Kyber Network Price Update
Kyber Network’s current price, at the time of this writing, is $0.5303 USD, up by approximately 25.54% from the day prior. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 18.56% below its 20 day moving average, and is currently in a unclear trend over the past 14 days. To help contextualize yesterday’s price move, we can observe that price has rallied 8 of the past 10 days. Another data point we may find worthy of observation is that price for Kyber Network has increased 8 of the previous 10 days.
As for Kyber Network’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 $0.433789 and $0.868531. 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 Kyber Network, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $101 million.
Daily Engagement Metrics Update
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 understand loyalty or repeat usage amongst holders of Kyber Network, we can note that there were 689 wallets making a transaction yesterday, while 8,816 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.
How are the Strong Holders of Kyber Network Faring?
As for wealth distribution, the richest 1,000 wallets currently own 108.66% of the 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 9.9% 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 -0.2% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -1.44%.
The Latest on Kyber Network and Social Media
Social media growth, in terms of Twitter followers, came in at up 44 over the past day for Kyber Network. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. You can follow Kyber Network on Twitter here.
Article by SixJupiter
