0x Price Update
At the time of this writing, 0x has a price of $0.1958 USD, which puts it down by approximately 13.78% from yesterday. 0x is currently in a unclear , and it should be noted that this is now the the 2nd straight day that price has been down. Moreover, 0x is now 21.18% below its 20 day moving average. Another data point we may find worthy of observation is that price for 0x has increased 14 of the previous 30 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 0.04% greater 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 $0.20099 and $0.29584, based on how price has behaved in the two weeks prior. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.
The market capitalization of 0x, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $123 million.
Daily Engagement Metrics Update
NA transactions amongst holders of 0x occurred yesterday. 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 10,142 wallets have sent or received coins in the past month, while 467 have in the past day.
Observing 0x’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 142.81% of the coin’s total money supply. This number is greater than 100% because many of the token holders are not able to sell them yet, and thus their numbers are not included in the supply yet, though they can be regarded as future sellers when they are able to sell. If we focus on exchanges, which may be an correlated with liquidity and greater confidence in the currency, the exchange wallets that are in the top 1,000 wallets own 7.55% of the currency’s total money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by 0.01%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.23%. 0x’s smart contract owns approximately 0.02% of its own total money supply. This amount hasn’t changed over the past week.
The Latest on 0x and Social Media
If you are interested in following 0x on social media, Twitter, where it has 153,009 following it, may be a good place to start. You can follow 0x on Twitter here.
Article by SixJupiter
