0x Price Update
0x’s current price, at the time of this writing, is $0.1561 USD, down by approximately 2.07% from the day prior. The down day for 0x yesterday was a reversal from the day before it, which puts its price at 7.46% 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 3 of the past 5 days. Another data point we may find worthy of observation is that price for 0x has increased 3 of the previous 5 days.
In terms of an expected trading range, the Bollinger bands on 0x suggest price may bounce between $0.153718 and $0.183632 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 0x’s market cap, it is currently at about $100M US dollars.
Straight Off the Chain
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. In terms of recurring usage, we can note that 9,441 wallets have sent or received coins in the past month, while 493 have in the past day.
How are the Strong Holders of 0x Faring?
And in regards to wealth distribution, note that the top 1,000 0x wallets hold over 139.46% of the token’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. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 7.88% 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 -0.12% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.28%. 0x’s smart contract owns approximately 0.02% of its own total money supply. This amount hasn’t changed over the past week.
The Latest on 0x and Social Media
In terms of social media presence, 0x saw its Reddit subscribers go up by 8 over the past 24 hours. 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