How Did 0x’s Price Fare Yesterday?
0x is down by approximately 13.7% from the previous day, with its price currently hovering around $0.1361 USD. 0x is currently in a down, and it should be noted that this is now the the 3rd straight day that price has been down. Moreover, 0x is now 39.01% below its 20 day moving average. From another vantage point, note that price has gone up 1 of the past 5 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 56.04% less than its 7 day average volume.
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 0x imply the currency may oscillate between $0.121699 and $0.324611, based on how price has behaved in the two weeks prior. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
As for 0x’s market cap, it is currently at about $86M US dollars.
Daily Engagement Metrics Update
Yesterday saw NA transfers amongst holders of 0x. In terms of estimating the number of holders, over the past day the total number of wallets holding 0x has gone NA by approximately 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 388 wallets making a transfer this past day and 9,354 wallets having made a transfer in the past month.
How are the Strong Holders of 0x Faring?
As for wealth distribution, the richest 1,000 wallets currently own 142.79% of the 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. 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 7.88% of the currency’s total money supply. Exchange ownership grew by 0.21% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.03% over that time period. 0x’s smart contract owns approximately 0.02% of its own total money supply. This amount hasn’t changed over the past week.
0x’s Social Media Presence
Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Here is the Twitter page for 0x.
Article by SixJupiter
