How Did KuCoin’s Price Fare Yesterday?
KuCoin’s current price, at the time of this writing, is $0.9433 USD, up by approximately 0.11% from the day prior. KuCoin is currently in a down, but it should be noted that this is now the the 2nd consecutive day that price has been up. Moreover, KuCoin is now 9.89% below its 20 day moving average. Another data point we may find worthy of observation is that price for KuCoin has increased 4 of the previous 10 days. Another data point we may find worthy of observation is that price for KuCoin has increased 4 of the previous 10 days.
As for KuCoin’s expected trading range — as forecasted by the Bollinger bands indicator, which determines a range based on momentum and volatility over the past two weeks — is between $0.816961 and $1.276809. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
The market capitalization of KuCoin, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $78 million.
Straight Off the Chain
Over the past 24 hours, 10 transfers have been added to the blockchain recording transactions amongst holders of KuCoin. In terms of estimating the number of holders, over the past day the total number of wallets holding KuCoin has gone up by approximately 3. To understand loyalty or repeat usage amongst holders of KuCoin, we can note that there were 5 wallets making a transaction yesterday, while 462 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.
Observing KuCoin’s Richest Wallets
And in regards to wealth distribution, note that the top 1,000 KuCoin wallets hold over 209.94% of the token’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. As for the KuCoin’s smart contract itself, that owns 0.01% of the total money supply, an amount unchanged from the week prior.
The Latest on KuCoin and Social Media
In the past day, KuCoin’s Twitter followers and Reddit subscribers went up by 37 and 7, respectively. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Here is the Twitter page for KuCoin.
Article by SixJupiter