May 10, 2020: KuCoin (KCS): Down 5.75%; 3rd Consecutive Down Day


KuCoin: What’s the Latest Regarding its Price?

KuCoin’s current price, at the time of this writing, is $0.8777 USD, down by approximately 5.75% from the day prior. KuCoin is currently in a down, and it should be noted that this is now the the 3rd straight day that price has been down. Moreover, KuCoin is now 6.68% below its 20 day moving average. To help contextualize yesterday’s price move, we can observe that price has rallied 1 of the past 5 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 9.18% 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 KuCoin imply the currency may oscillate between $0.886797 and $0.994293, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.

As for KuCoin’s market cap, it is currently at about $72M US dollars.

Daily Engagement Metrics Update

Over the past 24 hours, 109 transfers have been added to the blockchain recording transactions amongst holders of KuCoin. Regarding a tally of holders, Yesterday saw KuCoin’s wallet count rise by 2. In terms of recurring usage, we can note that 401 wallets have sent or received coins in the past month, while 47 have in the past day.

Observing KuCoin’s Richest Wallets

In terms of wealth concentration, the richest 1,000 wallets own 210.75% 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. The underlying smart contract itself for KuCoin owns 0.01% of the total money supply; over the past week, this amount has not changed.

KuCoin’s Social Media Presence

Traders interested in following KuCoin has the biggest presence on Twitter, where it has 352,499 users engaged. Here is the Twitter page for KuCoin.

Article by SixJupiter

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