of KuCoin. As for the number of holders, yesterday saw the number of wallets holding KuCoin jump by 2. In terms of recurring usage, we can note that 404 wallets have sent or received coins in the past month, while 11 have in the past day.

How are the Strong Holders of KuCoin Faring?

In terms of wealth concentration, the richest 1,000 wallets own 209.94% of the coin’s total money supply. To further clarify, our supply metric focuses only on supply that is publicly available while many large holders may have tokens they are not able to sell yet — which is why this value can exceed 100%. KuCoin’s smart contract owns approximately 0.01% of its own total money supply. This amount hasn’t changed over the past week.

What’s Going on Social Media?

Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 130 and 5 over the past day for KuCoin. If you are interested in following KuCoin on social media, Twitter, where it has 351,093 following it, may be a good place to start. Here is the Twitter page for KuCoin.

Article by SixJupiter

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