0x: What’s the Latest Regarding its Price?
0x’s current price, at the time of this writing, is $0.1535 USD, down by approximately 9.28% from the day prior. 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 34.48% below its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. Another data point we may find worthy of observation is that price for 0x has increased 13 of the previous 30 days. And in terms of volume, yesterday’s price move ocurred on volume that was 64.3% 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 $0.150377 and $0.318173. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
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 $96 million.
Straight Off the Chain
Yesterday saw NA transfers amongst holders of 0x. Regarding a tally of holders, Yesterday saw 0x’s wallet count NA by NA. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.06, with 579 wallets making a transfer this past day and 10,040 wallets having made a transfer in the past month.
Just How Rich are 0x’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 142.71% of the coin’s total money supply. Ownership exceeding 100% is due to the fact that our supply metric is focused just on available supply, and some large owners of 0x have ownership they cannot sell at this time — but may be able to in the future. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 7.67% 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 -0.13% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.24%. 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
Traders interested in following 0x has the biggest presence on Twitter, where it has 152,988 users engaged. Use this link to follow 0x on Twitter.
Article by SixJupiter
