How Did Kucoin’s Price Fare Yesterday?
Kucoin’s current price, at the time of this writing, is $0.8983 USD, down by approximately 1.11% from the day prior. This marked the the 5th straight day Kucoin has been down; it is still in a downtrend, and is currently 6.74% below its 20 day moving average; staying above this level may be critical to sustain short-term momentum. 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 $0.914096 and $1.012284. 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 $75 million.
Update on Transactions and Holders
Yesterday saw 68 transfers 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. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Kucoin ranked 24 out of the 32 Ethereum tokens we’re tracking.
Just How Rich are Kucoin’s Richest Holders?
The top 1,000 Kucoin wallets hold over 99.99% of the token’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.
Kucoin’s Social Media Presence
Social media growth, in terms of Reddit subscribers, came in at up 11 over the past day for Kucoin. Traders interested in following Kucoin has the biggest presence on Twitter, where it has 335,253 users engaged. Here is the Twitter page for Kucoin.
Article by SixJupiter
