How Did Kyber Network’s Price Fare Yesterday?
Kyber Network is down by approximately 0.1% from the previous day, with its price currently hovering around $0.6935 USD. The down day for Kyber Network yesterday was a reversal from the day before it, which puts its price at 28% above its 20 day moving average. Over the past two weeks, price has been in an up trend. From another vantage point, note that price has gone up 7 of the past 10 days. Another data point we may find worthy of observation is that price for Kyber Network has increased 7 of the previous 10 days.
In terms of an expected trading range, the Bollinger bands on Kyber Network suggest price may bounce between $0.334865 and $0.748745 based on its momentum and volatility over the past 14 days. 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 $125 million US dollars.
Straight Off the Chain
Over the past 24 hours, 1,661 transfers have been added to the blockchain recording transactions amongst holders of Kyber Network. As for the number of holders, yesterday saw the number of wallets holding Kyber Network rise by 40. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.08, with 587 wallets making a transfer this past day and 7,757 wallets having made a transfer in the past month.
How are the Strong Holders of Kyber Network Faring?
In terms of wealth concentration, the richest 1,000 wallets own 107.49% of the coin’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 7.57% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.22% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.1%.
Kyber Network’s Social Media Presence
Traders interested in following Kyber Network has the biggest presence on Twitter, where it has 105,408 users engaged. Here is the Twitter page for Kyber Network.
Article by SixJupiter
