How Did Nexo’s Price Fare Yesterday?
Nexo is down by approximately 4.03% from the previous day, with its price currently hovering around $0.09329 USD. Nexo is currently in a down, and it should be noted that this is now the the 2nd straight day that price has been down. Moreover, Nexo is now 38.36% below its 20 day moving average. To help contextualize yesterday’s price move, we can observe that price has rallied 6 of the past 14 days. Another data point we may find worthy of observation is that price for Nexo has increased 6 of the previous 14 days.
In terms of an expected trading range, the Bollinger bands on Nexo suggest price may bounce between $0.072688 and $0.230017 based on its momentum and volatility over the past 14 days. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
The market capitalization of Nexo, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $54 million.
Update on Transactions and Holders
Yesterday saw NA transfers amongst holders of Nexo. Regarding a tally of holders, Yesterday saw Nexo’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 0.05, with 103 wallets making a transfer this past day and 1,925 wallets having made a transfer in the past month.
Observing Nexo’s Richest Wallets
And in regards to wealth distribution, note that the top 1,000 Nexo wallets hold over 109.83% 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%. 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 3.86% 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 0.03%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.46%. The underlying smart contract itself for Nexo owns 0.02% of the total money supply; over the past week, this amount has not changed.
What’s Going on Social Media?
In terms of social media presence, Nexo saw its Twitter followers and Reddit subscribers go up by 8 and 2 over the past 24 hours. If you are interested in following Nexo on social media, Twitter, where it has 48,852 following it, may be a good place to start. Here is the Twitter page for Nexo.
Article by SixJupiter
