0x: What’s the Latest Regarding its Price?
0x’s current price, at the time of this writing, is $0.2109 USD, down by approximately 1.31% from the day prior. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 13.95% above its 20 day moving average, and is currently in an up trend over the past 14 days. From another vantage point, note that price has gone up 17 of the past 30 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 68.9% 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 $0.149851 and $0.220299, based on how price has behaved in the two weeks prior. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.
The currency’s market cap currently stands at $138 million US dollars.
Update on Transactions and Holders
Over the past 24 hours, 991 transfers have been added to the blockchain recording transactions amongst holders of 0x. As for the number of holders, yesterday saw the number of wallets holding 0x rise by 158. To understand loyalty or repeat usage amongst holders of 0x, we can note that there were 409 wallets making a transaction yesterday, while 8,914 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.05.
How are the Strong Holders of 0x Faring?
As for wealth distribution, the richest 1,000 wallets currently own 136.4% of the 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 7.31% of the currency’s money supply. Exchange ownership grew by 0.34% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.21% over that time period. 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 Reddit subscribers go up by 1 over the past 24 hours. Traders interested in following 0x has the biggest presence on Twitter, where it has 152,412 users engaged. Use this link to follow 0x on Twitter.
Article by SixJupiter
