How Did Kyber Network’s Price Fare Yesterday?
Kyber Network is down by approximately 20.22% from the previous day, with its price currently hovering around $0.635 USD. The down day for Kyber Network yesterday was a reversal from the day before it, which puts its price at 4.28% below its 20 day moving average. Over the past two weeks, price has been in an up trend. From another vantage point, note that price has gone up 7 of the past 10 days. Another data point we may find worthy of observation is that price for Kyber Network has increased 7 of the previous 10 days.
In terms of an expected trading range, the Bollinger bands on Kyber Network suggest price may bounce between $0.508394 and $0.818396 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
As for Kyber Network’s market cap, it is currently at about $115M US dollars.
Straight Off the Chain
Over the past 24 hours, NA transfers have been added to the blockchain recording transactions amongst holders of Kyber Network. Regarding a tally of holders, Yesterday saw Kyber Network’s wallet count NA by NA. To understand loyalty or repeat usage amongst holders of Kyber Network, we can note that there were 667 wallets making a transaction yesterday, while 8,422 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.08.
Observing Kyber Network’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 108.67% 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. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 9.96% of the currency’s money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.14%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -1.58%.
Kyber Network’s Social Media Presence
In terms of social media presence, Kyber Network saw its Twitter followers and Reddit subscribers go up by 189 and 46 over the past 24 hours. Traders interested in following Kyber Network has the biggest presence on Twitter, where it has 103,580 users engaged. Here is the Twitter page for Kyber Network.
Article by SixJupiter
