Status Network Token Price Update
At the time of this writing, Status Network Token has a price of $0.01746 USD, which puts it down by approximately 2.24% from yesterday. This marked the the 3rd consecutive day Status Network Token has been down; it is still in a downtrend, and is currently 13.02% below its 20 day moving average; staying above this level may be critical to sustain short-term momentum. Status Network Token’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 $0.017974 and $0.022174. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
The currency’s market cap currently stands at $62 million US dollars.
What Anamolies Occurred Since Yesterday?
Yesterday, the metrics holders added and transfers added saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.
Daily Engagement Metrics Update
Over the past 24 hours, 1,931 transfers have been added to the blockchain recording transactions amongst holders of Status Network Token. Regarding a tally of holders, Yesterday saw Status Network Token’s wallet count rise by 622. If we observe percentage growth in holders and transfers, we find that Status Network Token ranks 26 out of the 35 Ethereum tokens we are tracking.
How are the Strong Holders of Status Network Token Faring?
The top 1,000 Status Network Token wallets hold over 96.11% of the token’s total money supply. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 12.38% of the currency’s money supply. Exchange ownership grew by 2.83% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.49% over that time period.
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 14, 2019, or approximately 1 days before. To understand how code development is progressing, we can observe growth rates over the past 30 days in the number of open issues and the number of watchers: open issuers have been growing at about -0.03 per day, while the number of followers watching Status Network Token’s repositories is growing by 0.07.
Status Network Token’s Social Media Presence
In the past day, Status Network Token’s Reddit subscribers went up by 2, respectively. If you are interested in following Status Network Token on social media, Twitter, where it has 111,566 following it, may be a good place to start. Here is the Twitter page for Status Network Token.
Article by SixJupiter
