How Did Nexo’s Price Fare Yesterday?
Nexo’s current price, at the time of this writing, is $0.08577 USD, down by approximately 4.59% from the day prior. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 38.53% 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 Nexo has increased 1 of the previous 5 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 16.89% less than its 7 day average volume.
In terms of an expected trading range, the Bollinger bands on Nexo suggest price may bounce between $0.055165 and $0.223896 based on its momentum and volatility over the past 14 days. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
The currency’s market cap currently stands at $48 million US dollars.
Daily Engagement Metrics Update
NA transactions amongst holders of Nexo occurred yesterday. Regarding a tally of holders, Yesterday saw Nexo’s wallet count NA by NA. To understand loyalty or repeat usage amongst holders of Nexo, we can note that there were 103 wallets making a transaction yesterday, while 1,795 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.06.
How are the Strong Holders of Nexo Faring?
As for wealth distribution, the richest 1,000 wallets currently own 109.8% of the money supply. To further clarify, our supply metric focuses only on supply that is publicly available while many large holders may have tokens they are not able to sell yet — which is why this value can exceed 100%. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 3.8% of the currency’s money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.01%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.31%. As for the Nexo’s smart contract itself, that owns 0.02% of the total money supply, an amount unchanged from the week prior.
The Latest on Nexo and Social Media
In terms of social media presence, Nexo saw its Reddit subscribers go up by 4 over the past 24 hours. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Use this link to follow Nexo on Twitter.
Article by SixJupiter
