May 7, 2020: Augur (REP): Up 1.02%

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Augur Price Update

Augur is up by approximately 1.02% from the previous day, with its price currently hovering around $10.87 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 3.8% above its 20 day moving average, and is currently in an up trend over the past 14 days. To help contextualize yesterday’s price move, we can observe that price has rallied 10 of the past 14 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 97.86% less than its 7 day average volume.

In terms of an expected trading range, the Bollinger bands on Augur suggest price may bounce between $9.809265 and $11.13533 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.

The market capitalization of Augur, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $120 million.

Daily Engagement Metrics Update

Over the past 24 hours, NA transfers have been added to the blockchain recording transactions amongst holders of Augur. Regarding a tally of holders, Yesterday saw Augur’s wallet count NA by NA. In terms of recurring usage, we can note that NA wallets have sent or received coins in the past month, while NA have in the past day.

Observing Augur’s Richest Wallets

And in regards to wealth distribution, note that the top 1,000 Augur wallets hold over 66.62% of the token’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 3.66% of the currency’s money supply. Exchange ownership grew by 0% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.25% over that time period.

Article by SixJupiter

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