May 7, 2020: Kyber Network (KNC): Down 0.78%; 3rd Straight Down Day

.

Kyber Network: What’s the Latest Regarding its Price?

Kyber Network is down by approximately 0.78% from the previous day, with its price currently hovering around $0.6356 USD. Kyber Network is currently in an up, but it should be noted that this is now the the 3rd straight day that price has been down. Moreover, Kyber Network is now 6.06% above its 20 day moving average. Another data point we may find worthy of observation is that price for Kyber Network has increased 4 of the previous 10 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 74.64% less than its 7 day average volume.

As for Kyber Network’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 $0.491244 and $0.707366. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.

As for Kyber Network’s market cap, it is currently at about $114M US dollars.

Daily Engagement Metrics Update

Yesterday saw 1,035 transfers amongst holders of Kyber Network. In terms of estimating the number of holders, over the past day the total number of wallets holding Kyber Network has gone down by approximately 63. In terms of recurring usage, we can note that 8,300 wallets have sent or received coins in the past month, while 304 have in the past day.

Observing Kyber Network’s Richest Wallets

As for wealth distribution, the richest 1,000 wallets currently own 107.42% 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 Kyber Network 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 7.2% 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 -0.05%; 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 Latest on Kyber Network and Social Media

Traders interested in following Kyber Network has the biggest presence on Twitter, where it has 105,537 users engaged. Use this link to follow Kyber Network on Twitter.

Article by SixJupiter

Stay up to date on crypto news!

Sign up for our newsletter for all the hottest crypto stories, ICO reviews, and insights from leading experts of the crypto world - four times a week.

You have been signed up!