How Did KuCoin’s Price Fare Yesterday?
KuCoin is up by approximately 3.15% from the previous day, with its price currently hovering around $1.244 USD. KuCoin enters the day 3.81% above its 20 day moving average, and is experiencing its the 4th straight day up. To help contextualize yesterday’s price move, we can observe that price has rallied 15 of the past 30 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 42.5% 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 $0.829365 and $1.567385, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.
As for KuCoin’s market cap, it is currently at about $101M US dollars.
Update on Transactions and Holders
NA transactions amongst holders of KuCoin occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding KuCoin has gone NA by approximately NA. In terms of recurring usage, we can note that 478 wallets have sent or received coins in the past month, while 4 have in the past day.
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. The underlying smart contract itself for KuCoin owns 0.01% of the total money supply; over the past week, this amount has not changed.
KuCoin’s Social Media Presence
Social media growth, in terms of Reddit subscribers, came in at up 11 over the past day for KuCoin. If you are interested in following KuCoin on social media, Twitter, where it has 348,011 following it, may be a good place to start. Use this link to follow KuCoin on Twitter.
Article by SixJupiter
