Nexo: What’s the Latest Regarding its Price?
At the time of this writing, Nexo has a price of $0.1498 USD, which puts it down by approximately 1.58% from yesterday. Nexo enters the day 22.08% below its 20 day moving average, and is experiencing its the 2nd consecutive day down. To help contextualize yesterday’s price move, we can observe that price has rallied 1 of the past 5 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 18.15% less than its 7 day average volume.
As for Nexo’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 $0.154962 and $0.229558. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
As for Nexo’s market cap, it is currently at about $87M US dollars.
Update on Transactions and Holders
Over the past 24 hours, 415 transfers have been added to the blockchain recording transactions amongst holders of Nexo. Regarding a tally of holders, Yesterday saw Nexo’s wallet count rise by 49. To understand loyalty or repeat usage amongst holders of Nexo, we can note that there were 120 wallets making a transaction yesterday, while 2,938 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.04.
Just How Rich are Nexo’s Richest Holders?
And in regards to wealth distribution, note that the top 1,000 Nexo wallets hold over 109.98% of the token’s total money supply. Ownership exceeding 100% is due to the fact that our supply metric is focused just on available supply, and some large owners of Nexo have ownership they cannot sell at this time — but may be able to in the future.
Nexo’s Social Media Presence
In the past day, Nexo’s Twitter followers, Facebook likes and Reddit subscribers went up by 57, 45 and 21, respectively. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Use this link to follow Nexo on Twitter.
Article by SixJupiter
