Price Action
Over the past week, Kucoin saw its price go down by -18.35%. It is below its 20 day moving average by 13.28%, so it’s slightly away. Kucoin’s bullish momentum, based on its distance from its 20 day moving average, is roughly middle-of-the-pack relative to the cryptos we’re tracking. In terms of volatility, Kucoin exhibits greater price volatility than approximately 18% of coins in our index, so this coin might not move much — something traders and investors will certainly want to keep in mind. If volatility over the past three weeks is any indication of what’s to come, we can expect Kucoin to bounce between 1.39535 and $1.74595 US dollars per coin.
Volume Update
In the span of the preceding 7 days, KuCoin Shares’s daily volume, in terms of its own unit of currency, has fluctuated between 983,804.2 and 17,837,053. In the three weeks prior, the trend in volume does not have a clear direction, while the price trend is clearly down. Over the past week, KuCoin Shares saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 11.47%. Its trading turnover percentage is higher than about 86.27% of the coins we’re tracking, so it’s far above average and thus a good coin for those interested in active trading or being able to get out of the market if they need to.
Engagement Update
Kucoin saw the number of wallets holding its coin go from 58,366 to 58,464 over the past week — a change of 0.17%. And in regards to cumulative transactions logged on the blockchain, they went from 117,131 to 117,575, which amounts to a change of 0.38%. Kucoin’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 0.55% which puts it ahead of 65.81% of the coins in our index. This growth rate suggests the coin’s engagement is growing at an above average rate.
Article by SixJupiter
