March 21, 2020: 0x (ZRX): Down 1.52%; 2nd Straight Down Day

.

0x: What’s the Latest Regarding its Price?

At the time of this writing, 0x has a price of $0.1491 USD, which puts it down by approximately 1.52% from yesterday. 0x is currently in a down, and it should be noted that this is now the the 2nd straight day that price has been down. Moreover, 0x is now 26.24% below its 20 day moving average. To help contextualize yesterday’s price move, we can observe that price has rallied 14 of the past 30 days. Another data point we may find worthy of observation is that price for 0x has increased 14 of the previous 30 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 $0.129476 and $0.274814. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.

The market capitalization of 0x, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $95 million.

Daily Engagement Metrics Update

Over the past 24 hours, NA transfers have been added to the blockchain recording transactions amongst holders of 0x. Regarding a tally of holders, Yesterday saw 0x’s wallet count NA by NA. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.07, with 624 wallets making a transfer this past day and 9,185 wallets having made a transfer in the past month.

How are the Strong Holders of 0x Faring?

And in regards to wealth distribution, note that the top 1,000 0x wallets hold over 139.57% of the token’s total 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%. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 7.77% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by 0.21% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.28%. 0x’s smart contract owns approximately 0.02% of its own total money supply. This amount hasn’t changed over the past week.

The Latest on 0x and Social Media

If you are interested in following 0x on social media, Twitter, where it has 152,780 following it, may be a good place to start. Here is the Twitter page for 0x.

Article by SixJupiter

Stay up to date on crypto news!

Sign up for our newsletter for all the hottest crypto stories, ICO reviews, and insights from leading experts of the crypto world - four times a week.

You have been signed up!