August 14, 2019: Status Network Token (SNT): Down 3.44%; Surprising Moves In Transfers Added

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Status Network Token: What’s the Latest Regarding its Price?

Status Network Token’s current price, at the time of this writing, is $0.01939 USD, down by approximately 3.44% from the day prior. The down day for Status Network Token yesterday was a reversal from the day before it, which puts its price at 4.61% below its 20 day moving average. Over the past two weeks, price has been in a down trend. In terms of an expected trading range, the Bollinger bands on Status Network Token suggest price may bounce between $0.019225 and $0.021429 based on its momentum and volatility over the past 14 days. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.

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The currency’s market cap currently stands at $68 million US dollars.

Unusual Developments

Yesterday, the metrics transfers added saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.

Straight Off the Chain

2,164 transactions amongst holders of Status Network Token occurred yesterday. Regarding a tally of holders, Yesterday saw Status Network Token’s wallet count jump by 122. To provide context, we’d rank this token as 18 out of the 35 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.

Observing Status Network Token’s Richest Wallets

The top 1,000 Status Network Token wallets hold over 95.89% of the token’s total money supply. 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 12.08% of the currency’s total money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by 0.29%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 2.5%.

Technical Development Status

In terms of how active the software development team working on Status Network Token is, it may be worth observing that the last time any work pertaining to code was done on their GitHub code repository was on August 13, 2019, or approximately 1 days before. Over the past 30 days, we’ve seen open issues across Status Network Token’s GitHub repositories grow by 0.03 per day on average, while the number of watchers has grown by 0.07.

The Latest on Status Network Token and Social Media

If you are interested in following Status Network Token on social media, Twitter, where it has 111,602 following it, may be a good place to start. You can follow Status Network Token on Twitter here.

Article by SixJupiter

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