August 1, 2019: USD Coin (USDC): Up 0.2%; Surprising Moves In Holders Added

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How Did USD Coin’s Price Fare Yesterday?

At the time of this writing, USD Coin has a price of $0.999 USD, which puts it up by approximately 0.2% from yesterday. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in an unclear trend, and is currently 0.08% below its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. 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 USD Coin imply the currency may oscillate between $0.996526 and $1.003024, based on how price has behaved in the two weeks prior. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.

Where to trade Usd Coin (symbol: USDC): Gate, Yobit, Binance, DDEX

As for USD Coin’s market cap, it is currently at about $435M US dollars.

Unusual Developments

Since yesterday, USD Coin saw anomalous behavior in holders added. It may be worth looking into the causes of this a bit more.

Straight Off the Chain

6,716 transactions amongst holders of USD Coin occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding USD Coin has gone up by approximately 619. If we observe percentage growth in holders and transfers, we find that USD Coin ranks 3 out of the 38 Ethereum tokens we are tracking.

How are the Strong Holders of USD Coin Faring?

The top 1,000 USD Coin wallets hold over 98.49% of the token’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 5.25% 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 -0.51%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.26%. As for the USD Coin’s smart contract itself, that owns 0.01% of the total money supply, an amount unchanged from the week prior.

How Much Development is Occurring?

The last activity date on USD Coin’s GitHub repository was July 25, 2019, or about 7 days ago. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for USD Coin are growing by 0 and 0.1, respectively, over the past 30 days.

USD Coin’s Social Media Presence

Facebook appears to be the most popular place to follow the company, and thus may be worth monitoring.

Where to Buy

You can trade Usd Coin, listed under the symbol USDC, through the following exchanges: Gate, Yobit, Binance, DDEX.

Article by SixJupiter

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