How Did KuCoin’s Price Fare Yesterday?
KuCoin is up by approximately 15.8% from the previous day, with its price currently hovering around $1.001 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 16.62% 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 13 of the past 30 days. Another data point we may find worthy of observation is that price for KuCoin has increased 13 of the previous 30 days.
In terms of an expected trading range, the Bollinger bands on KuCoin suggest price may bounce between $0.801054 and $1.600096 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
As for KuCoin’s market cap, it is currently at about $88M US dollars.
Straight Off the Chain
Over the past 24 hours, NA transfers have been added to the blockchain recording transactions amongst holders of KuCoin. As for the number of holders, yesterday saw the number of wallets holding KuCoin NA by NA. In terms of recurring usage, we can note that 479 wallets have sent or received coins in the past month, while 47 have in the past day.
Just How Rich are KuCoin’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 209.94% of the coin’s total money supply. Incidentally, this value exceeds 100% because many owners are not yet able to sell (due to contractual provisions), and our supply metric only observes liquid supply. The underlying smart contract itself for KuCoin owns 0.01% of the total money supply; over the past week, this amount has not changed.
What’s Going on Social Media?
In the past day, KuCoin’s Reddit subscribers went up by 3, respectively. Traders interested in following KuCoin has the biggest presence on Twitter, where it has 348,230 users engaged. Here is the Twitter page for KuCoin.
Article by SixJupiter
