Kucoin Price Update
Kucoin is up by approximately 0.45% from the previous day, with its price currently hovering around $0.9336 USD. This marked the the 2nd day in a row Kucoin has been up; it is still in a unclear trend, and is currently 0.3% below its 20 day moving average; staying above this level may be critical to sustain short-term momentum. 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 $0.870647 and $1.002153, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
The currency’s market cap currently stands at $77 million US dollars.
Update on Transactions and Holders
Yesterday saw 96 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 6. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Kucoin ranked 21 out of the 33 Ethereum tokens we’re 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. As for the Kucoin’s smart contract itself, that owns 0.01% of the total money supply, an amount unchanged from the week prior.
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 335,410 users engaged. Use this link to follow Kucoin on Twitter.
Article by SixJupiter
