0x: What’s the Latest Regarding its Price?
0x’s current price, at the time of this writing, is $0.138 USD, down by approximately 3.83% from the day prior. The down day for 0x yesterday was a reversal from the day before it, which puts its price at 35.35% below its 20 day moving average. Over the past two weeks, price has been in a down trend. Another data point we may find worthy of observation is that price for 0x has increased 5 of the previous 14 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 85.63% 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 $0.10635 and $0.32057, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
The market capitalization of 0x, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $89 million.
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 understand loyalty or repeat usage amongst holders of 0x, we can note that there were 492 wallets making a transaction yesterday, while 9,089 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.
How are the Strong Holders of 0x Faring?
In terms of wealth concentration, the richest 1,000 wallets own 139.64% of the coin’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 7.64% of the currency’s money supply. Exchange ownership grew by 0.32% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.16% 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
If you are interested in following 0x on social media, Twitter, where it has 152,856 following it, may be a good place to start. You can follow 0x on Twitter here.
Article by SixJupiter
