How Did KuCoin’s Price Fare Yesterday?
KuCoin’s current price, at the time of this writing, is $1.015 USD, down by approximately 6.8% from the day prior. KuCoin is currently in a unclear , and it should be noted that this is now the the 4th consecutive day that price has been down. Moreover, KuCoin is now 18.61% below its 20 day moving average. Another data point we may find worthy of observation is that price for KuCoin has increased 3 of the previous 10 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 49.71% less than its 7 day average volume.
As for KuCoin’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 $0.990965 and $1.503135. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
The market capitalization of KuCoin, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $99 million.
Update on Transactions and Holders
NA transactions amongst holders of KuCoin occurred yesterday. Regarding a tally of holders, Yesterday saw KuCoin’s wallet count NA by NA. To understand loyalty or repeat usage amongst holders of KuCoin, we can note that there were 110 wallets making a transaction yesterday, while 477 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.23.
Observing KuCoin’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 209.94% of the coin’s total money supply. To further clarify, our supply metric focuses only on supply that is publicly available while many large holders may have tokens they are not able to sell yet — which is why this value can exceed 100%. As for the KuCoin’s smart contract itself, that owns 0.01% of the total money supply, an amount unchanged from the week prior.
What’s Going on Social Media?
In the past day, KuCoin’s Twitter followers and Reddit subscribers went up by 14 and 4, respectively. Traders interested in following KuCoin has the biggest presence on Twitter, where it has 348,287 users engaged. You can follow KuCoin on Twitter here.
Article by SixJupiter
