May 7, 2020: KuCoin (KCS): Up 0.95%


KuCoin Price Update

At the time of this writing, KuCoin has a price of $0.9314 USD, which puts it up by approximately 0.95% from yesterday. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 1.18% below its 20 day moving average, and is currently in a down trend over the past 14 days. To help contextualize yesterday’s price move, we can observe that price has rallied 2 of the past 5 days. And in terms of volume, yesterday’s price move ocurred on volume that was 31.44% less than its 7 day average volume.

In terms of an expected trading range, the Bollinger bands on KuCoin suggest price may bounce between $0.902605 and $0.982505 based on its momentum and volatility over the past 14 days. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.

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 $76 million.

Update on Transactions and Holders

178 transactions amongst holders of KuCoin occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding KuCoin has gone up by approximately 2. In terms of recurring usage, we can note that 380 wallets have sent or received coins in the past month, while 71 have in the past day.

How are the Strong Holders of KuCoin Faring?

As for wealth distribution, the richest 1,000 wallets currently own 210.75% of the money supply. This number is greater than 100% because many of the token holders are not able to sell them yet, and thus their numbers are not included in the supply yet, though they can be regarded as future sellers when they are able to sell. 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 terms of social media presence, KuCoin saw its Twitter followers and Reddit subscribers go up by 119 and 14 over the past 24 hours. Traders interested in following KuCoin has the biggest presence on Twitter, where it has 352,694 users engaged. You can follow KuCoin on Twitter here.

Article by SixJupiter

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