May 10, 2020: 0x (ZRX): Up 0.05%; 6th Consecutive Up Day


0x: What’s the Latest Regarding its Price?

At the time of this writing, 0x has a price of $0.4253 USD, which puts it up by approximately 0.05% from yesterday. 0x is currently in an up, and it should be noted that this is now the the 6th straight day that price has been up. Moreover, 0x is now 80.61% above its 20 day moving average. From another vantage point, note that price has gone up 8 of the past 10 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 2.73% greater than its 7 day average volume.

As for 0x’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 $0.058753 and $0.412207. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.

As for 0x’s market cap, it is currently at about $275M US dollars.

Straight Off the Chain

Over the past 24 hours, 7,903 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 868. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.17, with 2,494 wallets making a transfer this past day and 15,095 wallets having made a transfer in the past month.

Just How Rich are 0x’s Richest Holders?

And in regards to wealth distribution, note that the top 1,000 0x wallets hold over 135.9% 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. If we focus on exchanges, which may be an correlated with liquidity and greater confidence in the currency, the exchange wallets that are in the top 1,000 wallets own 7.05% of the currency’s total money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.47% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.29%. As for the 0x’s smart contract itself, that owns 0.02% of the total money supply, an amount unchanged from the week prior.

0x’s Social Media Presence

In terms of social media presence, 0x saw its Twitter followers and Reddit subscribers go up by 215 and 16 over the past 24 hours. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Use this link to follow 0x on Twitter.

Article by SixJupiter

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