How Did Kucoin’s Price Fare Yesterday?
Kucoin is down by approximately 3.19% from the previous day, with its price currently hovering around $1.032 USD. This marked the the 3rd day in a row Kucoin has been down; it is still in a unclear trend, and is currently 0.13% 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 $0.968803 and $1.097987, based on how price has behaved in the two weeks prior. 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 $86 million.
Update on Transactions and Holders
Yesterday saw 496 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 8. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Kucoin ranked 14 out of the 31 Ethereum tokens we’re tracking.
Just How Rich are Kucoin’s Richest Holders?
The top 1,000 Kucoin wallets hold over 99.99% of the token’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
In the past day, Kucoin’s Twitter followers and Reddit subscribers went up by 18 and 14, respectively. Traders interested in following Kucoin has the biggest presence on Twitter, where it has 336,545 users engaged. Use this link to follow Kucoin on Twitter.
Article by SixJupiter
