April 6, 2020: Kyber Network (KNC): Up 3.69%

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Kyber Network Price Update

Kyber Network’s current price, at the time of this writing, is $0.4496 USD, up by approximately 3.69% 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 0.74% 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 7 of the past 14 days. And in terms of volume, yesterday’s price move ocurred on volume that was 25.23% less than its 7 day average volume.

As for Kyber Network’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 $0.425488 and $0.480392. 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 $81 million US dollars.

Daily Engagement Metrics Update

Over the past 24 hours, 997 transfers have been added to the blockchain recording transactions amongst holders of Kyber Network. Regarding a tally of holders, Yesterday saw Kyber Network’s wallet count jump by 58. To understand loyalty or repeat usage amongst holders of Kyber Network, we can note that there were 264 wallets making a transaction yesterday, while 8,274 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

And in regards to wealth distribution, note that the top 1,000 Kyber Network wallets hold over 108.32% 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 Kyber Network 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 8.4% of the currency’s money supply. Exchange ownership grew by -0.48% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.14% over that time period.

What’s Going on Social Media?

In terms of social media presence, Kyber Network saw its Twitter followers and Reddit subscribers go up by 52 and 2 over the past 24 hours. Traders interested in following Kyber Network has the biggest presence on Twitter, where it has 104,786 users engaged. Use this link to follow Kyber Network on Twitter.

Article by SixJupiter

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