0x Price Update
0x’s current price, at the time of this writing, is $0.2324 USD, down by approximately 3.01% from the day prior. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 8.24% below its 20 day moving average, and is currently in a unclear trend over the past 14 days. Another data point we may find worthy of observation is that price for 0x has increased 15 of the previous 30 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 55.36% less than its 7 day average volume.
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 $0.215018 and $0.291512, 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.
As for 0x’s market cap, it is currently at about $146M US dollars.
Straight Off the Chain
Yesterday saw NA transfers amongst holders of 0x. As for the number of holders, yesterday saw the number of wallets holding 0x NA by NA. In terms of recurring usage, we can note that 10,228 wallets have sent or received coins in the past month, while 497 have in the past day.
Observing 0x’s Richest Wallets
As for wealth distribution, the richest 1,000 wallets currently own 142.82% of the money supply. To further clarify, our supply metric focuses only on supply that is publicly available while many large holders may have tokens they are not able to sell yet — which is why this value can exceed 100%. 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 7.49% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by 0.01% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.24%. 0x’s smart contract owns approximately 0.02% of its own total money supply. This amount hasn’t changed over the past week.
0x’s Social Media Presence
Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Here is the Twitter page for 0x.
Article by SixJupiter
