How Did Kyber Network’s Price Fare Yesterday?
Kyber Network’s current price, at the time of this writing, is $0.4849 USD, up by approximately 5.69% from the day prior. This marked the the 2nd straight day Kyber Network has been up; it is still in a unclear trend, and is currently 6.69% above 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 6 of the past 10 days. Another data point we may find worthy of observation is that price for Kyber Network has increased 6 of the previous 10 days.
In terms of an expected trading range, the Bollinger bands on Kyber Network suggest price may bounce between $0.423354 and $0.485646 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 currency’s market cap currently stands at $87 million US dollars.
Daily Engagement Metrics Update
Yesterday saw 1,317 transfers amongst holders of Kyber Network. Regarding a tally of holders, Yesterday saw Kyber Network’s wallet count jump by 52. To understand loyalty or repeat usage amongst holders of Kyber Network, we can note that there were 427 wallets making a transaction yesterday, while 8,070 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.05.
Just How Rich are Kyber Network’s Richest Holders?
And in regards to wealth distribution, note that the top 1,000 Kyber Network wallets hold over 108.3% 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. 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 8.38% of the currency’s money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.12%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.45%.
The Latest on Kyber Network and Social Media
Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. You can follow Kyber Network on Twitter here.
Article by SixJupiter
