Kyber Network: What’s the Latest Regarding its Price?
Kyber Network is down by approximately 5.24% from the previous day, with its price currently hovering around $0.4615 USD. Kyber Network enters the day 23.27% below its 20 day moving average, and is experiencing its the 2nd consecutive day down. Another data point we may find worthy of observation is that price for Kyber Network has increased 16 of the previous 30 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 76.97% less than its 7 day average volume.
As for Kyber Network’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 $0.322362 and $0.880548. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
As for Kyber Network’s market cap, it is currently at about $83M US dollars.
Update on Transactions and Holders
Yesterday saw NA transfers amongst holders of Kyber Network. 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 10,264 wallets have sent or received coins in the past month, while 517 have in the past day.
Just How Rich are Kyber Network’s Richest Holders?
As for wealth distribution, the richest 1,000 wallets currently own 108.8% 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 9.14% 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 0.05% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.36%.
Kyber Network’s Social Media Presence
Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. You can follow Kyber Network on Twitter here.
Article by SixJupiter
