Kucoin: What’s the Latest Regarding its Price?
Kucoin’s current price, at the time of this writing, is $1.623 USD, down by approximately 0.49% from the day prior. This marked the the 2nd straight day Kucoin has been down; it is still in a downtrend, and is currently 4.34% 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 Kucoin imply the currency may oscillate between $1.552882 and $1.840318, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
The market capitalization of Kucoin, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $145 million.
Daily Engagement Metrics Update
Over the past 24 hours, 41 transfers have been added to the blockchain recording transactions amongst holders of Kucoin. In terms of estimating the number of holders, over the past day the total number of wallets holding Kucoin has gone up by approximately 11. To provide context, we’d rank this token as 24 out of the 34 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
Observing Kucoin’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 99.71% of the coin’s total money supply. As for the Kucoin’s smart contract itself, that owns 0% of the total money supply, an amount unchanged from the week prior.
What’s Going on Social Media?
In the past day, Kucoin’s Twitter followers and Reddit subscribers went up by 117 and 189, respectively. Traders interested in following Kucoin has the biggest presence on Twitter, where it has 335,359 users engaged. Here is the Twitter page for Kucoin.
Article by SixJupiter
