January 23, 2020: 0x (ZRX): Down 4.33%

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0x: What’s the Latest Regarding its Price?

0x’s current price, at the time of this writing, is $0.232 USD, down by approximately 4.33% from the day prior. 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 5.5% above 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 0x imply the currency may oscillate between $0.187563 and $0.252247, 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.

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 currency’s market cap currently stands at $146 million US dollars.

Daily Engagement Metrics Update

Yesterday saw 1,851 transfers amongst holders of 0x. As for the number of holders, yesterday saw the number of wallets holding 0x rise by 147. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has 0x ranked 18 out of the 30 Ethereum tokens we’re tracking.

Observing 0x’s Richest Wallets

In terms of wealth concentration, the richest 1,000 wallets own 89.29% of the coin’s total money supply. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 4.69% of the currency’s money supply. Exchange ownership grew by -0.34% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.08% over that time period. 0x’s smart contract owns approximately 0.01% of its own total money supply. This amount hasn’t changed over the past week.

Technical Development Status

0x has been active recently on its GitHub repos, with its most recent code updates occurring today, January 23, 2020. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for 0x are growing by 0.6 and 0.9, respectively, over the past 30 days.

What’s Going on Social Media?

Social media growth, in terms of Twitter followers, came in at up 23 over the past day for 0x. If you are interested in following 0x on social media, Twitter, where it has 152,175 following it, may be a good place to start. Use this link to follow 0x on Twitter.

Where to Buy

You can trade 0x, listed under the symbol ZRX, through the following exchanges: Gate, Yobit, Binance, DDEX, Ethfinex.

Article by SixJupiter

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