0x Price Update
0x is up by approximately 0.89% from the previous day, with its price currently hovering around $0.2042 USD. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in an up trend, and is currently 7.87% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. In terms of an expected trading range, the Bollinger bands on 0x suggest price may bounce between $0.168145 and $0.210475 based on its momentum and volatility over the past 14 days. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.
Get your analysis of 0x (ZRX) here on CryptoCoin.news. And for daily analysis and recaps of the 5 major cryptocurrencies, visit CFDTrading.com.
The market capitalization of 0x, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $123 million.
0x’s Surprises of the Day
Yesterday, the metrics holders added saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.
Straight Off the Chain
3,362 transactions amongst holders of 0x occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding 0x rise by 291. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has 0x ranked 19 out of the 29 Ethereum tokens we’re tracking.
Observing 0x’s Richest Wallets
The top 1,000 0x wallets hold over 89.11% of the token’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 4.81% of the currency’s money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by 0.21%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.35%. The underlying smart contract itself for 0x owns 0.01% of the total money supply; over the past week, this amount has not changed.
Technical Development Status
The last activity date on 0x’s GitHub repository occurred on today, January 11, 2020. To understand how code development is progressing, we can observe growth rates over the past 30 days in the number of open issues and the number of watchers: open issuers have been growing at about 0.3 per day, while the number of followers watching 0x’s repositories is growing by 0.8.
The Latest on 0x and Social Media
Traders interested in following 0x has the biggest presence on Twitter, where it has 152,044 users engaged. Here is the Twitter page for 0x.
Where to Buy
You can trade 0x, listed under the symbol ZRX, through the following exchanges: Gate, Yobit, Binance, DDEX, Ethfinex.
Article by SixJupiter
