How Did Kucoin’s Price Fare Yesterday?
Kucoin’s current price, at the time of this writing, is $0.9636 USD, down by approximately 1.38% from the day prior. The down day for Kucoin yesterday was a reversal from the day before it, which puts its price at 2.9% below its 20 day moving average. Over the past two weeks, price has been in a unclear trend. 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 $0.934095 and $1.050705. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading 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 $80 million.
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, 146 transfers have been added to the blockchain recording transactions amongst holders of Kucoin. Regarding a tally of holders, Yesterday saw Kucoin’s wallet count rise by 14. If we observe percentage growth in holders and transfers, we find that Kucoin ranks 24 out of the 34 Ethereum tokens we are tracking.
Observing Kucoin’s Richest Wallets
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.
What’s Going on Social Media?
Traders interested in following Kucoin has the biggest presence on Twitter, where it has 334,014 users engaged. Here is the Twitter page for Kucoin.
Article by SixJupiter
