KuCoin: What’s the Latest Regarding its Price?
KuCoin is down by approximately 8.53% from the previous day, with its price currently hovering around $1.104 USD. The down day for KuCoin yesterday was a reversal from the day before it, which puts its price at 7.43% below its 20 day moving average. Over the past two weeks, price has been in a down trend. Another data point we may find worthy of observation is that price for KuCoin has increased 14 of the previous 30 days. Another data point we may find worthy of observation is that price for KuCoin has increased 14 of the previous 30 days.
As for KuCoin’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 $0.858215 and $1.526895. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
The market capitalization of KuCoin, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $91 million.
Daily Engagement Metrics Update
Over the past 24 hours, NA transfers have been added to the blockchain recording transactions amongst holders of KuCoin. 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. To understand loyalty or repeat usage amongst holders of KuCoin, we can note that there were 27 wallets making a transaction yesterday, while 477 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.06.
How are the Strong Holders of KuCoin Faring?
And in regards to wealth distribution, note that the top 1,000 KuCoin wallets hold over 209.94% of the token’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. KuCoin’s smart contract owns approximately 0.01% of its own total money supply. This amount hasn’t changed over the past week.
KuCoin’s Social Media Presence
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 141 and 6 over the past day for KuCoin. If you are interested in following KuCoin on social media, Twitter, where it has 348,152 following it, may be a good place to start. Here is the Twitter page for KuCoin.
Article by SixJupiter
