0x: What’s the Latest Regarding its Price?
0x is up by approximately 0.11% from the previous day, with its price currently hovering around $0.1781 USD. 0x enters the day 13.82% above its 20 day moving average, and is experiencing its the 2nd straight day up. From another vantage point, note that price has gone up 7 of the past 10 days. And in terms of volume, yesterday’s price move ocurred on volume that was 62.9% less than its 7 day average volume.
As for 0x’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 $0.134693 and $0.178267. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting 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.
Straight Off the Chain
Over the past 24 hours, 1,264 transfers have been added to the blockchain recording transactions amongst holders of 0x. Regarding a tally of holders, Yesterday saw 0x’s wallet count fall by 171. To understand loyalty or repeat usage amongst holders of 0x, we can note that there were 410 wallets making a transaction yesterday, while 9,076 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.
How are the Strong Holders of 0x Faring?
In terms of wealth concentration, the richest 1,000 wallets own 137.13% 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 0x have ownership they cannot sell at this time — but may be able to in the future. 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 -0.06% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.17%. 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
If you are interested in following 0x on social media, Twitter, where it has 152,408 following it, may be a good place to start. Use this link to follow 0x on Twitter.
Article by SixJupiter
