March 13, 2020: Nexo (NEXO): Up 33.73%

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May 11, 2020: Nexo (nexo): Up 3.5%
May 11, 2020: Nexo (nexo): Up 3.5%

How Did Nexo’s Price Fare Yesterday?

Nexo’s current price, at the time of this writing, is $0.1057 USD, up by approximately 33.73% from the day prior. The up day for Nexo yesterday was a reversal from the day before it, which puts its price at 34.49% below its 20 day moving average. Over the past two weeks, price has been in a down trend. Another data point we may find worthy of observation is that price for Nexo has increased 5 of the previous 10 days. And in terms of volume, yesterday’s price move ocurred on volume that was 84.54% less than its 7 day average volume.

In terms of an expected trading range, the Bollinger bands on Nexo suggest price may bounce between $0.098342 and $0.224372 based on its momentum and volatility over the past 14 days. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.

March 13, 2020: Nexo (nexo): Up 33.73%

As for Nexo’s market cap, it is currently at about $60M US dollars.

Straight Off the Chain

Yesterday saw NA transfers amongst holders of Nexo. In terms of estimating the number of holders, over the past day the total number of wallets holding Nexo has gone NA by approximately NA. To understand loyalty or repeat usage amongst holders of Nexo, we can note that there were 155 wallets making a transaction yesterday, while 2,039 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 Nexo Faring?

And in regards to wealth distribution, note that the top 1,000 Nexo wallets hold over 109.72% of the token’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 3.2% 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 -0.12%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.21%. The underlying smart contract itself for Nexo owns 0.02% of the total money supply; over the past week, this amount has not changed.

Nexo’s Social Media Presence

In terms of social media presence, Nexo saw its Twitter followers and Reddit subscribers go up by 33 and 2 over the past 24 hours. If you are interested in following Nexo on social media, Twitter, where it has 48,817 following it, may be a good place to start. Use this link to follow Nexo on Twitter. March 13, 2020: Nexo (nexo): Up 33.73%

Article by SixJupiter