Kyber Network: What’s the Latest Regarding its Price?
Kyber Network is up by approximately 4.45% from the previous day, with its price currently hovering around $0.4835 USD. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a down trend, and is currently 22.6% below its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. Another data point we may find worthy of observation is that price for Kyber Network has increased 6 of the previous 10 days. Another data point we may find worthy of observation is that price for Kyber Network has increased 6 of the previous 10 days.
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 $0.30288 and $0.9464. 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 Kyber Network, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $86 million.
Update on Transactions and Holders
Over the past 24 hours, NA transfers have been added to the blockchain recording transactions amongst holders of Kyber Network. Regarding a tally of holders, Yesterday saw Kyber Network’s wallet count NA by NA. In terms of recurring usage, we can note that 9,891 wallets have sent or received coins in the past month, while 450 have in the past day.
Just How Rich are Kyber Network’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 108.81% 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. If we focus on exchanges, which may be an correlated with liquidity and greater confidence in the currency, the exchange wallets that are in the top 1,000 wallets own 9.13% of the currency’s total money supply. Exchange ownership grew by -0.83% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.11% over that time period.
What’s Going on Social Media?
If you are interested in following Kyber Network on social media, Twitter, where it has 104,099 following it, may be a good place to start. Use this link to follow Kyber Network on Twitter.
Article by SixJupiter
