March 22, 2020: 0x (ZRX): Up 1.1%; 2nd Straight Up Day


0x Price Update

At the time of this writing, 0x has a price of $0.1568 USD, which puts it up by approximately 1.1% from yesterday. 0x is currently in a down, but it should be noted that this is now the the 2nd consecutive day that price has been up. Moreover, 0x is now 20.72% below its 20 day moving average. Another data point we may find worthy of observation is that price for 0x has increased 15 of the previous 30 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 81.49% less than its 7 day average volume.

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 $0.131098 and $0.264442. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.

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 $101 million.

Daily Engagement Metrics Update

Yesterday saw NA transfers amongst holders of 0x. As for the number of holders, yesterday saw the number of wallets holding 0x NA by NA. In terms of recurring usage, we can note that 9,180 wallets have sent or received coins in the past month, while 463 have in the past day.

Observing 0x’s Richest Wallets

As for wealth distribution, the richest 1,000 wallets currently own 139.55% 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 7.7% of the currency’s total money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by 0.19%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.02%. As for the 0x’s smart contract itself, that owns 0.02% of the total money supply, an amount unchanged from the week prior.

0x’s Social Media Presence

Traders interested in following 0x has the biggest presence on Twitter, where it has 152,731 users engaged. Use this link to follow 0x on Twitter.

Article by SixJupiter

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