How Did KuCoin’s Price Fare Yesterday?
KuCoin’s current price, at the time of this writing, is $1.096 USD, up by approximately 3.3% from the day prior. KuCoin is currently in a down, but it should be noted that this is now the the 3rd straight day that price has been up. Moreover, KuCoin is now 7.88% below its 20 day moving average. Another data point we may find worthy of observation is that price for KuCoin has increased 5 of the previous 14 days. And in terms of volume, yesterday’s price move ocurred on volume that was 72.8% 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 KuCoin imply the currency may oscillate between $0.792366 and $1.587084, 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 currency’s market cap currently stands at $89 million US dollars.
Straight Off the Chain
NA transactions amongst holders of KuCoin occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding KuCoin NA by NA. To understand loyalty or repeat usage amongst holders of KuCoin, we can note that there were 4 wallets making a transaction yesterday, while 477 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.01.
Observing KuCoin’s Richest Wallets
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. KuCoin’s smart contract owns approximately 0.01% of its own total money supply. This amount hasn’t changed over the past week.
The Latest on KuCoin and Social Media
In the past day, KuCoin’s Reddit subscribers went up by 12, respectively. Traders interested in following KuCoin has the biggest presence on Twitter, where it has 348,045 users engaged. Use this link to follow KuCoin on Twitter.
Article by SixJupiter
