Kyber Network: What’s the Latest Regarding its Price?
Kyber Network is up by approximately 4.4% from the previous day, with its price currently hovering around $0.4387 USD. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 7.96% below its 20 day moving average, and is currently in a unclear trend over the past 14 days. Another data point we may find worthy of observation is that price for Kyber Network has increased 6 of the previous 14 days. Another data point we may find worthy of observation is that price for Kyber Network has increased 6 of the previous 14 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 Kyber Network imply the currency may oscillate between $0.427077 and $0.526253, based on how price has behaved in the two weeks prior. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.
The currency’s market cap currently stands at $79 million US dollars.
Daily Engagement Metrics Update
1,147 transactions amongst holders of Kyber Network occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Kyber Network rise by 59. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.02, with 249 wallets making a transfer this past day and 10,384 wallets having made a transfer in the past month.
Just How Rich are Kyber Network’s Richest Holders?
As for wealth distribution, the richest 1,000 wallets currently own 108.63% 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 Kyber Network have ownership they cannot sell at this time — but may be able to in the future. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 8.9% of the currency’s money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.15%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.07%.
The Latest on Kyber Network and Social Media
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 28 and 7 over the past day for Kyber Network. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Use this link to follow Kyber Network on Twitter.
Article by SixJupiter
