0x Price Update
0x is up by approximately 0.26% from the previous day, with its price currently hovering around $0.193 USD. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 17.01% below its 20 day moving average, and is currently in a down trend over the past 14 days. 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 0x imply the currency may oscillate between $0.202201 and $0.262919, 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.
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The market capitalization of 0x, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $117 million.
What Anamolies Occurred Since Yesterday?
Since yesterday, 0x saw anomalous behavior in holders added and transfers added. It may be worth looking into the causes of this a bit more.
Straight Off the Chain
Over the past 24 hours, 873 transfers have been added to the blockchain recording transactions amongst holders of 0x. In terms of estimating the number of holders, over the past day the total number of wallets holding 0x has gone up by approximately 117. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has 0x ranked 20 out of the 32 Ethereum tokens we’re tracking.
How are the Strong Holders of 0x Faring?
Of the coin’s total money supply, the richest 1,0000 wallets currently own 88.92%. 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 4.5% of the currency’s total money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.01% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.02%. As for the 0x’s smart contract itself, that owns 0.01% of the total money supply, an amount unchanged from the week prior.
How Active are the Software Developers?
In terms of how active the software development team working on 0x is, it may be worth observing that the last time any work pertaining to code was done on their GitHub code repository was on December 17, 2019 (today). 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 per day, while the number of followers watching 0x’s repositories is growing by 1.2.
The Latest on 0x and Social Media
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 58 and 2 over the past day for 0x. If you are interested in following 0x on social media, Twitter, where it has 151,833 following it, may be a good place to start. You can follow 0x on Twitter here.
Where to Buy
You can trade 0x, listed under the symbol ZRX, through the following exchanges: Gate, Yobit, Binance, DDEX, Ethfinex.
Article by SixJupiter
