March 28, 2020: Kyber Network (KNC): Down 2.47%; 2nd Consecutive Down Day

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How Did Kyber Network’s Price Fare Yesterday?

Kyber Network’s current price, at the time of this writing, is $0.4375 USD, down by approximately 2.47% from the day prior. Kyber Network is currently in a unclear , and it should be noted that this is now the the 2nd straight day that price has been down. Moreover, Kyber Network is now 14.14% below its 20 day moving average. Another data point we may find worthy of observation is that price for Kyber Network has increased 4 of the previous 10 days. And in terms of volume, yesterday’s price move ocurred on volume that was 42.81% less than its 7 day average volume.

In terms of an expected trading range, the Bollinger bands on Kyber Network suggest price may bounce between $0.452469 and $0.566651 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.

The currency’s market cap currently stands at $79 million US dollars.

Straight Off the Chain

Over the past 24 hours, NA transfers have been added to the blockchain recording transactions amongst holders of Kyber Network. As for the number of holders, yesterday saw the number of wallets holding Kyber Network NA by NA. To understand loyalty or repeat usage amongst holders of Kyber Network, we can note that there were 412 wallets making a transaction yesterday, while 10,515 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.04.

Observing Kyber Network’s Richest Wallets

In terms of wealth concentration, the richest 1,000 wallets own 108.67% of the coin’s total money supply. To further clarify, our supply metric focuses only on supply that is publicly available while many large holders may have tokens they are not able to sell yet — which is why this value can exceed 100%. 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 9.06% of the currency’s money supply. Exchange ownership grew by -0.09% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.16% over that time period.

The Latest on Kyber Network and Social Media

In the past day, Kyber Network’s Reddit subscribers went up by 7, respectively. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. You can follow Kyber Network on Twitter here.

Article by SixJupiter

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