How Did KuCoin’s Price Fare Yesterday?
KuCoin is down by approximately 2.05% from the previous day, with its price currently hovering around $1.149 USD. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 2.1% below its 20 day moving average, and is currently in a unclear trend over the past 14 days. From another vantage point, note that price has gone up 6 of the past 10 days. And in terms of volume, yesterday’s price move ocurred on volume that was 80.98% less than its 7 day average volume.
As for KuCoin’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 $0.956734 and $1.390616. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
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 $94 million.
Straight Off the Chain
Yesterday saw NA transfers amongst holders of KuCoin. As for the number of holders, yesterday saw the number of wallets holding KuCoin NA by NA. To understand loyalty or repeat usage amongst holders of KuCoin, we can note that there were 11 wallets making a transaction yesterday, while 463 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.02.
Just How Rich are KuCoin’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 209.94% of the coin’s total money supply. This number is greater than 100% because many of the token holders are not able to sell them yet, and thus their numbers are not included in the supply yet, though they can be regarded as future sellers when they are able to sell. 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
In terms of social media presence, KuCoin saw its Twitter followers and Reddit subscribers go up by 556 and 20 over the past 24 hours. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Here is the Twitter page for KuCoin.
Article by SixJupiter
