Kyber Network Price Update
At the time of this writing, Kyber Network has a price of $0.4627 USD, which puts it up by approximately 1.2% from yesterday. Kyber Network is currently in a unclear , but it should be noted that this is now the the 2nd day in a row that price has been up. Moreover, Kyber Network is now 11.58% below its 20 day moving average. From another vantage point, note that price has gone up 18 of the past 30 days. Another data point we may find worthy of observation is that price for Kyber Network has increased 18 of the previous 30 days.
As for Kyber Network’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 $0.468154 and $0.578426. 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 $83 million US dollars.
Update on Transactions and Holders
Over the past 24 hours, NA transfers have been added to the blockchain recording transactions amongst holders of Kyber Network. In terms of estimating the number of holders, over the past day the total number of wallets holding Kyber Network has gone NA by approximately NA. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.03, with 340 wallets making a transfer this past day and 10,410 wallets having made a transfer in the past month.
How are the Strong Holders of Kyber Network Faring?
And in regards to wealth distribution, note that the top 1,000 Kyber Network wallets hold over 108.72% 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. 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 9.05% 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 -0.13%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.13%.
The Latest on Kyber Network and Social Media
In the past day, Kyber Network’s Twitter followers and Reddit subscribers went up by 7 and 9, respectively. If you are interested in following Kyber Network on social media, Twitter, where it has 104,528 following it, may be a good place to start. Here is the Twitter page for Kyber Network.
Article by SixJupiter
