Kyber Network Price Update
At the time of this writing, Kyber Network has a price of $0.438 USD, which puts it up by approximately 11.08% 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 30.47% below its 20 day moving average, and is currently in a down trend over the past 14 days. Another data point we may find worthy of observation is that price for Kyber Network has increased 19 of the previous 30 days. And in terms of volume, yesterday’s price move ocurred on volume that was 69.5% less than its 7 day average volume.
As for Kyber Network’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 $0.315334 and $0.944626. 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 $79 million US dollars.
Straight Off the Chain
NA transactions amongst holders of Kyber Network occurred yesterday. Regarding a tally of holders, Yesterday saw Kyber Network’s wallet count NA by NA. To understand loyalty or repeat usage amongst holders of Kyber Network, we can note that there were 505 wallets making a transaction yesterday, while 9,471 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.05.
Just How Rich are Kyber Network’s Richest Holders?
And in regards to wealth distribution, note that the top 1,000 Kyber Network wallets hold over 108.85% 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 Kyber Network 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 8.67% of the currency’s money supply. Exchange ownership grew by -1.83% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.12% over that time period.
The Latest on Kyber Network and Social Media
In terms of social media presence, Kyber Network saw its Twitter followers go up by 173 over the past 24 hours. If you are interested in following Kyber Network on social media, Twitter, where it has 104,045 following it, may be a good place to start. Here is the Twitter page for Kyber Network.
Article by SixJupiter
