How Did Nexo’s Price Fare Yesterday?
At the time of this writing, Nexo has a price of $0.1091 USD, which puts it down by approximately 1.62% from yesterday. The down day for Nexo yesterday was a reversal from the day before it, which puts its price at 1.28% above its 20 day moving average. Over the past two weeks, price has been in a unclear trend. Another data point we may find worthy of observation is that price for Nexo has increased 6 of the previous 10 days. Another data point we may find worthy of observation is that price for Nexo has increased 6 of the previous 10 days.
As for Nexo’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 $0.102327 and $0.113123. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.
As for Nexo’s market cap, it is currently at about $62M US dollars.
Daily Engagement Metrics Update
Over the past 24 hours, 248 transfers have been added to the blockchain recording transactions amongst holders of Nexo. As for the number of holders, yesterday saw the number of wallets holding Nexo increase by 41. In terms of recurring usage, we can note that 1,369 wallets have sent or received coins in the past month, while 80 have in the past day.
How are the Strong Holders of Nexo Faring?
In terms of wealth concentration, the richest 1,000 wallets own 109.36% 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. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 4.41% of the currency’s money supply. Exchange ownership grew by -0.01% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.1% over that time period. Nexo’s smart contract owns approximately 0.02% of its own total money supply. This amount hasn’t changed over the past week.
The Latest on Nexo and Social Media
If you are interested in following Nexo on social media, Twitter, where it has 48,921 following it, may be a good place to start. Use this link to follow Nexo on Twitter.
Article by SixJupiter
