March 24, 2020: KuCoin (KCS): Up 0.85%; 2nd Consecutive Up Day

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How Did KuCoin’s Price Fare Yesterday?

KuCoin is up by approximately 0.85% from the previous day, with its price currently hovering around $1.181 USD. This marked the the 2nd consecutive day KuCoin has been up; it is still in a unclear trend, and is currently 0.13% below its 20 day moving average; staying above this level may be critical to sustain short-term momentum. Another data point we may find worthy of observation is that price for KuCoin has increased 3 of the previous 5 days. And in terms of volume, yesterday’s price move ocurred on volume that was 79.04% less than its 7 day average volume.

In terms of an expected trading range, the Bollinger bands on KuCoin suggest price may bounce between $0.929304 and $1.435746 based on its momentum and volatility over the past 14 days. 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 KuCoin, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $97 million.

Daily Engagement Metrics Update

NA transactions amongst holders of KuCoin occurred yesterday. Regarding a tally of holders, Yesterday saw KuCoin’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 0.01, with 4 wallets making a transfer this past day and 467 wallets having made a transfer in the past month.

How are the Strong Holders of KuCoin Faring?

In terms of wealth concentration, the richest 1,000 wallets own 209.94% of the coin’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. The underlying smart contract itself for KuCoin owns 0.01% of the total money supply; over the past week, this amount has not changed.

KuCoin’s Social Media Presence

Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Use this link to follow KuCoin on Twitter.

Article by SixJupiter

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