March 25, 2020: Nexo (NEXO): Up 0.38%

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Nexo: What’s the Latest Regarding its Price?

Nexo’s current price, at the time of this writing, is $0.1062 USD, up by approximately 0.38% from the day prior. The up day for Nexo yesterday was a reversal from the day before it, which puts its price at 9.35% below its 20 day moving average. Over the past two weeks, price has been in a unclear trend. To help contextualize yesterday’s price move, we can observe that price has rallied 14 of the past 30 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 88.5% less than its 7 day average volume.

In terms of an expected trading range, the Bollinger bands on Nexo suggest price may bounce between $0.097398 and $0.136904 based on its momentum and volatility over the past 14 days. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.

As for Nexo’s market cap, it is currently at about $60M US dollars.

Straight Off the Chain

Yesterday saw NA transfers amongst holders of Nexo. As for the number of holders, yesterday saw the number of wallets holding Nexo NA by NA. In terms of recurring usage, we can note that 1,673 wallets have sent or received coins in the past month, while 122 have in the past day.

Observing Nexo’s Richest Wallets

In terms of wealth concentration, the richest 1,000 wallets own 109.71% 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 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 4.01% of the currency’s money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.09%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.2%. The underlying smart contract itself for Nexo owns 0.02% of the total money supply; over the past week, this amount has not changed.

What’s Going on Social Media?

In terms of social media presence, Nexo saw its Reddit subscribers go up by 12 over the past 24 hours. If you are interested in following Nexo on social media, Twitter, where it has 48,764 following it, may be a good place to start. Use this link to follow Nexo on Twitter.

Article by SixJupiter

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