How Did KuCoin’s Price Fare Yesterday?
KuCoin’s current price, at the time of this writing, is $0.9936 USD, down by approximately 1.92% from the day prior. The down day for KuCoin yesterday was a reversal from the day before it, which puts its price at 2.76% below its 20 day moving average. Over the past two weeks, price has been in a unclear trend. Another data point we may find worthy of observation is that price for KuCoin has increased 3 of the previous 5 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 30.28% 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 KuCoin imply the currency may oscillate between $0.918613 and $1.124887, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
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 $81 million.
Straight Off the Chain
59 transactions amongst holders of KuCoin occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding KuCoin has gone up by approximately 4. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.07, with 28 wallets making a transfer this past day and 381 wallets having made a transfer in the past month.
How are the Strong Holders of KuCoin Faring?
In terms of wealth concentration, the richest 1,000 wallets own 209.94% of the coin’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 KuCoin have ownership they cannot sell at this time — but may be able to in the future. KuCoin’s smart contract owns approximately 0.01% of its own total money supply. This amount hasn’t changed over the past week.
The Latest on KuCoin and Social Media
In the past day, KuCoin’s Reddit subscribers went up by 1, respectively. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Here is the Twitter page for KuCoin.
Article by SixJupiter
