0x Price Update
0x is down by approximately 1.07% from the previous day, with its price currently hovering around $0.2122 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 13.17% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. From another vantage point, note that price has gone up 6 of the past 10 days. And in terms of volume, yesterday’s price move ocurred on volume that was 85.52% less 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 $0.151903 and $0.223097. Price’s current proximity to the top of the range may make selling an attractive opportunity to traders interested in trading the range.
As for 0x’s market cap, it is currently at about $139M US dollars.
Straight Off the Chain
Yesterday saw 814 transfers amongst holders of 0x. As for the number of holders, yesterday saw the number of wallets holding 0x rise by 197. To understand loyalty or repeat usage amongst holders of 0x, we can note that there were 416 wallets making a transaction yesterday, while 8,959 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?
And in regards to wealth distribution, note that the top 1,000 0x wallets hold over 136.38% of the token’s total money supply. Ownership exceeding 100% is due to the fact that our supply metric is focused just on available supply, and some large owners of 0x have ownership they cannot sell at this time — but may be able to in the future. 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 7.34% of the currency’s total money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.18%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.47%. 0x’s smart contract owns approximately 0.02% of its own total money supply. This amount hasn’t changed over the past week.
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. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. You can follow 0x on Twitter here.
Article by SixJupiter
