0x: What’s the Latest Regarding its Price?
0x is up by approximately 4.47% from the previous day, with its price currently hovering around $0.1775 USD. 0x is currently in an up, and it should be noted that this is now the the 2nd day in a row that price has been up. Moreover, 0x is now 14.66% above its 20 day moving average. Another data point we may find worthy of observation is that price for 0x has increased 10 of the previous 14 days. And in terms of volume, yesterday’s price move ocurred on volume that was 16.88% less than its 7 day average volume.
Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for 0x imply the currency may oscillate between $0.137816 and $0.171794, based on how price has behaved in the two weeks prior. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.
The market capitalization of 0x, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $116 million.
Update on Transactions and Holders
Yesterday saw 1,413 transfers amongst holders of 0x. As for the number of holders, yesterday saw the number of wallets holding 0x jump by 128. In terms of recurring usage, we can note that 9,077 wallets have sent or received coins in the past month, while 457 have in the past day.
Just How Rich are 0x’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 137.14% of the coin’s total money supply. This number is greater than 100% because many of the token holders are not able to sell them yet, and thus their numbers are not included in the supply yet, though they can be regarded as future sellers when they are able to sell. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 7.62% 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 -0.03% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.23%. 0x’s smart contract owns approximately 0.02% of its own total money supply. This amount hasn’t changed over the past week.
The Latest on 0x and Social Media
Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. You can follow 0x on Twitter here.
Article by SixJupiter
