How Did Kyber Network’s Price Fare Yesterday?
Kyber Network is up by approximately 7.47% from the previous day, with its price currently hovering around $0.5493 USD. Kyber Network enters the day 11.55% below its 20 day moving average, but is experiencing its the 2nd consecutive day up. From another vantage point, note that price has gone up 3 of the past 5 days. And in terms of volume, yesterday’s price move ocurred on volume that was 74.01% 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 Kyber Network imply the currency may oscillate between $0.319021 and $0.922969, based on how price has behaved in the two weeks prior. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
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 $97 million.
Daily Engagement Metrics Update
NA transactions amongst holders of Kyber Network occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Kyber Network NA by NA. In terms of recurring usage, we can note that 10,128 wallets have sent or received coins in the past month, while 560 have in the past day.
Observing Kyber Network’s Richest Wallets
As for wealth distribution, the richest 1,000 wallets currently own 108.81% 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%. 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 9.17% 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 0.13% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.72%.
Kyber Network’s Social Media Presence
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 346 and 6 over the past day for Kyber Network. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Use this link to follow Kyber Network on Twitter.
Article by SixJupiter
