KuCoin Price Update
KuCoin is down by approximately 0.94% from the previous day, with its price currently hovering around $0.9466 USD. 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 0.55% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. Another data point we may find worthy of observation is that price for KuCoin has increased 6 of the previous 10 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 56.74% less than its 7 day average volume.
As for KuCoin’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 $0.89256 and $0.99035. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.
The market capitalization of KuCoin, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $77 million.
Daily Engagement Metrics Update
Over the past 24 hours, 137 transfers have been added to the blockchain recording transactions amongst holders of KuCoin. In terms of estimating the number of holders, over the past day the total number of wallets holding KuCoin has gone up by approximately 4. To understand loyalty or repeat usage amongst holders of KuCoin, we can note that there were 64 wallets making a transaction yesterday, while 356 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.18.
Just How Rich are KuCoin’s Richest Holders?
And in regards to wealth distribution, note that the top 1,000 KuCoin wallets hold over 210.75% 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. 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 352,533 users engaged. Use this link to follow KuCoin on Twitter.
Article by SixJupiter
