March 26, 2020: 0x (ZRX): Down 2.04%

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0x Price Update

At the time of this writing, 0x has a price of $0.154 USD, which puts it down by approximately 2.04% from yesterday. The down day for 0x yesterday was a reversal from the day before it, which puts its price at 11.38% 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 7 of the past 14 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 73.66% less than its 7 day average volume.

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 0x imply the currency may oscillate between $0.156683 and $0.190877, based on how price has behaved in the two weeks prior. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.

The currency’s market cap currently stands at $99 million US dollars.

Update on Transactions and Holders

NA transactions amongst holders of 0x occurred yesterday. 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. In terms of recurring usage, we can note that 9,322 wallets have sent or received coins in the past month, while 479 have in the past day.

Observing 0x’s Richest Wallets

In terms of wealth concentration, the richest 1,000 wallets own 139.46% 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. 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. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.15%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.25%. As for the 0x’s smart contract itself, that owns 0.02% of the total money supply, an amount unchanged from the week prior.

0x’s Social Media Presence

Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. You can follow 0x on Twitter here.

Article by SixJupiter

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