KuCoin Price Update
KuCoin is up by approximately 1.02% from the previous day, with its price currently hovering around $0.9538 USD. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 1.15% above its 20 day moving average, and is currently in an up trend over the past 14 days. 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 48.03% less than its 7 day average volume.
In terms of an expected trading range, the Bollinger bands on KuCoin suggest price may bounce between $0.894253 and $0.991617 based on its momentum and volatility over the past 14 days. Price’s current proximity to the top of the range may make selling 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.
Update on Transactions and Holders
Yesterday saw 70 transfers 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 3. To understand loyalty or repeat usage amongst holders of KuCoin, we can note that there were 31 wallets making a transaction yesterday, while 359 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.09.
Just How Rich are KuCoin’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 210.75% of the coin’s total money supply. Incidentally, this value exceeds 100% because many owners are not yet able to sell (due to contractual provisions), and our supply metric only observes liquid supply. The underlying smart contract itself for KuCoin owns 0.01% of the total money supply; over the past week, this amount has not changed.
What’s Going on Social Media?
In the past day, KuCoin’s Twitter followers and Reddit subscribers went up by 131 and 2, respectively. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. You can follow KuCoin on Twitter here.
Article by SixJupiter
