How Did 0x’s Price Fare Yesterday?
0x is up by approximately 1.48% from the previous day, with its price currently hovering around $0.1719 USD. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 11.01% above its 20 day moving average, and is currently in an up trend over the past 14 days. Another data point we may find worthy of observation is that price for 0x has increased 7 of the previous 10 days. And in terms of volume, yesterday’s price move ocurred on volume that was 56.2% less than its 7 day average volume.
In terms of an expected trading range, the Bollinger bands on 0x suggest price may bounce between $0.138166 and $0.171524 based on its momentum and volatility over the past 14 days. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.
As for 0x’s market cap, it is currently at about $112M US dollars.
Update on Transactions and Holders
Yesterday saw 1,147 transfers amongst holders of 0x. Regarding a tally of holders, Yesterday saw 0x’s wallet count rise by 125. To understand loyalty or repeat usage amongst holders of 0x, we can note that there were 388 wallets making a transaction yesterday, while 9,077 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.04.
How are the Strong Holders of 0x Faring?
As for wealth distribution, the richest 1,000 wallets currently own 137.13% of the 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 7.63% 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 -0.08% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.18%. 0x’s smart contract owns approximately 0.02% of its own total money supply. This amount hasn’t changed over the past week.
What’s Going on Social Media?
If you are interested in following 0x on social media, Facebook, where it has NA following it, may be a good place to start.
Article by SixJupiter
