Kucoin: What’s the Latest Regarding its Price?
Kucoin’s current price, at the time of this writing, is $0.8895 USD, up by approximately 6.85% from the day prior. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a down trend, and is currently 6.14% below its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. In terms of an expected trading range, the Bollinger bands on Kucoin suggest price may bounce between $0.863885 and $1.031445 based on its momentum and volatility over the past 14 days. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
As for Kucoin’s market cap, it is currently at about $76M US dollars.
Unusual Developments
Since yesterday, Kucoin saw anomalous behavior in transfers added. It may be worth looking into the causes of this a bit more.
Straight Off the Chain
Yesterday saw 137 transfers amongst holders of Kucoin. As for the number of holders, yesterday saw the number of wallets holding Kucoin jump by 10. To provide context, we’d rank this token as 22 out of the 33 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
How are the Strong Holders of Kucoin Faring?
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.
The Latest on Kucoin and Social Media
In terms of social media presence, Kucoin saw its Reddit subscribers go up by 25 over the past 24 hours. If you are interested in following Kucoin on social media, Twitter, where it has 334,998 following it, may be a good place to start. Here is the Twitter page for Kucoin.
Article by SixJupiter
