How Did 0x’s Price Fare Yesterday?
At the time of this writing, 0x has a price of $0.1688 USD, which puts it up by approximately 5.63% from yesterday. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a down trend, and is currently 29.97% below its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. To help contextualize yesterday’s price move, we can observe that price has rallied 2 of the past 5 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 1.66% less than its 7 day average volume.
As for 0x’s expected trading range — as forecasted by the Bollinger bands indicator, which determines a range based on momentum and volatility over the past two weeks — is between $0.169415 and $0.312655. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of 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 $114 million.
Straight Off the Chain
NA transactions amongst holders of 0x occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding 0x has gone NA by approximately NA. In terms of recurring usage, we can note that 10,191 wallets have sent or received coins in the past month, while 617 have in the past day.
Observing 0x’s Richest Wallets
And in regards to wealth distribution, note that the top 1,000 0x wallets hold over 142.71% 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. 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 7.27% 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 -0.09%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.64%. 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
Traders interested in following 0x has the biggest presence on Twitter, where it has 152,991 users engaged. Here is the Twitter page for 0x.
Article by SixJupiter
