March 24, 2020: Nexo (NEXO): Up 8.07%; 2nd Straight Up Day

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Nexo: What’s the Latest Regarding its Price?

Nexo’s current price, at the time of this writing, is $0.1165 USD, up by approximately 8.07% from the day prior. Nexo is currently in a unclear , but it should be noted that this is now the the 2nd day in a row that price has been up. Moreover, Nexo is now 4.22% below its 20 day moving average. To help contextualize yesterday’s price move, we can observe that price has rallied 14 of the past 30 days. Another data point we may find worthy of observation is that price for Nexo has increased 14 of the previous 30 days.

Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for Nexo imply the currency may oscillate between $0.085663 and $0.157609, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.

The currency’s market cap currently stands at $65 million US dollars.

Daily Engagement Metrics Update

NA transactions amongst holders of Nexo occurred yesterday. Regarding a tally of holders, Yesterday saw Nexo’s wallet count NA by NA. In terms of recurring usage, we can note that 1,672 wallets have sent or received coins in the past month, while 90 have in the past day.

Just How Rich are Nexo’s Richest Holders?

And in regards to wealth distribution, note that the top 1,000 Nexo wallets hold over 109.72% 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. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 3.86% 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 -0.07% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.03%. The underlying smart contract itself for Nexo owns 0.02% of the total money supply; over the past week, this amount has not changed.

The Latest on Nexo and Social Media

If you are interested in following Nexo on social media, Twitter, where it has 48,791 following it, may be a good place to start. Here is the Twitter page for Nexo.

Article by SixJupiter

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