0x: What’s the Latest Regarding its Price?
At the time of this writing, 0x has a price of $0.1985 USD, which puts it down by approximately 4.06% from yesterday. 0x is currently in an up, but it should be noted that this is now the the 2nd day in a row that price has been down. Moreover, 0x is now 5.25% above its 20 day moving average. To help contextualize yesterday’s price move, we can observe that price has rallied 5 of the past 10 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 65.28% 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 $0.157 and $0.22019, based on how price has behaved in the two weeks prior. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.
The currency’s market cap currently stands at $130 million US dollars.
Daily Engagement Metrics Update
1,040 transactions amongst holders of 0x occurred yesterday. Regarding a tally of holders, Yesterday saw 0x’s wallet count rise by 171. In terms of recurring usage, we can note that 9,000 wallets have sent or received coins in the past month, while 417 have in the past day.
How are the Strong Holders of 0x Faring?
As for wealth distribution, the richest 1,000 wallets currently own 136.33% of the 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. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 7.32% of the currency’s money supply. Exchange ownership grew by -0.28% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.12% 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.
What’s Going on Social Media?
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
