March 11, 2020: Kyber Network (KNC): Up 5.34%; 3rd Consecutive Up Day

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Kyber Network Price Update

Kyber Network is up by approximately 5.34% from the previous day, with its price currently hovering around $0.8249 USD. Kyber Network is currently in an up, and it should be noted that this is now the the 3rd straight day that price has been up. Moreover, Kyber Network is now 24.55% above its 20 day moving average. From another vantage point, note that price has gone up 4 of the past 5 days. And in terms of volume, yesterday’s price move ocurred on volume that was 55.79% 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 Kyber Network imply the currency may oscillate between $0.482873 and $0.841747, based on how price has behaved in the two weeks prior. Price’s current proximity to the top of the range may make selling an attractive opportunity to traders interested in trading the range.

The market capitalization of Kyber Network, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $148 million.

Straight Off the Chain

Yesterday saw NA transfers amongst holders of Kyber Network. In terms of estimating the number of holders, over the past day the total number of wallets holding Kyber Network has gone NA by approximately NA. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.08, with 657 wallets making a transfer this past day and 8,097 wallets having made a transfer in the past month.

How are the Strong Holders of Kyber Network Faring?

And in regards to wealth distribution, note that the top 1,000 Kyber Network wallets hold over 108.68% of the token’s total money supply. Incidentally, this value exceeds 100% because many owners are not yet able to sell (due to contractual provisions), and our supply metric only observes liquid supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 10.24% of the currency’s money supply. Exchange ownership grew by -1.79% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.11% over that time period.

Kyber Network’s Social Media Presence

If you are interested in following Kyber Network on social media, Twitter, where it has 103,391 following it, may be a good place to start. Here is the Twitter page for Kyber Network.

Article by SixJupiter

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