March 24, 2020: 0x (ZRX): Up 1.78%; 2nd Straight Up Day

.

How Did 0x’s Price Fare Yesterday?

At the time of this writing, 0x has a price of $0.1543 USD, which puts it up by approximately 1.78% 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 17.21% below its 20 day moving average. Another data point we may find worthy of observation is that price for 0x has increased 6 of the previous 10 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 72.94% 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 $0.143107 and $0.229623. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.

The currency’s market cap currently stands at $99 million US dollars.

Update on Transactions and Holders

NA transactions amongst holders of 0x occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding 0x has gone NA by approximately NA. To understand loyalty or repeat usage amongst holders of 0x, we can note that there were 453 wallets making a transaction yesterday, while 9,208 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.05.

Observing 0x’s Richest Wallets

And in regards to wealth distribution, note that the top 1,000 0x wallets hold over 139.54% 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. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 7.71% 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 -0.05% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.13%. As for the 0x’s smart contract itself, that owns 0.02% of the total money supply, an amount unchanged from the week prior.

The Latest on 0x and Social Media

Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. 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!