0x Price Update
0x’s current price, at the time of this writing, is $0.2101 USD, up by approximately 5.84% from the day prior. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in an up trend, and is currently 14.94% above 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 0x has increased 3 of the previous 5 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 81.85% 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 0x imply the currency may oscillate between $0.149828 and $0.215742, based on how price has behaved in the two weeks prior. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.
The currency’s market cap currently stands at $137 million US dollars.
Update on Transactions and Holders
Over the past 24 hours, 1,358 transfers have been added to the blockchain recording transactions amongst holders of 0x. In terms of estimating the number of holders, over the past day the total number of wallets holding 0x has gone up by approximately 193. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.07, with 585 wallets making a transfer this past day and 8,845 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 136.53% of the token’s total 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. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 7.34% of the currency’s money supply. Exchange ownership grew by 0.25% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.24% over that time period. 0x’s smart contract owns approximately 0.02% of its own total money supply. This amount hasn’t changed over the past week.
0x’s Social Media Presence
In terms of social media presence, 0x saw its Twitter followers and Reddit subscribers go up by 19 and 5 over the past 24 hours. Traders interested in following 0x has the biggest presence on Twitter, where it has 152,413 users engaged. You can follow 0x on Twitter here.
Article by SixJupiter
