Kyber Network: What’s the Latest Regarding its Price?
At the time of this writing, Kyber Network has a price of $0.5101 USD, which puts it down by approximately 1.43% from yesterday. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 11.86% 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 Kyber Network has increased 6 of the previous 10 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 67.37% 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 Kyber Network imply the currency may oscillate between $0.397008 and $0.515062, based on how price has behaved in the two weeks prior. 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 Kyber Network’s market cap, it is currently at about $92M US dollars.
Daily Engagement Metrics Update
1,244 transactions amongst holders of Kyber Network occurred yesterday. Regarding a tally of holders, Yesterday saw Kyber Network’s wallet count fall by 37. To understand loyalty or repeat usage amongst holders of Kyber Network, we can note that there were 454 wallets making a transaction yesterday, while 8,000 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.06.
Just How Rich are Kyber Network’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 108.33% 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 Kyber Network have ownership they cannot sell at this time — but may be able to in the future. If we focus on exchanges, which may be an correlated with liquidity and greater confidence in the currency, the exchange wallets that are in the top 1,000 wallets own 8.17% of the currency’s total money supply. Exchange ownership grew by -0.31% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.06% over that time period.
What’s Going on Social Media?
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 123 and 17 over the past day for Kyber Network. Traders interested in following Kyber Network has the biggest presence on Twitter, where it has 104,909 users engaged. You can follow Kyber Network on Twitter here.
Article by SixJupiter
