How Did Kucoin’s Price Fare Yesterday?
Kucoin’s current price, at the time of this writing, is $0.9253 USD, down by approximately 0.3% from the day prior. Kucoin enters the day 4.09% below its 20 day moving average, and is experiencing its the 4th consecutive day down. Kucoin’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 $0.930676 and $0.998814. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading 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 $78 million.
Kucoin’s Surprises of the Day
Yesterday, the metrics holders added saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.
Update on Transactions and Holders
83 transactions amongst holders of Kucoin occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding Kucoin has gone up by approximately 124. To provide context, we’d rank this token as 24 out of the 32 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 99.99% of the coin’s total money supply. Kucoin’s smart contract owns approximately 0.01% of its own total money supply. This amount hasn’t changed over the past week.
What’s Going on Social Media?
In terms of social media presence, Kucoin saw its Twitter followers and Reddit subscribers go up by 64 and 7 over the past 24 hours. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Here is the Twitter page for Kucoin.
Article by SixJupiter
