How Did Kyber Network’s Price Fare Yesterday?
Kyber Network is down by approximately 2.99% from the previous day, with its price currently hovering around $0.4286 USD. This marked the the 3rd day in a row Kyber Network has been down; it is still in a unclear trend, and is currently 13.29% below its 20 day moving average; staying above this level may be critical to sustain short-term momentum. From another vantage point, note that price has gone up 5 of the past 14 days. And in terms of volume, yesterday’s price move ocurred on volume that was 89.82% 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 $0.43569 and $0.55292 based on its momentum and volatility over the past 14 days. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.
As for Kyber Network’s market cap, it is currently at about $77M US dollars.
Daily Engagement Metrics Update
Yesterday saw 118 transfers amongst holders of Kyber Network. As for the number of holders, yesterday saw the number of wallets holding Kyber Network increase by 21. To understand loyalty or repeat usage amongst holders of Kyber Network, we can note that there were 284 wallets making a transaction yesterday, while 10,421 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.
Just How Rich are Kyber Network’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 108.68% of the coin’s total money supply. Incidentally, this value exceeds 100% because many owners are not yet able to sell (due to contractual provisions), and our supply metric only observes liquid supply. 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 9.01% of the currency’s total money supply. Exchange ownership grew by -0.05% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.15% over that time period.
Kyber Network’s Social Media Presence
In terms of social media presence, Kyber Network saw its Reddit subscribers go up by 6 over the past 24 hours. 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
