How Did 0x’s Price Fare Yesterday?
At the time of this writing, 0x has a price of $0.1593 USD, which puts it up by approximately 0.82% from yesterday. The up day for 0x yesterday was a reversal from the day before it, which puts its price at 30.45% 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 0x has increased 8 of the previous 14 days. And in terms of volume, yesterday’s price move ocurred on volume that was 84.2% 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 $0.138087 and $0.319993. 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 $100 million.
Straight Off the Chain
Yesterday saw NA transfers amongst holders of 0x. As for the number of holders, yesterday saw the number of wallets holding 0x 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 0.04, with 359 wallets making a transfer this past day and 9,729 wallets having made a transfer in the past month.
Just How Rich are 0x’s Richest Holders?
And in regards to wealth distribution, note that the top 1,000 0x wallets hold over 142.72% 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. 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 7.91% 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 -0.08%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.15%. The underlying smart contract itself for 0x owns 0.02% of the total money supply; over the past week, this amount has not changed.
What’s Going on Social Media?
Traders interested in following 0x has the biggest presence on Twitter, where it has 152,960 users engaged. Here is the Twitter page for 0x.
Article by SixJupiter
