KuCoin: What’s the Latest Regarding its Price?
KuCoin is down by approximately 2.12% from the previous day, with its price currently hovering around $1.063 USD. KuCoin enters the day 6.39% below its 20 day moving average, and is experiencing its the 3rd straight day down. Another data point we may find worthy of observation is that price for KuCoin has increased 2 of the previous 5 days. Another data point we may find worthy of observation is that price for KuCoin has increased 2 of the previous 5 days.
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 KuCoin imply the currency may oscillate between $0.921509 and $1.349641, based on how price has behaved in the two weeks prior. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
The currency’s market cap currently stands at $87 million US dollars.
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 12 wallets making a transaction yesterday, while 462 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.03.
Observing KuCoin’s Richest Wallets
And in regards to wealth distribution, note that the top 1,000 KuCoin wallets hold over 209.94% of the token’s total money supply. Ownership exceeding 100% is due to the fact that our supply metric is focused just on available supply, and some large owners of KuCoin have ownership they cannot sell at this time — but may be able to in the future. The underlying smart contract itself for KuCoin owns 0.01% of the total money supply; over the past week, this amount has not changed.
The Latest on KuCoin and Social Media
In terms of social media presence, KuCoin saw its Twitter followers and Reddit subscribers go up by 382 and 14 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 KuCoin on Twitter.
Article by SixJupiter
