How Did 0x’s Price Fare Yesterday?
0x is up by approximately 4.63% from the previous day, with its price currently hovering around $0.1447 USD. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 33.86% below its 20 day moving average, and is currently in a down trend over the past 14 days. From another vantage point, note that price has gone up 6 of the past 14 days. And in terms of volume, yesterday’s price move ocurred on volume that was 51.37% 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 $0.113463 and $0.324097. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
As for 0x’s market cap, it is currently at about $93M US dollars.
Straight Off the Chain
NA transactions amongst holders of 0x occurred yesterday. 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 0.06, with 521 wallets making a transfer this past day and 9,266 wallets having made a transfer in the past month.
How are the Strong Holders of 0x Faring?
And in regards to wealth distribution, note that the top 1,000 0x wallets hold over 139.61% of the token’s total money supply. Ownership exceeding 100% is due to the fact that our supply metric is focused just on available supply, and some large owners of 0x have ownership they cannot sell at this time — but may be able to in the future. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 7.59% of the currency’s money supply. Exchange ownership grew by 0.16% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.13% over that time period. As for the 0x’s smart contract itself, that owns 0.02% of the total money supply, an amount unchanged from the week prior.
The Latest on 0x and Social Media
If you are interested in following 0x on social media, Twitter, where it has 152,886 following it, may be a good place to start. Here is the Twitter page for 0x.
Article by SixJupiter
