How Did KuCoin’s Price Fare Yesterday?
At the time of this writing, KuCoin has a price of $0.9618 USD, which puts it up by approximately 1.17% from yesterday. 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 2.18% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. From another vantage point, note that price has gone up 16 of the past 30 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 41.03% less than its 7 day average volume.
In terms of an expected trading range, the Bollinger bands on KuCoin suggest price may bounce between $0.891858 and $0.990762 based on its momentum and volatility over the past 14 days. Price’s current proximity to the top of the range may make selling an attractive opportunity to traders interested in trading the range.
The currency’s market cap currently stands at $78 million US dollars.
Daily Engagement Metrics Update
Over the past 24 hours, 87 transfers have been added to the blockchain recording transactions amongst holders of KuCoin. As for the number of holders, yesterday saw the number of wallets holding KuCoin rise by 1. To understand loyalty or repeat usage amongst holders of KuCoin, we can note that there were 61 wallets making a transaction yesterday, while 350 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.17.
How are the Strong Holders of KuCoin Faring?
In terms of wealth concentration, the richest 1,000 wallets own 210.75% of the coin’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. The underlying smart contract itself for KuCoin owns 0.01% of the total money supply; over the past week, this amount has not changed.
What’s Going on Social Media?
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 297 and 2 over the past day for KuCoin. If you are interested in following KuCoin on social media, Twitter, where it has 352,533 following it, may be a good place to start. You can follow KuCoin on Twitter here.
Article by SixJupiter
