Kucoin: What’s the Latest Regarding its Price?
Kucoin’s current price, at the time of this writing, is $0.9348 USD, down by approximately 0.25% from the day prior. Kucoin is currently in a unclear , and it should be noted that this is now the the 2nd consecutive day that price has been down. Moreover, Kucoin is now 0.68% below its 20 day moving average. 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 $0.874828 and $1.007502. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
As for Kucoin’s market cap, it is currently at about $77M US dollars.
What Anamolies Occurred Since Yesterday?
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
Over the past 24 hours, 213 transfers have been added to the blockchain recording transactions amongst holders of Kucoin. As for the number of holders, yesterday saw the number of wallets holding Kucoin increase by 10. If we observe percentage growth in holders and transfers, we find that Kucoin ranks 21 out of the 32 Ethereum tokens we are tracking.
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. The underlying smart contract itself for Kucoin owns 0.01% of the total money supply; over the past week, this amount has not changed.
What’s Going on Social Media?
In the past day, Kucoin’s Twitter followers and Reddit subscribers went up by 69 and 7, respectively. Traders interested in following Kucoin has the biggest presence on Twitter, where it has 335,331 users engaged. Here is the Twitter page for Kucoin.
Article by SixJupiter
