March 25, 2020: 0x (ZRX): Up 3.31%

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0x Price Update

0x’s current price, at the time of this writing, is $0.1561 USD, up by approximately 3.31% from the day prior. The up day for 0x yesterday was a reversal from the day before it, which puts its price at 13.39% below its 20 day moving average. Over the past two weeks, price has been in a unclear trend. Another data point we may find worthy of observation is that price for 0x has increased 7 of the previous 14 days. Another data point we may find worthy of observation is that price for 0x has increased 7 of the previous 14 days.

In terms of an expected trading range, the Bollinger bands on 0x suggest price may bounce between $0.162779 and $0.197671 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.

As for 0x’s market cap, it is currently at about $100M US dollars.

Update on Transactions and Holders

Yesterday saw NA transfers amongst holders of 0x. 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 further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.06, with 515 wallets making a transfer this past day and 9,305 wallets having made a transfer in the past month.

How are the Strong Holders of 0x Faring?

And in regards to wealth distribution, note that the top 1,000 0x wallets hold over 139.52% of the token’s total 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 7.87% of the currency’s total money supply. Exchange ownership grew by 0.24% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.1% over that time period. 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. Use this link to follow 0x on Twitter.

Article by SixJupiter

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