0x Price Update
0x’s current price, at the time of this writing, is $0.1507 USD, up by approximately 4.29% from the day prior. The up day for 0x yesterday was a reversal from the day before it, which puts its price at 3.53% below its 20 day moving average. Over the past two weeks, price has been in a unclear trend. Another data point we may find worthy of observation is that price for 0x has increased 6 of the previous 10 days. Another data point we may find worthy of observation is that price for 0x has increased 6 of the previous 10 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 $0.143735 and $0.168695, 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.
As for 0x’s market cap, it is currently at about $98M US dollars.
Daily Engagement Metrics Update
824 transactions amongst holders of 0x occurred yesterday. Regarding a tally of holders, Yesterday saw 0x’s wallet count rise by 119. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.04, with 372 wallets making a transfer this past day and 9,279 wallets having made a transfer in the past month.
How are the Strong Holders of 0x Faring?
And in regards to wealth distribution, note that the top 1,000 0x wallets hold over 137.23% of the token’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%. 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 7.47% of the currency’s total money supply. Exchange ownership grew by -0.17% 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 underlying smart contract itself for 0x owns 0.02% of the total money supply; over the past week, this amount has not changed.
The Latest on 0x and Social Media
If you are interested in following 0x on social media, Twitter, where it has 152,491 following it, may be a good place to start. You can follow 0x on Twitter here.
Article by SixJupiter
