Kyber Network: What’s the Latest Regarding its Price?
At the time of this writing, Kyber Network has a price of $0.4747 USD, which puts it up by approximately 1.06% from yesterday. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 25.86% below its 20 day moving average, and is currently in a down trend over the past 14 days. To help contextualize yesterday’s price move, we can observe that price has rallied 18 of the past 30 days. Another data point we may find worthy of observation is that price for Kyber Network has increased 18 of the previous 30 days.
Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for Kyber Network imply the currency may oscillate between $0.378497 and $0.902003, based on how price has behaved in the two weeks prior. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.
The currency’s market cap currently stands at $86 million US dollars.
Update on Transactions and Holders
Yesterday saw NA transfers amongst holders of Kyber Network. Regarding a tally of holders, Yesterday saw Kyber Network’s wallet count NA by NA. In terms of recurring usage, we can note that 9,283 wallets have sent or received coins in the past month, while 469 have in the past day.
Observing Kyber Network’s Richest Wallets
And in regards to wealth distribution, note that the top 1,000 Kyber Network wallets hold over 108.76% of the token’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%. If we focus on exchanges, which may be an correlated with liquidity and greater confidence in the currency, the exchange wallets that are in the top 1,000 wallets own 9.69% of the currency’s total money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.06%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -1.42%.
What’s Going on Social Media?
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 102 and 5 over the past day for Kyber Network. Traders interested in following Kyber Network has the biggest presence on Twitter, where it has 103,799 users engaged. You can follow Kyber Network on Twitter here.
Article by SixJupiter
