KuCoin: What’s the Latest Regarding its Price?
KuCoin is up by approximately 7.96% from the previous day, with its price currently hovering around $0.9278 USD. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a unclear trend, and is currently 12.94% below its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. Another data point we may find worthy of observation is that price for KuCoin has increased 13 of the previous 30 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 72.33% less than its 7 day average volume.
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 KuCoin imply the currency may oscillate between $0.842296 and $1.288994, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
The currency’s market cap currently stands at $76 million US dollars.
Straight Off the Chain
Over the past 24 hours, 44 transfers have been added to the blockchain recording transactions amongst holders of KuCoin. Regarding a tally of holders, Yesterday saw KuCoin’s wallet count rise by 2. To understand loyalty or repeat usage amongst holders of KuCoin, we can note that there were 6 wallets making a transaction yesterday, while 466 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.01.
Just How Rich are KuCoin’s Richest Holders?
As for wealth distribution, the richest 1,000 wallets currently own 209.94% of the 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. KuCoin’s smart contract owns approximately 0.01% of its own total money supply. This amount hasn’t changed over the past week.
The Latest on KuCoin and Social Media
Social media growth, in terms of Reddit subscribers, came in at up 13 over the past day for KuCoin. Traders interested in following KuCoin has the biggest presence on Twitter, where it has 350,610 users engaged. You can follow KuCoin on Twitter here.
Article by SixJupiter
