Kucoin Price Update
At the time of this writing, Kucoin has a price of $0.9248 USD, which puts it down by approximately 3.08% from yesterday. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a unclear trend, and is currently 0.17% 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 $0.889778 and $0.962902, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
The currency’s market cap currently stands at $86 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.
Update on Transactions and Holders
Yesterday saw 750 transfers amongst holders of Kucoin. As for the number of holders, yesterday saw the number of wallets holding Kucoin increase by 0. If we observe percentage growth in holders and transfers, we find that Kucoin ranks 19 out of the 32 Ethereum tokens we are tracking.
Observing Kucoin’s Richest Wallets
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.
What’s Going on Social Media?
In terms of social media presence, Kucoin saw its Reddit subscribers go up by 9 over the past 24 hours. If you are interested in following Kucoin on social media, Twitter, where it has 335,322 following it, may be a good place to start. You can follow Kucoin on Twitter here.
Article by SixJupiter
