How Did Kucoin’s Price Fare Yesterday?
At the time of this writing, Kucoin has a price of $0.9531 USD, which puts it down by approximately 0.73% from yesterday. The down day for Kucoin yesterday was a reversal from the day before it, which puts its price at 0.78% above its 20 day moving average. Over the past two weeks, price has been in a unclear trend. 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 $0.873429 and $1.017991, based on how price has behaved in the two weeks prior. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.
As for Kucoin’s market cap, it is currently at about $79M US dollars.
What Anamolies Occurred Since Yesterday?
Yesterday, the metrics transfers added saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.
Daily Engagement Metrics Update
Yesterday saw 180 transfers amongst holders of Kucoin. As for the number of holders, yesterday saw the number of wallets holding Kucoin rise by 15. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Kucoin ranked 20 out of the 30 Ethereum tokens we’re tracking.
Just How Rich are Kucoin’s Richest Holders?
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?
Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. You can follow Kucoin on Twitter here.
Article by SixJupiter
