March 28, 2020: 0x (ZRX): Down 1.47%; 2nd Consecutive Down Day

.

0x Price Update

0x’s current price, at the time of this writing, is $0.1477 USD, down by approximately 1.47% from the day prior. 0x is currently in a unclear , and it should be noted that this is now the the 2nd day in a row that price has been down. Moreover, 0x is now 10.21% below its 20 day moving average. To help contextualize yesterday’s price move, we can observe that price has rallied 2 of the past 5 days. Another data point we may find worthy of observation is that price for 0x 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 0x imply the currency may oscillate between $0.150029 and $0.178961, 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 market capitalization of 0x, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $95 million.

Update on Transactions and Holders

NA transactions amongst holders of 0x occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding 0x NA by 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 0.05, with 492 wallets making a transfer this past day and 9,393 wallets having made a transfer in the past month.

Observing 0x’s Richest Wallets

As for wealth distribution, the richest 1,000 wallets currently own 139.46% of the 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 0x have ownership they cannot sell at this time — but may be able to in the future. 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 7.57% 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 -0.11% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.2%. 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

Social media growth, in terms of Reddit subscribers, came in at up 9 over the past day for 0x. 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

Stay up to date on crypto news!

Sign up for our newsletter for all the hottest crypto stories, ICO reviews, and insights from leading experts of the crypto world - four times a week.

You have been signed up!