0x: What’s the Latest Regarding its Price?
At the time of this writing, 0x has a price of $0.207 USD, which puts it up by approximately 0.29% from yesterday. 0x is currently in an up, and it should be noted that this is now the the 2nd straight day that price has been up. Moreover, 0x is now 7.43% above its 20 day moving average. From another vantage point, note that price has gone up 9 of the past 14 days. Another data point we may find worthy of observation is that price for 0x has increased 9 of the previous 14 days.
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 $0.169141 and $0.216229, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top of the range.
The currency’s market cap currently stands at $135 million US dollars.
Update on Transactions and Holders
Yesterday saw 1,270 transfers amongst holders of 0x. In terms of estimating the number of holders, over the past day the total number of wallets holding 0x has gone up by approximately 165. To understand loyalty or repeat usage amongst holders of 0x, we can note that there were 452 wallets making a transaction yesterday, while 9,313 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 136.27% of the token’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 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 7.25% of the currency’s money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.15%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.24%. The underlying smart contract itself for 0x owns 0.02% of the total money supply; over the past week, this amount has not changed.
The Latest on 0x and Social Media
If you are interested in following 0x on social media, Twitter, where it has 152,381 following it, may be a good place to start. You can follow 0x on Twitter here.
Article by SixJupiter
