January 14, 2020: Kucoin (KCS): Up 4.24%; Unusual Moves In Transfers Added

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Kucoin Price Update

At the time of this writing, Kucoin has a price of $1.056 USD, which puts it up by approximately 4.24% from yesterday. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 7.04% above its 20 day moving average, and is currently in an up trend over the past 14 days. 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 $0.864344 and $1.108726, based on how price has behaved in the two weeks prior. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.

The currency’s market cap currently stands at $84 million US dollars.

Unusual Developments

Yesterday, the metrics transfers 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

747 transactions amongst holders of Kucoin occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Kucoin increase by 15. If we observe percentage growth in holders and transfers, we find that Kucoin ranks 13 out of the 29 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.

The Latest on Kucoin and Social Media

If you are interested in following Kucoin on social media, Twitter, where it has 335,827 following it, may be a good place to start. Here is the Twitter page for Kucoin.

Article by SixJupiter

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