KuCoin: What’s the Latest Regarding its Price?
KuCoin is up by approximately 5.65% from the previous day, with its price currently hovering around $1.034 USD. This marked the the 2nd consecutive day KuCoin has been up; it is still in a unclear trend, and is currently 0.06% above its 20 day moving average; staying above this level may be critical to sustain short-term momentum. Another data point we may find worthy of observation is that price for KuCoin has increased 3 of the previous 5 days. Another data point we may find worthy of observation is that price for KuCoin has increased 3 of the previous 5 days.
As for KuCoin’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 $0.905276 and $1.161564. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.
The market capitalization of KuCoin, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $85 million.
Daily Engagement Metrics Update
Yesterday saw 49 transfers amongst holders of KuCoin. In terms of estimating the number of holders, over the past day the total number of wallets holding KuCoin has gone up by approximately 1. In terms of recurring usage, we can note that 388 wallets have sent or received coins in the past month, while 14 have in the past day.
Observing KuCoin’s Richest Wallets
And in regards to wealth distribution, note that the top 1,000 KuCoin wallets hold over 209.94% of the token’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. 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 55 and 3 over the past day for KuCoin. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Use this link to follow KuCoin on Twitter.
Article by SixJupiter
