How Did 0x’s Price Fare Yesterday?
0x’s current price, at the time of this writing, is $0.1758 USD, up by approximately 7.85% from the day prior. 0x enters the day 15.25% below its 20 day moving average, but is experiencing its the 4th day in a row up. To help contextualize yesterday’s price move, we can observe that price has rallied 4 of the past 5 days. Another data point we may find worthy of observation is that price for 0x has increased 4 of the previous 5 days.
As for 0x’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 $0.124464 and $0.290406. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.
As for 0x’s market cap, it is currently at about $111M US dollars.
Straight Off the Chain
Over the past 24 hours, NA transfers have been added to the blockchain recording transactions amongst holders of 0x. 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. In terms of recurring usage, we can note that 9,054 wallets have sent or received coins in the past month, while 611 have in the past day.
Observing 0x’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 139.58% of the coin’s total money supply. This number is greater than 100% because many of the token holders are not able to sell them yet, and thus their numbers are not included in the supply yet, though they can be regarded as future sellers when they are able to sell. 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 7.61% of the currency’s total money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by 0.22% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.51%. As for the 0x’s smart contract itself, that owns 0.02% of the total money supply, an amount unchanged from the week prior.
The Latest on 0x and Social Media
In terms of social media presence, 0x saw its Reddit subscribers go up by 1 over the past 24 hours. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Here is the Twitter page for 0x.
Article by SixJupiter
